Authorities in Guizhou have expressed confidence that a cross-border investment and trade fair to be held in the province from Nov 9-11 will generate a wealth of opportunities with other countries.

The fair will be held in Gui’an New Area and aims to attract more businesses to invest in Guizhou by displaying its rich natural resources, various ethnic cultures and preferential policies for foreign businesses.

More than 750 guests, including government officials, enterprise representatives and journalists are scheduled to take part in the fair.

Through previous negotiations, Guizhou has achieved cooperation agreements with 24 countries, including the UK, US and Russia. Contracts on 193 investment and trade projects worth approximately 145 billion yuan ($21.39 billion) will be signed at the fair.

The province will conduct transactions with businesses in the fields of agricultural products, food, wine, electronic products, minerals, household appliances and daily necessities. Companies will also have the chance to invest in the province’s big data, health, tourism, mountain agriculture, equipment manufacturing, modern services and renewable energy industries.

The fair will arrange a negotiation activity for more than 1,000 businesses from Guizhou with overseas enterprises, giving them a chance to get a better understanding of each other. A forum on inland open-economy, dialogues between heads of chambers of commerce and a promotion conference will also be held.

Ten expedition routes have been outlined for show at the fair to give guests the whole picture of Guizhou’s development and potential business opportunities.

Bank of China, one of the country’s major State-owned commercial banks, is the supporter for the fair. It will provide financial services for the signed projects. During the fair, it will help attending enterprises with problems in law, accounting, and taxation.

Edited by Jacob Hooson