ASEAN Has Become China'S Fourth Largest Export Market For Textiles And Clothing.
In the first three quarters of this year,
ASEAN
Formally surpassing Hongkong, China to become the fourth largest export market for Chinese textiles, and the rapid growth of China's export to ASEAN marks China ASEAN.
fta
The effect of reducing two-way tariffs is gradually emerging.
According to the latest statistics from the Statistics Center of China Textile Industry Association, China's exports to ASEAN increased by 41.3% in the first half of September this year, compared with the same period last year.
Increase
It has increased by nearly 3 percentage points.
Exports of textiles and clothing increased by 41% and 42.2% respectively over the same period last year.
Insiders said that despite the good momentum of China's export to ASEAN textiles and clothing, the cost competitive advantage of ASEAN and other Southeast Asian countries highlighted China.
textile industry
There is also a competitive relationship between exports and these emerging trading partners.
In recent years, Southeast Asian countries, represented by Vietnam, Indonesia and Bangladesh, have shown good export momentum.
According to WTO statistics, from 1990 to 2009, Bangladesh's clothing exports accounted for 0.6% of world clothing exports from 3.4% to 3.4%. From 2000 to 2009, Vietnam's clothing exports accounted for 0.9% of world garment exports to 2.7%.
In addition, in August of this year, according to the US Department of Commerce, Bangladesh, Vietnam and Indonesia showed better exports to the United States than China.
The experts believe that these countries have the advantage of low labor cost and high quality in the field of garment processing. Therefore, it is also proper to obtain a large number of international clothing orders. However, statistics in recent years do not impede the development of China's garment industry, let alone replace them completely or pose a major threat.
Moreover, the development of garment processing industry in these countries has led to China's related aspects.
accessories
Export is a good thing for the exportation enterprises.
On the whole, China and these countries maintain a trade partnership with cooperation and competition.
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