On June 18th, the opening ceremony of China Fastener Exporter Association (CFEA) and the High Quality Development Forum of Hardware and Fastener Industry were successfully held in Jiaxing, Zhejiang, China.
So far, CFEA has recruited 42 council members and over 200 members, representing approximately 60% of the China's fastener export share. CFEA plans to expand to around 500 members companies in the next two years, representing over 85% of China's fastener export share. Currently, China's fastener export market scale has broken through 15 billion USD.
Jiang Hui, the President of CCCMC, delivered a speech analyzing the challenges and obstacles faced by the current international trade situation. He elaborated on the original intention of the establishment of CFEA and its future development directions. At the same time, he earnestly hopes that colleagues in the fastener industry will work together to promote the development of China's fastener industry.
Subsequently, the conference reviewed and approved the CFEA's rules of procedure. Mr. Shen Jiahua, the President of the Zhejiang Fastener Industry Association, was elected as the first President of CFEA. Mr. Shen is also the founder and chairman of Yuxing Fastener (Jiaxing) Co., Ltd. The brand "Yuxing" for nuts is well-known in the Chinese market, and with 60% of its products exported worldwide, Yuxing also enjoys a high reputation in the global market. Mr. Yang Junfeng, the founder of Fastener Expo Shanghai and the Chairman of Shanghai Ebseek Exhibition Co., Ltd., was elected as the Executive President of CFEA. Fastener Expo Shanghai has been an influential exhibition in the industry for 15 years.
Mr. Scott McDaniel, the President of NFDA, sent a congratulatory message expressing his congratulations on the establishment of CFEA and looking forward to long-term cooperation with CFEA. Mr. Andreas Bertaggia, the President of EFDA, expressed his congratulations on the establishment of CFEA and emphasized that the trade relationship between China and Europe is crucial to the fastener industry. However, he also pointed out that the industry is currently facing challenges such as the imposition of anti-dumping duties and the carbon border adjustment mechanism(CBAM). Therefore, he looks forward to cooperating with CFEA to jointly face these challenges.
The High Quality Development Forum of Hardware and Fastener Industry was also held on the same day. The forum conducted professional discussions on global economic and trade situation, CBAM interpretation, digitization of fastener quality management, as well as the import and export situation of fasteners, providing important information for participating enterprises.
CFEA aims to unite its member companies for product quality assurance and international competitiveness enhancement, playing an active role in anti-dumping coordination, international market development, construction of export-base, overseas investment, international relationship and communication mechanisms of government policies and regulations.
