Alfred Dunner

Alfred Dunner

Association Of Southeast Asian Nations Will Become The New Markets Of China's Textile Export Growth

Recently, China and Southeast Asia and Brazil, Africa, India, these "emerging economies" in trade between the dramatic growth. Despite Historically, trade between China and these areas is limited, but the rapid growth in the past five years, so that if the strong performance in 2010, it may be sufficient to offset the slight weakening of Sino-US trade.

Statistics show that Asia, Africa, Brazil, India, in China's influence in the area of trade markedly enhanced. In 2009 the first 10 months of trade with the U.S. accounted for 13.6% of China's total trade, Africa and the Association of Southeast Asian Nations (Asean) 10 countries together accounted for 13.5%. Brazil and India together accounted for 4% (Australia and Russia accounted for 2.7% and 1.8%).

In November 2009, Sino-US trade remains sluggish, while China and Asia and a number of "emerging" economies of trade revival, the two formed a sharp contrast. That same month, China's European Union (EU) and the exports to the U.S. decreased by 8% year on year and 1.7%, while exports to ASEAN countries rose by 20.8%.

The world's largest free trade zone - China - ASEAN Free Trade Area officially launched January 1, marking China-ASEAN trade in products of more than Jiucheng tariffs will be zero. This will be the world's largest consumers and coverage have the largest free trade zone is also known as, following the European Union, the North American free trade zone after "the future of the world's third-largest economy."

The industry believes that, at present, China's foreign investment is in its infancy, the textile industry is to implement the "going out" strategy, competitive industries, while the Association of Southeast Asian Nations will be the key areas of implementation of this strategy. Compared with the ASEAN countries, China's textile exports have obvious advantages.

Guangxi University for Nationalities School of Business professor sang that to promote China's textile industry to expedite the implementation of ASEAN Free Trade Area of the layout is the key to China - ASEAN Free Trade Area offers great investment opportunities; Meanwhile, China's textile industry in the eastern part of the restructuring brought about transfer of capital for Chinese enterprises to invest in ASEAN provides a material basis; in the ASEAN production, re-export markets such as Europe and the United States to bypass a number of international trade barriers, to some extent alleviate the pressure faced by China's textile industry.

China - ASEAN Free Trade Area of the building, so that China's textile industry faces a major development opportunities, which the ASEAN countries have also been looking forward to. Thailand insisted on a large number of textile products to develop a specific origin criteria, to reduce the free trade zone of origin requirements in order to expand its exports to China. Vietnam, Myanmar and other ASEAN new member countries also have the textile industry to encourage investment areas.
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