Two intl trade cities ink cooperation contract

Sources from the Guanshanhu district of Guiyang, Southwest China's Guizhou province, on June 6 suggested that Junfa · New Luosiwan International Trade City and Guiyang Southwest International Trade City signed a strategic cooperation agreement.

The two sides will mainly be committed to constructing commercial streets and exhibition pavilions. Guizhou is encouraging local brands and products to go global, so the two sides pledged to establish themed exhibition pavilions at each other's trading place.

Junfa · New Luosiwan International Trade City occupies an area of 3.08 million square meters, and about 17,800 merchants have set up shops there, with 200,000 visits daily on average. The area has 10 trading centers and more than 1.7 million types of commodities and is the largest one-stop international trading complex in Southwest China. The international city is expected to generate over 50 billion yuan ($7.05 billion) of trade volume by 2025.

Guiyang Southwest International Trade City is home to over 7,000 business operators and more than 60 categories of businesses. Its annual turnover is about 20 billion yuan.