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 strengthen ties between U.S. and Chinese private enterprises, especially those 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 the vibrant nature of its private sector. He emphasized that the collaboration seeks to create a long-term platform for cross-border business development, helping companies from both countries expand their global reach. In addition to fostering partnerships, the association also brought forward significant purchasing opportunities worth tens of billions of dollars.
Luo highlighted the vast business potential 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 estimated procurement volume is between $30 billion and $50 billion, covering chemical building materials, coatings, and adhesives. Given that Guangdong is a major producer of coatings and adhesives in China, many private enterprises there are well-positioned to participate in these bidding processes.
He also provided insights into how Chinese entrepreneurs can successfully enter the U.S. market, including understanding local laws, meeting product quality standards, and registering trademarks and businesses in the U.S. Furthermore, he urged Guangdong’s private chemical entrepreneurs to prioritize environmental protection and produce high-quality, eco-friendly products. He stressed that innovation and unique, high-value designs will be key to gaining favor in the U.S. market, particularly in the southern states.
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