Before July Guangxi qinzhou on ASEAN over 2 billion in bilateral trade

North Bay News 9, 1 Jun (Xie secluded-Sun Bao) since China-ASEAN free trade area of the formal completion of the yen and the ASEAN countries closer economic and trade links, free trade policy in the radiation effects may increase significantly. January-July, qinzhou and ASEAN bilateral trade over 2 billion, an increase of 11.39%. Viet Nam is ranked as the largest trading partner status, import and export 1.8 billion, an increase of 19.38 per cent compared to the yen to ASEAN 81.06% of the total value of imports and exports.

According to customs statistics, January-July, qinzhou and Viet Nam trade 18027.63 million over the same period last year (hereinafter the same) 19.38 percent, the growth rate higher than the overall growth of foreign trade in qinzhou city 4.18%. Which imports 10328.4 million, an increase of 47.89%; exports 7699.23 million, fell slightly 5.15%.

January-July qinzhou and Viet Nam bilateral trade features: first, the overall scale of monthly import and export is gradually move up the situation, a record high in April; the second is a small amount so seductive, bonded warehouse turnover boundary cargo and general trade performance; the third is the absolute advantage of private enterprises, collective enterprises and foreign-invested enterprises in poor performance. July 1-year, private enterprises and export of Viet Nam 17596.81 million, an increase of 31.47% 97.61%. In the same period, the collective enterprise and export 430.44 million slashed 71.35%, foreign invested Enterprise only us $ imported 3737 21.51% decline; the fourth is a single import, export and import of principal commodities are up.

Qinzhou and Viet Nam trade growth main reasons: first, benefit from the preferential tax policies. Since January 1 this year officially completed, China on the ASEAN's overall average rate from 9.8% 0.1% ASEAN on the average tax rate in China 12.8% 0.6%, more than 90% of the merchandise for zero tariff, the import and export enterprise of enthusiasm to improve, promote the expansion of the scale of the import and export. Second, the yen and the ASEAN countries in natural resources and the complementarity of the industrial structure has also stimulated the bilateral trade and export.

Customs of the recent devaluation of Viet Nam shield's repeated and RMB appreciation pressure increases and other negative factors will be on bilateral trade between Yen and Viet Nam have a negative effect. This year, after several months of qinzhou and Viet Nam's bilateral trade opportunities and challenges.