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China and ASEAN textile industry cooperation has promising prospects



On April 21, a dialogue meeting between business officials from China’s textile industry and relevant ASEAN countries was held in Beijing. Xu Ningning, co-chairman of the China-ASEAN Business Association, said …

On April 21, a dialogue meeting between business officials from China’s textile industry and relevant ASEAN countries was held in Beijing. Xu Ningning, co-chairman of the China-ASEAN Business Association, said that in the construction of the 21st Century Maritime Silk Road, the prospects for cooperation in the textile industry between China and ASEAN are promising. .
The dialogue was hosted by the China-ASEAN Business Association and the Asia-Pacific Center of the China International Studies Foundation. The China Chamber of Commerce for Import and Export of Textiles had a dialogue with commercial officials from the embassies of relevant ASEAN countries in China to discuss the construction of the 21st Century Maritime Silk Road. China and ASEAN textiles Industry cooperation and exchange.
ASEAN is China’s third largest textile and apparel export market
Zhang Xian, Secretary-General of the China Chamber of Commerce for Import and Export of Textiles, introduced that since the establishment of the China-ASEAN Free Trade Area, ASEAN has become one of the fastest growing regions for China’s textile and apparel exports to the world. In 2010, when the free trade area was established, ASEAN It has become China’s largest textile export market.
In 2013, ASEAN surpassed Japan for the first time and became China’s third largest textile and apparel export market. In 2014, China’s exports of textiles and clothing to ASEAN were US$36.1 billion, an increase of 5.5%, and China’s imports of textiles and clothing from ASEAN were US$3.9 billion, an increase of 20%. In the past five years, China’s exports of textiles and clothing to ASEAN have grown at an average annual rate of more than 28%. At the same time, China’s imports of textiles and clothing from ASEAN have grown at an average annual rate of more than 30%.
Currently, ASEAN is China’s largest yarn export market and fabric export market. Calculated by a single country, Vietnam is China’s largest fabric export destination.
The relationship between the two parties is win-win cooperation rather than competition
Zhang Xian said that in terms of labor costs, ASEAN countries have obvious comparative advantages over China. In order to make full use of the cost advantages, tariff preferences and cotton price advantages of Southeast Asian countries and adapt to changes in importers’ procurement strategies, many Chinese companies have implemented successful production capacity transfers and overseas layouts, transforming the competitive relationship between China and ASEAN countries into win-win cooperation. Relationship.
For example, the cotton spinning base and garment processing base established by Tianhong and Esquel Group in Vietnam, and the export processing zone and garment processing base established by Hongdou and Shenzhou Group in Cambodia have become models for Chinese textile enterprises to “go global”.
Promote textile enterprise cooperation through point-to-point methods
Xu Ningning, co-chairman of the China-ASEAN Business Association and executive director of the Asia-Pacific Center of the China International Studies Foundation, said that China and ASEAN jointly build, discuss and share the 21st Century Maritime Silk Road, and unimpeded trade is a key construction content. China-ASEAN textile industries are highly complementary and have great potential for cooperation. Currently, China and ASEAN are actively building an upgraded version of the free trade area. The textile and apparel industries of both sides should further seize the favorable conditions of open markets, strengthen industrial cooperation, and promote industrial upgrading.
Xu Ningning pointed out that strengthening the connection between industry chambers of commerce (associations) can be used as an entry point for industrial cooperation. The convening of the dialogue meeting between business officials from China’s textile industry and relevant ASEAN countries aims to promote the docking of industry chambers (associations) of both parties and promote cooperation between textile and garment enterprises from both sides in a point-to-point manner. Xu Ningning suggested that Chinese enterprises should make good use of the preferential policies of the free trade zone to increase trade exchanges and invest in ASEAN countries, so that investment and trade can promote each other.
Ong Zhongyi, Minister Counselor of the Embassy of Malaysia in China, Satian, Minister Counselor of the Embassy of Laos in China, Xia Tingting, Commercial Counselor of the Philippine Embassy in China, and Thandi, Commercial Counselor of the Indonesian Embassy in China attended the meeting.
The China-ASEAN Business Association (CABA) is an important platform established by China and ASEAN countries to promote economic and trade cooperation between the two sides. As a non-profit business promotion group and cooperation mechanism, CABA contacts relevant chambers of commerce, industry associations, trade institutions, enterprises, etc. in China and ASEAN to promote industrial cooperation and industry docking between China and ASEAN as one of its priorities.

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