In­for­ma­tion of­fices to help re­duce trade dis­putes

China Daily (Canada) - - LIFE - By ZHONG­NAN zhong­nan@chi­nadaily.com.cn

China will set up 100 trade in­for­ma­tion of­fices this year to col­late trade-re­lated data from its ma­jor ex­port provinces and as­sess them for po­ten­tial risks, govern­ment of­fi­cials said on Wed­nes­day.

In ad­di­tion, the coun­try will also set up lobby groups in the United States, Brazil and In­dia this year to tackle grow­ing global trade fric­tions against its prod­ucts.

Yin Zonghua, vice-chair­man of the China Coun­cil for the Pro­mo­tion of In­ter­na­tional Trade, said as many as 94 trade dis­putes were filed against Chi­nese com­pa­nies and prod­ucts in 2015, mainly by the United States and emerg­ing economies like Brazil, In­dia andMex­ico.

Most of the dis­puted re­lated toChina’s steel, auto parts, fas­tener, house­hold elec­tri­cal ap­pli­ances, agri­cul­tural prod­ucts, gar­ment and shoe-mak­ing in­dus­tries. They came amid an over­all slow­down in the num­ber and value of trade fric­tion cases.

China’s over­all ex­ports amounted to 14.14 tril­lion yuan ($2.15 tril­lion) in 2015, down 1.8 per­cent on a year-onyear ba­sis, the first drop since 2010, ac­cord­ing to data from the Gen­eral Ad­min­is­tra­tion of Cus­toms.

CCPIT has so far es­tab­lished 52 trade in­for­ma­tion of­fices and passed on nearly 2,600 trade-re­lated early warn­ings to 32,000 com­pa­nies. The in­for­ma­tion dis­sem­i­na­tion was to help the com­pa­nies en­hance their risk preven­tion lev­els and be bet­ter pre­pared for changes in the global trade sys­tem.

To catch up with its more ma­ture trade part­ners, CCPIT es­tab­lished China’s first over­seas civil lobby group in Brus­sels to help Chi­nese com­pa­nies’ global ex­pan­sion in the Euro­pean Union last year.

Shen Danyang, spokesman for theMin­istry of Com­merce, said even though China is a lead­ing goods trader, it still has a long way to go be­fore it can change from be­ing a large goods trader to a strong goods trader.

“Chi­nese man­u­fac­tur­ers from both the State-owned and pri­vate sec­tors are not only con­fronting cum­ber­some is­sues such as the ap­pre­ci­a­tion of the yuan and ris­ing fi­nanc­ing costs, but also fierce com­pe­ti­tion with emerg­ing coun­tries in the low-end prod­uct mar­ket,” said Shen.

Yin Jiang’an, gen­eral man­ager of Dong­guan Jin­maoda Fur­ni­ture Co, a lead­ing fur­ni­ture maker from Dong­guan in Guang­dong prov­ince, said the fre­quent changes in Euro­pean tech­ni­cal stan­dards are ham­per­ing Chi­nese fur­ni­ture prod­uct ex­ports to the EU mar­ket.

The EU stan­dards stip­u­late that for­eign fur­ni­ture sold in the EU must meet their cri­te­ria on en­vi­ron­men­tal, eco­log­i­cal and formalde­hyde emis­sion stan­dards. Many Chi­nese fur­ni­ture mak­ers be­lieve th­ese stan­dards are com­pli­cated and costly to achieve.

“It costs a lot of money to ful­fill the eco­log­i­cal de­tails adopted by the EU Com­mis­sion in 2009. It is also the rea­son why many fur­ni­ture fac­to­ries in Dong­guan’s Dal­ing­shan area are now de­vel­op­ing a broad-based do­mes­tic strat­egy,” said Yin.

It costs a lot of money to ful­fill the eco­log­i­cal de­tails adopted by the EU Com­mis­sion in 2009.”

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.