Source: Yiwu sourcing agent Author: Date: 2009-08-23
Minister of Commerce Chen Deming on the 15th of this month and the 10 ASEAN economic and trade minister signed the China - ASEAN Free Trade Area "investment agreements", which marks the China - ASEAN free trade zone will be fully completed in 2010. From January 1 next year, China and ASEAN are about 7000 kinds of products will be 0 tax treatment, to achieve the liberalization of trade in goods.
Market demand in Europe and the United States shrinking dramatically, rising trade protectionism, China - ASEAN Free Trade Area, Yiwu merchants will no doubt space to expand international trade provides a good opportunity.
Investment in ASEAN can enjoy national treatment
China - ASEAN Free Trade Area "investment agreements", including the provisions of 27. The agreement to investors through mutual national treatment, MFN and fair and equitable treatment of investment, investment-related laws and regulations to improve transparency for both investors and create a free, convenient, transparent and fair investment environment and investors on both sides provide adequate legal protection in order to further promote bilateral investment facilitation and liberalization gradually.
Since the establishment of a free trade area will benefit from lower Yiwu consumer prices of imported goods. For example, imports from ASEAN Yiwu mangosteen, dragon fruit, durian, rambutan and other fruits is expected to decline in price. On the other hand, after the abolition of tariffs, more products in Southeast Asia, Yiwu market characteristics. In addition, since a free trade area in the further opening up of trade in services, the city of consumers in health care, education and tourism have more choices.
Of the industry, the city used more of the ASEAN textile and garment exports, machinery and electronic products, toys, bags, stationery, plastic products and other goods will be zero-tariff access to the ASEAN market, which will help improve the "Yiwu manufacturer "competitiveness.
Yiwu various industry groups to enter the ASEAN market
In the ASEAN countries, investment in China were the top three countries Singapore, Malaysia and Thailand. On the other hand, ASEAN has also become more and more Chinese enterprises to invest in a new direction. In recent years, Yiwu trade of ASEAN countries is also growing. In 2008, the city self-ASEAN exports of 79.69 million U.S. dollars, an increase of 25.36%.
Last year, the city self-ASEAN exports of the top three countries were Indonesia, Malaysia, Viet Nam. With China - ASEAN Free Trade Area of the completed, Yiwu business-to-ASEAN trade and investment will enter the fast lane.
This reporter has learned that more than 90% of Malaysian imports of stationery products in China, half of them from the Yiwu market. Part of stationery goods through other countries in ASEAN, Malaysia. But after entering the ASEAN market, Yiwu stationery mainly rely on traders.
"China - ASEAN Free Trade Area will be changed into Yiwu Stationery ASEAN exports to the pattern." Yiwu Stationery trade associations relevant responsible person revealed that the majority of enterprises want to establish a local direct sales center or to find an agent.
This reporter has learned that Yiwu hotel supplies industry associations will also be ASEAN's external trade, as new markets. Association, the industry group, said Mr Wu, the ASEAN market is looking for exhibitors for the opportunity to Yiwu in the high-end glass products into the ASEAN market.
City Council foreign economic and trade professionals suggested that the ASEAN countries to export goods at the same time, enterprises can also seize the opportunity to carry out the textile industry, such as the transfer of processing trade. It is reported that between the Association of Southeast Asian Nations Free Trade Area in 2002 has been completed to set up factories in the ASEAN countries, the localization of their products up to 40% more than the 10 ASEAN countries to be exempted from most of the export tariff.
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