Press Room - Press Releases
- GSIA Delegates Meet to Discuss Global Security Industry Trade and Commerce Issues with Chinese Government Officials and Business Leaders
Shenzhen, China (October 30, 2013): Representatives from 10 of the Global Security Industry Alliance’s (GSIA) 35 alliance member countries, met today with national and local Chinese government officials at the Futian District government office in Shenzhen, China to discuss global trade and commerce issues facing the security industry.
“Economic growth based on sound targeted investment constitutes the backbone of most government programs. In Shenzhen, the development of the security industry is more than 30 years and Shenzhen has now become the world's largest security product manufacturing and distribution market,” said Richard Chace, Chairman of GSIA. “Shenzhen is not only enjoying the status of being a ‘champion security city’ in China but has also left its imprint on the International map, especially during the CPSE and GSIA congress.”
Statistics reveal that there are over 4300 security industry-oriented businesses in Shenzhen engaging in manufacturing, R&D as well as OEM production. Annual output value of security industry sector in Shenzhen constitutes 60% of the total output value in China, reaching 97 billion Yuan. The Chinese security industry's contribution in total GDP of Shenzhen is around 5%. Tax contribution from the security industry accounts for 5% of Shenzhen local tax revenue.
The Security Industry has kept pace with the development of Shenzhen and it will continue to grow with further investment.
The meeting was organized by the GSIA with the objective of fostering better understanding between the security industry and various government departments for favorable local regulations, government endorsement and speedy administration examination approvals which will help in acceleration development of the security industry in Shenzhen.
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About GSIA: "Thinking Locally - Acting Globally." The Global Security Industry Alliance (GSIA) is an Alliance designed to unite the global security community around the principles of fairness, honesty, innovation, sharing, open communication, and "win-win" strategic cooperation. Since 2009, the GSIA has been guided by a charter, originally signed by representatives of 30 international security trade groups, societies and law enforcement organizations from 25 different countries, which promotes the building and maintaining of an international resource network dedicated to the advancement of fair international trade policies, support of beneficial trade exhibitions and conference programs, development of education and certification programs, identification and development of accurate market research, and support of technology standards and best practices for the global security community. Please visit the GSIA website at www.GSIAlliance.com.
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