China-ASEAN free trade area starts the half-year accelerated growth in bilateral trade

The new network in Nanning, 12 Jul: China-ASEAN free trade area starts for half a year, accelerating growth in bilateral trade. Guangxi Nanning customs 12, that the first half of this year, the ASEAN continue to remain in the first trading partner status, bilateral trade amounted to $ 26.3 billion, up $ 41.6%.

Customs introduced the first half of this year, Guangxi and export 77.4 billion, an increase of 39.9%. Exports 42.7 billion, an increase of 46.6%; import 34.7 billion, an increase of 32.4%. Import and export of scale in the national ranking 17th, ranked No. 2 in the West, home after Sichuan 155.9 billion. Among them, to ASEAN export 17.7 billion, an increase of 40.2%; from ASEAN import 8.6 billion, an increase of 44.6%.

January 1, 2010, China on 10 ASEAN countries 91.5% products tariff-free access, on ASEAN average tariff from 9.8% drop to 0.1%. Statistics show that in the first half of this year the foreign trade import and export of Guangxi general trade import and export dominance, small amount and the processing trade, import and export growth are higher than the overall level. In addition, the main force for the import and export of private enterprises, enterprises with foreign investment and the strength of the State-owned enterprises and export growth. Mechanical and electrical products and high-tech exports sustained and rapid growth.

Customs, said the first half of this year, as the slow recovery of the world economy, international and domestic market demand, etc, etc, Guangxi imports while maintaining a good momentum of growth, but growth has been a significant decline in the aggregate, cumulative growth rate for the month of June has dropped to 39.9%.

Customs analysis, because international trade protectionism, the appreciation of the Renminbi pressure increases, international commodity prices are high, rising labor costs and other factors increase the cost of export enterprises, weakening the Chinese export price competitive advantage, making this year the situation of China's foreign trade and not optimistic. Therefore, the second half of the cumulative growth in Guangxi and export will display descending trend.