Source: Yiwu sourcing agent Author: Helan Date: 2008-01-22
Information from 2008 Spring Festival rally of foreign trade and economy held on the evening of January 7 says that Yiwu's export-oriented economy maintained a good momentum last year, with the foreign economic cooperation and communication becoming closer and more and more enterprises opening up their market abroad. This year Yiwu will further raise the level of opening up,perfect the international trade risk prevention system, standardize the foreign trade order, cultivate the import market and raise the grade of products.
It is learned that the total import and export of self-management business was 1.66 billion dollars in the first 11 months in 2007, with the export up 27% over the same period of the previous year. The products were exported to 178 countries and regions. In 2007 the foreign investment in Yiwu continued to rise steadily with an in crease of 63 new foreign-invested foreign investment in actual use. The foreign economic cooperation and communication became closer with 226 enterprises' displaying their products on 37 international famous exhibitions in Hong Kong, Germany, Britain, Panama, Italy,Dubai and so on last year. 196,000 people from Hong Kong, Macao and other foreign countries visited Yiwu last year. At present there are 1456 agencies of overseas enterprises in Yiwu.
The foreign trade order has been constantly standardized in Yiwu with the rapid development of export.Last year the export credit guarantee system was set up and Data Banks of the overseas purchasers, Chinese employees and agencies of overseas enterprises in Yiwu were established and perfected. Businessmen were encouraged to have corporatization management. And some departments like Foreign Trade and Economic Cooperation Bureau actively lead enterprises to open wider to the world, make reasonable use of foreign resources and implement the strategies of brand and "going out".
In 2008 great efforts will be made in foreign investment structure optimization, and the introduction of foreign investment will be based on selection more than on indiscriminate invitation, and will focus not only on industries but service as well.More importance will be attached to the import of technology, management and marketing networkk, and in particular, breakthrough will be tried in introduction of good,big and leading projects.Meanwhile the international trade risk prevention system will be perfected, the foreign trade order standardized, the export market cultivated, the quality of export products improved, the foreign service system perfected and the trade investment environment optimized.
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