Guangdong' GDP, import and export trade value and the actually absorbed foreign direct investment was 1/8, 1/3 and 1/4 of the national total respectively, said Tang Bingquan, Executive Vice Governor of Guangdong Province at the Guangdong Foreign Trade Spring Festival Banquet 2007 yesterday.

According to the government work report, the export and import value went over 500 billion USD. The export value reached 302 billion USD, up 26.8 percent, accounting for 31.2 percent of China's total.

Actual used foreign direct investment (FDI) summed up to 14.5 billion USD, up 17.4 percent. The province undertook more outsourcing service projects from foreign countries, thus the FDI in service industry soared by 37.7 percent.

A total of 108 non-finance enterprises made their international investment debut last year. The contracted oversea projects and labor export projects earned the province 3.8 billion USD.

Besides, the province held promotion and business events in UAE, Saudi Arabia, Turkey, Russia, Finland and France, fetching contracts valuing at 9.7 billion USD.

Liang Yaowen, Director of Department of Foreign Trade and Economic Cooperation of Guangdong said the province will continue its effort to expand international cooperation and exchanges through economic, technology and trade events.

More than 500 guests attended the Banquet. They are Guangdong government officers, CEOs of local lead foreign trade enterprises, foreign consulate officers in Guangzhou, representatives of Taiwan-, Hong Kong-, Macao- and foreign-funded financial and commercial units.

Editor: Donald