On April 15, the six-day 3^rd China International Consumer Products Expo (CICPE, also known as Hainan Expo) wrapped up in Haikou, the capital of south China’s Hainan Province, with the first 29 companies from China and other parts of the world already signing up to take part in the next installment of the CICPE.

The Hainan International Convention and Exhibition Center was packed with visitors on April 14, 2023, the 1st public open day of the 3rd CICPE.[Photo: Feng Shuo/Hainan Daily]

The companies that have already signed on the dotted line for their spots at the 4^th Expo include Tumi, Tapestry, Holesland (China) Dairy Group, Korea Trade-Investment Promotion Agency (KOTRA), Kapal Api Group, Ernst & Young, Kärcher, and several more Chinese and international brands in the areas of duty-free sales, products for daily use, luxury goods, financial consulting, and more.

The first 29 Chinese and international companies signed up to attend the fourth CICPE as the 3^rd Hainan Expo wrapped up on April 15. [Photo: Cao Zhi/Hinews]

“At this year’s CICPE, we inked cooperation agreements with over 20 firms, with total transaction values hitting 1 billion yuan ($145 million),” said Liu Huiliang, Vice President of Hainan Govking High-Tech Dairy Co., Ltd. Liu added that the company will bring even more high-quality imported products to put on display at next year’s Expo.

Indonesia's largest coffee brand, the Kapal Api Group, made its debut at this year’s Hainan Expo. “We have held talks with a number of world renowned coffee brands including Starbucks, Nestle, Illy, %Arabica, and Luckin at the coffee industry forum during the Expo,” said Jia Jiawen, a China market representative for the Kapal Api Group.

According to Jia, they will capitalize on the Hainan Free Trade Port’s (FTP) preferential policies for importing and processing products in order to deepen cooperation with Hainan’s local coffee brands.

Global accounting firm Ernst & Young has shared several case studies on FTP policies and corporate services at this year’s CICPE, helping to convince more companies to set up branches in Hainan. Huang Hengzhi, a partner at the Ernst & Young Hainan Branch, said that they also intend to take part in the 4th CICPE, and see great promise in the FTP thanks to the proven effects of the Regional Comprehensive Economic Partnership (RCEP) Initiative.