The Society of the Plastics Industry Inc. (SPI) is sponsoring the China-US Plastics Industry Summit that will take place on April 16, 2008, at the Renaissance Shanghai Pudong Hotel in Shanghai. Co-organized by SPI with the China Plastics Processing Industry Association (CPPIA), China Plastic Machinery Industry Association, Shanghai Society of the Plastics Industry, and Adsale Exhibition Services Ltd., the one-day trade summit immediately precedes the opening day of ChinaPlas 2008, Asia’s largest plastics and rubber trade fair.
The summit is intended to foster better ties between the US and Chinese plastics industries and provide a context for discussing bilateral trade development and investment opportunities. Planned sessions include an overview of US and Chinese development trends, resources required for a successful partnership, and US government resources available to assist exporters. During an afternoon panel discussion, both US and Chinese companies will share their experiences and best practices for successful US-China collaboration.
The US plastics industry exported $2.8 billion worth of goods to China in 2006. The Asian country was its third-largest export market, following Canada and Mexico. US exports to China grew by more than 112% in the three-year period from 2003 to 2006, and were on track, as of the end of last November, to grow by almost 40% in 2007.
“The growth of the Chinese market over the past decade has been incredible, and offers US plastics companies the potential for lucrative business ventures,” says SPI’s senior director for international trade and trade counsel, Neil Pratt. “We hope the China-U.S. plastics summit will offer a frank discussion of both the challenges and opportunities facing U.S. companies in the Chinese market today.”
More details about the summit, including information on participant fees, registration, and the agenda, are available on-line.