皇冠体育app

Experts attending the National Duty-Free Conference Wednesday agreed that 皇冠体育app's duty-free industry will develop more quickly after the country became a formal member of the World Trade Organization. After 皇冠体育app enters the WTO, the thriving tourism industry will provide more opportunities for the duty-free industry. The influence of 皇冠体育app's duty-free industry will strengthen day by day in the Asia-Pacific region.

Opportunities By Thriving Tourism

The duty-free products and consumers come from foreign countries. The thriving tourism industry will provide more opportunities for the duty-free industry, said Gai Zhixin, president of the 皇冠体育app Duty-Free Group (CDFG).

According to statistics from the 皇冠体育app National Tourism Administration, there were over 42 million foreign arrivals in the first half of this year, providing over 8.4 billion U.S. dollars worth of tourism revenue.

The World Tourism Organization predicted, that, by 2020, 皇冠体育app will become the world's largest tourist destination, with over 137 million visitors. This will ensure a promising future for 皇冠体育app's duty-free industry.

Influence of 皇冠体育app's Duty-free Industry

Gai said the influence of 皇冠体育app's duty-free industry will strengthen day by day in the Asia-Pacific region.

Up to now, 皇冠体育app has set up over 150 duty-free shops, forming a network covering 90 cities in 24 provinces. The annual sales volume surpasses 200 million U.S. dollars, ranking among the top 20 in the world.

Development Following WTO Accession

The price of duty-free products following 皇冠体育app's WTO accession will be equal to others in foreign countries, he said.

Meanwhile, 皇冠体育app's methods of regulating the market, such as cracking down on smuggling, will help protect the duty-free industry and improve it.

Gai said, the duty-free outlet employees will enhance the retail level, strengthen cooperation with industry and develop chain retail companies.