On July 13, data released by the General Administration of Customs showed that in the first half of this year, my country’s exports of textile yarns, fabrics and products fell by 0.7% year-on-year, and exports of clothing and clothing accessories fell by 4.7%. Although the export situation in the first half of the year is not optimistic enough from the data point of view, good news such as the increase in the export tax rebate rate has also continued one after another, which has alleviated the unfavorable export dilemma to a certain extent. Not only that, the orientation of positive policies also sends out positive signals, allowing companies to see hope when they are lost.
In the last review, we said that when foreign trade was hit, the mentality of Chinese businessmen changed a lot, from anxiety to gradual adaptation to active response. The power behind this is the guidance of policies. . In the first half of this year, in addition to full tax rebates for textile and apparel exports, what attracted the most attention to the textile industry was the further development of China’s free trade. It successively signed the China-Korea Free Trade Agreement and the China-Australia Free Trade Agreement with South Korea and Australia. agreement. Up to now, China has signed as many as 11 free trade agreements with foreign countries, involving 22 countries and regions. In the current era of high costs, the free trade agreement has solved the urgent needs of enterprises to a certain extent. At least on this basis, my country’s textile and garment enterprises can finally be on an equal footing with low-cost countries such as Vietnam. The competitive conditions are no longer disparate, and they have more advantages in international trade competition. An advantage.
To save export data, we still need to rely on the joint efforts of the state and enterprises. Only by having policies from the top and following from the bottom can we respond well.
(1) Full tax refund for textiles and clothing
On June 1, the governments of China and South Korea officially signed the “Free Trade Agreement between the Government of the People’s Republic of China and the Government of the Republic of Korea”, which is expected to come into effect at the end of this year or early next year. After more than two weeks, my country and Australia also officially signed a free trade agreement on June 17.
The construction of free trade zones can promote trade and investment and better help Chinese enterprises explore international markets. The two newly signed free trade agreements have a huge impact on the textile and apparel industry. Among them, the China-South Korea Free Trade Agreement is the free trade agreement that my country has signed with foreign countries so far, covering the widest range of topics and involving the largest national trade volume. In terms of the level of openness, the liberalization ratio of goods trade between the two parties exceeds 90% of tax items and 85% of trade volume; the scope of the agreement covers 17 areas including trade in goods, trade in services, investment and rules. After the agreement comes into effect, more than 90% of products from China and South Korea will enter the zero-tariff era after the transition period. It is particularly worth mentioning that the China-South Korea Free Trade Agreement includes e-commerce as an issue for the first time. South Korea has great potential for e-commerce development, so there are unlimited possibilities for Chinese products to enter the Korean market through cross-border e-commerce.
The China-Australia Free Trade Agreement is one of the free trade agreements with the highest overall level of trade and investment liberalization negotiated and signed by my country so far. The two parties cover more than a dozen fields such as goods, services, and investment. Before the signing of the free trade agreement, Australia imposed a tariff of about 5% on most Chinese textiles, and the tariff on clothing was basically about 10%. After the free trade agreement takes effect, more than 85% of textile products will immediately enjoy zero tariffs. Within 3 years, more than 90% of clothing products will gradually be reduced to zero tariffs. In fact, Australia is not a high-tariff country, but since Southeast Asia has become China’s largest competitive partner in recent years, and Australia and ASEAN have signed a free trade agreement, this 10% tariff reduction is particularly important. It is not difficult to see from the proportion of Chinese export products in the Australian market that our market share has been gradually declining in the past two years, from about 65% in 2010 to about 60% last year. The continuous decline is not only due to the rise in labor costs, which has led to a decrease in price competitiveness, but also because the establishment of a free trade area between Australia and ASEAN has given Southeast Asian countries, which originally had lower labor costs than China, more advantages. But now that the China-Australia Free Trade Agreement has been signed, we are at least on the same starting line as ASEAN countries. Compared with before, Chinese garment export companies have increased their price competitiveness by 10%.
According to statistics, up to now, China has signed as many as 11 free trade agreements with foreign countries, namely the free trade agreements between China and ASEAN, Singapore, Pakistan, New Zealand, Chile, Peru, Costa Rica, Iceland, Switzerland, South Korea and Australia. In addition, there are the Closer Economic Partnership Arrangement (CEPA) between mainland China and Hong Kong and Macau, and the Cross-Strait Economic Cooperation Framework Agreement (ECFA) between mainland China and Taiwan. The 14 agreements that have been signed involve 22 countries and regions. There are still 7 free trade agreements under negotiation. After all are signed, my country’s free trade will cover 32 countries and regions. This undoubtedly laid a solid foundation for the future development of export trade.
(2) Free trade agreements cover more
On June 1, the governments of China and South Korea officially signed the “Free Trade Agreement between the Government of the People’s Republic of China and the Government of the Republic of Korea”, which is expected to come into effect at the end of this year or early next year. After more than two weeks, my country and Australia also officially signed a free trade agreement on June 17.
The construction of free trade zones can promote trade and investment and better help Chinese enterprises explore international markets. The two newly signed free trade agreements have a huge impact on the textile and apparel industry. Among them, the China-South Korea Free Trade Agreement is the one my country has signed with foreign countries so far, covering the widest range of topics and involving various countries.One-third of Ebay sellers in Greater China with annual sales exceeding US$100,000 began to use overseas warehouses. In terms of sales, 45.5% of sellers sell more than half of their products through overseas warehouses, and 34.55% of sellers sell more than 80% of their products through overseas warehouses. According to the survey, 72% of the respondents said that the sales conversion rate of products in overseas warehouses is higher than that of direct mail products. Ebay’s data also confirms this point: Among similar products, the sales volume of products shipped from overseas warehouses is 3.4 times that of products shipped from China.
In the first half of the year, the Zhejiang Provincial Department of Commerce announced a list of certified public overseas warehouses for cross-border e-commerce. These overseas warehouses are located in 11 countries including the United States, Russia, Australia, and the United Arab Emirates, providing a platform for Chinese cross-border e-commerce companies overseas. The sales business provides logistics support services such as warehousing and distribution. According to reports from enterprises, building overseas warehouses can effectively increase logistics speed, thus improving the competitiveness of enterprises. Currently, customers are compressing delivery times into shorter and shorter times. Usually, 7 days is already the waiting limit for buyers. This places higher demands on suppliers’ response speed and delivery capabilities. The operators of overseas warehouses said that in fact, in addition to time and cost advantages, another major advantage of overseas warehouses is to improve customer experience. It is more convenient for customers to track orders, and overseas warehouses can also provide return and exchange services. Now with policy support, I believe there will be more and more overseas warehouse construction.
Government and enterprises work together to save export data
On July 13, data released by the General Administration of Customs showed that in the first half of this year, my country’s exports of textile yarns, fabrics and products fell by 0.7% year-on-year, and exports …
This article is from the Internet, does not represent Composite Fabric,bonded Fabric,Lamination Fabric position, reproduced please specify the source.https://www.yjtextile.com/archives/11188