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December 27, 2022
6 Min Read
Image courtesy of Chinaplas
Many companies in Asia are export-oriented nowadays, fueling expansion of international trade in the region. The Regional Comprehensive Economic Partnership (RCEP), which came into force in January 2022, is set to create the largest free trade bloc in the world among its 15 signatories and will further provide an impetus to Asian production. Chinaplas, Asia’s number one plastics and rubber trade fair, looks set to help industry players unlock RCEP opportunities and plug into the prosperous prospects brought by the Guangdong-Hong Kong-Macao Greater Bay Area (GBA). The event will be staged at the Shenzhen World Exhibition and Convention Center (SWECC) in Shenzhen on April 17 to 20, 2023.
Under the theme of "A Brighter and Shared Future, Powered by Innovation," Chinaplas 2023 will highlight innovative plastics solutions and relevant market trends in a 380,000-square-meter exhibition area. Attendees from the global plastics industry will discover a well-balanced mixture of international and Chinese technologies, covering a range of applications that are transforming end markets, said event organizer Adsale Exhibition Services Ltd. (Adsale).
Trade bloc transforms Asia into global manufacturing hub
The 15 signatories to the RCEP agreement — China, the 10 ASEAN member states, South Korea, Japan, Australia, and New Zealand — allow preferential access for specific products in selected RCEP markets. Businesses in the region will now benefit from tariff elimination on more than 90% of goods over time. These products range from plastics and mineral fuel to miscellaneous food preparations and beverages, and other chemical products. The RCEP is supporting Asia’s growth as a global manufacturing hub.
According to statistics from the United Nations, Asia’s industrial value-add rose significantly from $2.7 trillion in 2000 to $9.4 trillion in 2019, while Asia’s share of global industrial value-add expanded from 35.9% to 50.9%. China’s share rocketed from 6.4% to 24.9%, while the share of ASEAN also went up from 2.8% to 4.8%. The 15 RCEP members had a combined share of 40.2% by 2019, compared with 29.4% in 2000. Data from Chinese Customs shows that in 2021, imports and exports between China and the other 14 RCEP members totaled RMB 12.07 trillion ($1.73 trillion), up 18.1% year-on-year and accounting for 30.9% of China’s total foreign trade value. Thanks to liberalization under the RCEP, further growth is expected, creating tremendous prospects for the plastics and rubber industries, according to Adsale.
GBA uniquely positioned to maximize growth under RCEP
Companies in the GBA region can leverage global opportunities provided by the RCEP. Shenzhen and Hong Kong, in particular, create synergies to expedite the global expansion of companies. Shenzhen, with strong policy support from the central government, is expected to further develop into a center of innovation, entrepreneurship, and creativity. Hong Kong, with its strength as an international trading hub, has long been a premium business platform handling outbound investments from the mainland, including those to ASEAN and other RCEP members. These advantages give Shenzhen and Hong Kong a unique significance in global expansion, said Adsale.
A brighter future through innovation
In April 2023, Chinaplas will return to Shenzhen, gateway city to the GBA and RCEP as well as the thriving innovation and technology hub of Southern China. Upgraded technologies and ever-smarter solutions on display at Chinaplas 2023 can help industry to take advantage of emerging opportunities in the RCEP and GBA and react in real time to rapidly changing markets.
More than 3,900 exhibitors are anticipated at Chinaplas 2023, including eight country pavilions featuring companies from Austria, France, Germany, Italy, Japan, Switzerland, the United Kingdom, and the United States, and a regional pavilion highlighting products and services from Taiwan. Eighteen themed zones in the Machinery and Chemical & Raw Materials halls cover injection molding, extrusion machinery, 3D printing, recycling, smart manufacturing, bioplastics, composites, high-performance materials, and thermoplastic elastomers and rubbers, among other technologies.
Chinaplas has become a preferred platform for the plastics and rubber industries to debut new products and solutions and showcase innovative materials and machinery technologies, according to Adsale. In addition to leading-edge technologies and practical solutions from all over the world, Chinaplas provides a platform for domestic companies growing in the spirit of "professionalization, refinement, specialization and innovation." Buyers from numerous industries, including automotive, building & construction, electronics & electric, medical, new energy, packaging, recycling, and sports & leisure, will find a tremendous selection of products and services relevant to their industrial needs.
Several concurrent events, including seminars on the circular economy, smart manufacturing, and design innovation, are being planned. Stay tuned for details.
Chinaplas+ expands event reach
Digital transformation is affecting every industry and business, and Chinaplas is no exception. Chinaplas+ is the “bricks and clicks” of Chinaplas, integrating online and offline show experiences with the following six elements:
CPS+ eMarketplace, powered by Chinaplas, is a global plastics and rubber solutions e-sourcing platform featuring raw materials, machinery, semi-finished products, and services from all over the world. With just one click, buyers can connect with 4,000+ global plastics and rubber tech suppliers anytime and anywhere.
Chinaplas LIVE is the official live stream produced by the event organizer. More than 100 key enterprises and their leaders will shed light on market trends and introduce their latest products and technologies at the fairground.
Business e-Match is dedicated to connecting pre-screened suppliers and premier buyers.
Applications Online Forum webinars bring together leaders from solution providers, end-user markets, and associations where they can exchange views on market trends and highlight technology solutions for different sectors.
Technologies Video Channel contains exclusive interviews with technology leaders and showcases innovative exhibits and official thematic events.
Factory iVisit provides viewers with online factory visits where they can experience live demos of plastics processing machines and interact with technical experts.
“In 2022, the global economy bounced back from the pandemic. Amid the new normal, Chinaplas successfully organized a virtual world-class plastics and rubber exhibition coupled with CPS+ eMarketplace,” said Ada Leung, General Manager of Adsale. “The six elements of Chinaplas+ will be further integrated to complement the physical show. In 2023, we will strive to bring participants a four-day physical show for face-to-face, technology-based communication, aiming to help plastics and rubber industries explore new business opportunities, particularly prospects in the RCEP and GBA,” said Leung.
Online pre-registration for Chinaplas 2023 is now open until April 11, 2023. Visitors can enjoy an early bird discount for a four-day pass at RMB 50 ($7.50) instead of RMB 80. Pre-registered visitors will receive their visitor eBadge or confirmation letter in advance for fast admission. Click here to pre-register.
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