Free trade deal lifts business

0 CommentsPrint E-mail China Daily, November 15, 2010
Adjust font size:

The ASEAN bloc's figures showed that exports are equal to 54 percent of the 10 nations' collective GDP. Further, the bloc has grown to become China's fourth-largest trading partner since the launch of CAFTA, with bilateral two-way commerce standing at $211.3 billion in the first nine months of 2010, up 44 percent from the previous year.

"The overall view (of CAFTA) is active. Our government supports our enterprises to do business with China. What we need to do is to improve our products and increase our production capacity," said Mangkorn Dhanasarnsil, vice-chairman of the Federation of Thai Industries.

However, because the bloc's 10 nations are developing at different economic levels, trade imbalances have resulted. This means smaller businesses in the region's less developed nations find it hard to gain shares in the Chinese market because they lack a competitive edge and have less preferential government policies to support them.

Experts point out these gaps will hinder the progress of regional economic integration.

"Although bilateral trade between China and ASEAN economies developed rapidly, trade with Singapore and Malaysia alone makes up more than half. Trade volume between China and ASEAN's new members remains very small," said Xu Ningning, deputy secretary-general of China-ASEAN Business Council.

Because the four newest members of ASEAN - Cambodia, Laos, Vietnam and Myanmar - maintain relatively high tariffs, the entry barrier for doing business in China has yet to be removed.

Huang Shifu, a Vietnam-born Chinese man who exports Vietnamese yellow rosewood for furniture to China, said that he hasn't benefited at all from the much-talked-about CAFTA.

Instead, the rising cost of yellow rosewood caused by the Vietnamese government's stringent export polices, including higher tariffs, to protect its raw materials has almost erased any benefits from the rising prices of his products.

"Tariffs on our products are 8.5 yuan a kilogram now," Huang said, pointing out that it used to be 7.5 yuan a kilogram. He said high demand pushed prices of rosewood up, and the higher prices for rosewood led to higher tariffs.

Under CAFTA, tariffs on Asean's latest four members will be gradually reduced and entirely removed by 2015. The original six members will totally eliminate tariffs by the end of this year.

Experts say entrepreneurs from the newest members, such as Huang, have to wait for the arrival of the tariff reduction for quite a while.

Only 45 percent of enterprises in the CAFTA zone have adopted the facilitation measures under the agreement, said Angel Lam, senior representative of the ASEAN secretariat, citing figures from Asian Development Bank.

The new zone is only 10 months old. China and the 10 ASEAN economies have to strive to propel the implementation of all the measures under the agreement to benefit all people in the area, Lam said.

   Previous   1   2  


Print E-mail Bookmark and Share

Go to Forum >>0 Comments

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 成人免费视频软件网站| 三级理论中文字幕在线播放 | 九月婷婷人人澡人人添人人爽| 中国大陆一级毛片| 1024手机在线播放视频| 老阿姨哔哩哔哩b站肉片茄子芒果 老阿姨哔哩哔哩b站肉片茄子芒果 | 国产影片中文字幕| 亲密爱人之无限诱惑| 久久精品成人一区二区三区| a级片免费视频| 车车好快的车车流水网站入口| 污污的视频在线免费观看| 日本娇小xxxⅹhd成人用品 | 天天综合天天色| 国产乱子伦精品视频| 亚洲欧洲精品成人久久曰影片| 丰满多毛的大隂户毛茸茸| 香蕉视频黄在线观看| 精品久久久影院| 日本三级韩国三级香港三的极不 | 色综合久久综合网| 欧洲精品在线观看| 天天操天天干天天舔| 国产三级自拍视频| 亚洲一卡二卡三卡四卡无卡麻豆| yellow字幕网在线zmzz91| 黄色片在线观看网站| 欧美日韩综合在线视频免费看 | 男人一进一出桶女人视频| 日批视频app| 国产校园另类小说区| 亚洲欧美综合区自拍另类| 丁香六月色婷婷| 蕾丝av无码专区在线观看| 欧美一区二区三区高清不卡tv| 天天摸天天碰成人免费视频| 四虎影院最新网址| 久久精品国产精品青草| 福利姬在线精品观看| 激情五月婷婷久久| 好吊妞视频988在线播放|