Exports Of Clothing Products Between Fujian And ASEAN Have Increased Significantly.
With the completion of the China ASEAN Free Trade Area, trade between Fujian and ASEAN has shown strong growth momentum.
According to Fuzhou customs statistics, in the first 7 months of this year,
Fujian Province
The total volume of trade with ASEAN reached US $7 billion 50 million, 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.
Fujian, July
private enterprise
ASEAN's imports and exports reached 2 billion 900 million US dollars, an increase of 69.9%, accounting for 41.1% of Fujian's total trade with ASEAN over the same period, and foreign investment enterprises' imports and exports 2 billion 830 million US dollars, 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 export 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 two sides further deepened their dependence and closer economic ties. However, Chinese enterprises started out late and had insufficient experience in overseas investment, and lack of relevant talents with multinational management experience.
In response, the Fuzhou customs recommended that the government departments should strengthen guidance for enterprises to develop ASEAN markets, actively readjust the industrial structure, intensify pformation and upgrading, 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 dialogue mechanisms, so as to create a favorable environment for bilateral trade.
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