On December 18, during the 4th South Private Entrepreneurs Forum, jointly organized by the China National (Private) Camp Economic Research Association and the Guangzhou Private Economy Development Research Association, the China-US Trade Development Association signed a strategic cooperation memorandum with the Guangzhou Private Economy Development Research Association. This partnership aims to foster long-term collaboration and create a platform for the international expansion of businesses in both the U.S. and China, particularly in the Pearl River Delta region.
Mr. Luo Haomin, chairman of the China-US Trade Development Association, explained that Guangdong was chosen due to its dynamic economic environment and vibrant private sector. He emphasized that private enterprises are known for their innovation and flexibility, making them ideal partners for cross-border initiatives. The collaboration is expected to open new channels for trade and investment, with a focus on supporting companies looking to expand globally.
Luo also highlighted the significant business opportunities available in Louisiana and surrounding areas in the southern U.S., where local governments and companies are investing heavily in infrastructure projects such as stadiums, modern housing, and libraries. The projected procurement volume for these projects ranges from $30 to $50 billion, with a strong demand for chemical building materials, coatings, and adhesives. Given that Guangdong is a major hub for the production of coatings and adhesives in China, many private companies there have the potential to participate in bidding processes.
In addition, Mr. Luo provided insights into how Chinese entrepreneurs can enter the U.S. market, stressing the importance of understanding local regulations, product standards, and trademark registration. He encouraged Guangdong’s private chemical industry to prioritize environmental protection, emphasizing that producing high-quality, eco-friendly products is not only responsible but also more likely to succeed in the U.S. market.
He further advised entrepreneurs to focus on innovation, designing unique and high-value products that can stand out in competitive markets. Those who embrace creativity and sustainability will find greater acceptance and success, especially in regions like the southern U.S., where demand for quality and innovation is growing.
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