Gyeonggi-do Trade Promotion Team Supports Expansion of 'SME Export Channels'

69 Export Consultations with China and $1.54 Million Contracts in Progress

[Asia Economy Reporter Ra Young-cheol] Gyeonggi Province signed a total of 69 contracts worth 1.54 million USD during export consultations with Chinese buyers as part of a trade promotion delegation involving 10 promising local companies.

According to the province on the 14th, to support small and medium-sized enterprises (SMEs) in the province struggling with exports due to the prolonged COVID-19 pandemic, non-face-to-face export consultations were held over two days starting from the 7th targeting local Chinese buyers.

Before conducting the export consultations, the province carefully analyzed market trends in China and selected companies with a variety of product lines including cosmetics and baby products.

Additionally, to compensate for the limitations of non-face-to-face consultations, product samples and foreign language catalogs were sent in advance to local buyers.

Since the global spread of COVID-19, the province has highly evaluated the potential for entering the Chinese market and plans to enhance export competitiveness through free FTA consulting support and preferential tariff applications utilizing the Korea-China FTA.

Meanwhile, Gyeonggi Province plans to operate online trade promotion delegations targeting 9 regions in 7 countries including Japan, North America, and Mongolia until the end of the year.

Ryu Gwang-yeol, Director of the Economic Office, said, "We will do our best to provide practical and continuous support so that the trade promotion delegation becomes an opportunity for companies to expand their export channels and increase sales."

This content was produced with the assistance of AI translation services.