Dear Colleagues --
I attach a brief update on UNPA's activities relating to China.
Important events and opportunities are developing rapidly. I believe you will find it to be of great interest.
The China Winds of Change are Blowing—But in which Direction?
Developments in the Chinese market and UNPA China engagement this fall
China is in the news every day. The threats or realities of a U.S.-China trade war are ever present. The power and control of Chinese President Xi has changed the political landscape with new initiatives and processes on environment protection, the Belt and Road Initiative, Healthy China 2030 and much more.
Of interest to UNPA members are two events later this year suggesting the winds of change are real and blowing in a favorable direction. Here are the details:
1.) The China Special Food Conference (SFIC 2018), organized by the China Nutrition Health Food Association (CNHFA) and supported by the China Administration for Market Regulation (CARM), which is the new and renamed China FDA, will be held on October 30 in Beijing. Regulators and authorities from key countries, including the U.S. FDA, will attend and provide updates on regulatory models for their respective countries. I have been invited to give an update on the U.S. dietary supplement industry. A key goal of this conference is to assess the utility of various international regulatory models and to welcome imports. (Click here for further information about SFIC.)
2.) The second event is the China International Import Expo (CIIE) on November 5-9, in Shanghai. This massive event (attendance estimated at 200,000+) will showcase thousands of international companies and products, all with the goal of signaling to the world that China’s doors are open, and Chinese consumers are anxious to buy our products. UNPA is leading a delegation of U.S. companies, where we will also hold high-level meetings with Chinese authorities. Key topics will be advancing U.S. imports into China. (Click here for further information about CIIE.) If you’d like more information about the CIIE, please contact me.
Many will ask, “Is this for real, or an exercise in rearranging chairs?” There is reason to believe that this is for real. China’s middle class is large, affluent and hungry for Western products, especially foods, supplements and cosmetics. Distrust of domestic products of this sort remains high, creating a very strong demand for foreign health products.
China’s digital and logistics infrastructure is world leading. All the elements are present to drive significant growth. Currently, the cross-border e-commerce approach has enjoyed success, allowing foreign products to enter the Chinese market with limited, if any, regulatory preclearance.
All of these factors suggest new opportunities exist. Diligence will be required to realize the potential gains. The window to do so may be limited, and thus the need for decisive and prompt action by UNPA in the form of participation in the CIIE and the SFIC
We hope you find this update of value and helpful.