Thursday, December 23, 2010

International Trade Organization in Shanghai joint initiative of the global free trade

Each warp mesh June 10th Shanghai Electric: global economic crisis brought about by the economic downturn, some Western countries set artificial obstacles hindering trade tariff increases. In response to this situation, the Department of Commerce, China trade, China international economic and Exchange Centre and World Trade Center Association yesterday (9), World Trade Center Association honors day activities, the joint initiative "in support of global free trade" initiative, and with the World Trade Center Association President du Zun, signed with this initiative.

WTCA Vice Chairman Wu Shu-ching in national business news reporter said that in recent years, some countries and regions on Chinese exports of textile and clothing products taxation, high tariffs for China export trade, export dramatically declining trend, some profit thinner exporters face danger of collapse.

Du Suri on national business news said that globalization has brought new opportunities and unprecedented challenges, we need to face and hands. With the development of technology, trade has to break the original geographical and temporal boundaries, and global integration direction.

Vice Minister Ma xiuhong expressed the hope that other countries in the world and China, through technology, investment, trade cooperation, seeking new opportunities for development cooperation, enhance communication, proper handling of bilateral trade and economic concern even multilateral issues, most importantly in the implementation of trade facilitation for enterprises to create favorable conditions and have the potential of space.

Ma xiuhong revealed that the first four months of this year's trade surplus fell significantly in size, import growth rate higher than the export growth rate 30.9 percentage points. Since 2009, the single import growth rate has been higher than 12 consecutive months of export growth. Flush pull quantity price rises, imported quickly rebounded significantly reduced scale, the surplus in October 2009, continuous decline in 7-month surplus, 1 ~ April trade surplus 161.1 billion, down 78.6%. Of these, processing trade and foreign investment enterprise is the major source of surplus. Processing trade surplus 845.7 billion in foreign investment enterprises achieve surpluses 215.6 million, namely the overall trade surplus scale 5.2 times and 1.3 times and general trade deficit exists 393 billion.

"This shows that the formation of China's trade surplus with the globalization of international division of labour relations. ”

Ma xiuhong revealed that, at present, China's enterprises in the trade environment generally cautious. For example, this year's fair turnover growth despite a restorative, but still well below the pre-crisis level, turnover in 2008 fell 10.3%. Buyers on the market trend is still doubt, orders, enterprises worry about Exchange rate changes, importing countries levy high tariffs, and so lead to rising costs, not afraid to take a long, single, single.

According to the survey, within 3 months of short single accounted for 53% of turnover. In this case, continue to maintain the policy of continuity and stability as the universal appeal of foreign trade enterprises.

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