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Trade Between Fujian And ASEAN Has Shown Strong Growth Momentum.

2010/8/31 14:03:00 48

With the completion of the China ASEAN Free Trade Area, Fujian and ASEAN have both sides.

Trade

Showing strong growth momentum.

According to Fuzhou customs statistics, the total volume of trade between Fujian and ASEAN reached US $7 billion 50 million in the first 7 months of this year, an increase of 53.7% over the same period last year.

Among them, imports of US $2 billion 530 million, an increase of 52.2%; exports of US $4 billion 520 million, an increase of 54.5%.

According to statistics, the import and export of private enterprises and foreign-funded enterprises are evenly divided.

Before July, private enterprises in Fujian increased 69.9% to ASEAN's imports and exports, accounting for 41.1% of the total volume of Fujian's trade with ASEAN in the same period. Foreign investment enterprises accounted for 2 billion 830 million of imports and exports, an increase of 51.7%, accounting for 40.2%.

In addition, the import and export of state-owned enterprises was 1 billion 250 million US dollars, an increase of 27.9%, accounting for 17.8%.

Clothing and footwear products

Exit

Growth is outstanding.

In the first 7 months, the export of Fujian's electromechanical products to ASEAN was 1 billion 610 million US dollars, an increase of 32.8%; the export of agricultural products was 620 million US dollars, an increase of 34.3%; clothing exports 360 million US dollars, an increase of 69.8%; and the export of footwear products 220 million US dollars, an increase of 96%.

On imports: imports and exports of electromechanical products increased by 880 million, an increase of 34.2%; imports of high-tech products increased by $740 million, an increase of 28.9%; and imports of agricultural products increased by 270 million US dollars, an increase of 6.2%.

Fuzhou customs officials pointed out that after the start of the China ASEAN Free Trade Area, the bilateral dependence deepened and the economic relations became closer. However, the "going out" of Chinese enterprises started late, overseas investment experience was insufficient, the relevant talents with pnational management experience were short, and the difficulties of short-term investment in the ASEAN market were still more.

In response, Fuzhou customs recommended that government departments should strengthen guidance for enterprises to develop ASEAN markets, and actively adjust their industrial structure.

Transformation and upgrading

Efforts should be made to enhance awareness of certificates of origin, reduce trade costs between ASEAN and ASEAN, pay close attention to ASEAN's political and economic development, and improve bilateral dialogues and dialogues, so as to create a favorable environment for bilateral trade.