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The 2007 China Automotive Parts and Accessories Fair was held in Detroit on October 26th. The conference was aimed at providing communication and cooperation channels for China-US auto parts companies.
Nearly 200 government officials and representatives of auto parts companies from many countries including China, the United States, and Canada attended the talks and exchanged opinions on production cooperation and import and export of auto parts products. Local officials in Detroit and representatives from the U.S. automotive industry all stated during the speech that China's auto parts industry is developing rapidly and related industries in China and the United States should conduct more in-depth cooperation.
According to Tan Mingan, director of the China Chamber of Commerce in Detroit, the organizer of the talks, the United States is becoming a major sales market for auto parts products in China. Enhancing cooperation between China and the United States in the auto parts industry is beneficial to both parties. Organizing such a conference will help strengthen both parties. Information exchange and cooperation between enterprises.
According to the data of the US Department of Commerce, China’s auto parts exports to the United States in 2006 were about US$7 billion, an increase of nearly 30% from the previous year. With the improvement of China's auto parts quality and technological progress, China is becoming the second largest source of auto parts products in the United States, second only to Mexico.