Global Sources renewed its contracts today with AsiaWorld-Expo Management to host China Sourcing Fairs at Hong Kong's AsiaWorld-Expo from 2009 through to 2012.

Valued at over 40 million dollars, the agreements include a license to host a new show from 2009 through 2012, in addition to the Electronics & Components, Fashion Accessories, Underwear & Swimwear and Gifts & Home Products Fairs currently held every April and October at AsiaWorld-Expo.

Global Sources' chairman and CEO, Merle A. Hinrichs, said: "More than 81,000 buyers attended last October's highly specialized sourcing Fairs [and] exhibitors from across Southeast Asia have bought more than 7,000 booths to the shows."