Macau International Fair generates estimated US$687.5 million in business

22 October 2012

The 17th Macau International Fair (MIF) resulted in the signing of 88 deals worth over 5.5 billion patacas (US$687.5 million), which was a 10 percent increase n the 2011 fair, the Macau Institute for Promotion of Trade and Investment (IPIM) said.

According to figures announced by the chief executive of IPIM, Irene Lau Kuan Va, half of the agreements were signed b y companies from Macau, followed by those from mainland China (38.1 percent) and Hong Kong (5.3 percent).

Some 700 exhibitors from 50 countries and regions took part in MIF 2012.

Over four days MIF was visited by 103,899 people, which was an increase of 9 percent against the fair held in 2011.

MIF 2013, which will be held from 17 to 20 October, may coincide with the 4th Ministerial Conference of the Forum for Economic and Trade Cooperation between China and the Portuguese-speaking Countries, which is due to be held in the final quarter of 2013. (macauhub)