Hong Kong, 1st June: Global Sources hosted Pacific Brands, a leading Australian marketer and importer of consumer goods, at a Private Sourcing Event in Xiamen last month. Pacific Brands buys on behalf of some of the most recognized brands in Australia. Global Sources will host more than 100 Private Sourcing Events this year. The majority of these events will be held in China and India.  Merle Hinrichs, chairman and CEO of Global Sources commented, “Australia is one of a handful of major economies that has yet to enter a recession in the past 12 months. In fact, the market is showing signs of vitality with retail sales up by more than two percent in March from February. Through Private Sourcing Events, we’re providing suppliers with targeted opportunities to grow their exports despite the global downturn. We are doing this by connecting them with strong markets, quality buyers and by focusing on high-demand product categories.” Source: Global Sources press release

BIIA Newsletter June 2009 Issue