Bangladesh "Zero Tariff" Chengdu Shoe Enterprises Locked In South Asian Market

Enjoy Bangladesh's "zero tariff" treatment

Yesterday, under the organization of the Sichuan provincial chamber of Commerce, more than 10 enterprises went to Bangladesh, Brunei and Sri Lanka, hoping to bring about a number of external contracting projects and foreign investment projects such as power plants, distance education and housing construction.

Since July 1st this year, China has imposed zero tariffs on 4721 commodities imported from Bangladesh. In Bangladesh, many products can also enter the European, Japanese and other markets without tariffs.

In the context of favorable policies, Sichuan enterprises have begun to plan the layout of the South Asian market.

The Sichuan provincial chamber of Commerce revealed that the project will promote a number of projects in the three South Asian countries respectively.

From the project point of view, it involves not only traditional power plants, pmission and pformation projects, real estate projects, but also new projects such as software construction.

Among them, a $240 million thermal power plant project will be launched in Bangladesh, a total of hydropower projects with a total investment of US $100 million, and a number of highway and bridge projects. In Brunei, a large housing project will be promoted, and distance education in Sri Lanka will be promoted.

Once the project is signed, it will drive Sichuan enterprises to invest in South Asia, labor services and import and export trade.

According to the data provided by the Sichuan Provincial Department of Commerce, under the impetus of Sichuan machinery and equipment import and Export Corporation, Dongfang Electric Co., Ltd. and other large enterprises, Sichuan enterprises have contracted 26 projects in South Asia, with a contractual amount of US $5 billion 680 million.

Sichuan enterprises have accumulated rich experience in overseas project contracting in South Asia.

Chengdu shoe companies lock in South Asian market

The rapid development of South Asia has created enormous demand.

In Bangladesh, for example, the country is focusing on bidding for power plants, bridges, railways and other projects.

To solve the problem of power shortage, Bangladesh plans to increase its national generating capacity to 7 million kilowatts by 2013. In the next few years, it will need more than 300 kilowatts of installed capacity, including 4 large scale coal-fired power plants with 50-130 kilowatts.

This will create a rare opportunity for China's coal-fired generating units to undertake overseas projects.

Bangladesh's superior commodities include garments, leather, jute and seafood. At present, export to China can enjoy zero tariff treatment.

The fabric, yarn, accessories, dyestuffs and mechanical equipment used in Bangladesh are mostly imported from our country. Our textile and garment enterprises and related enterprises can set up factories in Bangladesh, pfer garment manufacturing and related industries, or vigorously develop the export business of upstream products and supporting products.

In Mencius factory, products such as garments produced by enterprises can enter the market of Europe and Japan without any duty.

Sichuan footwear import and Export Chamber of commerce is paying close attention to "zero tariff" business opportunities.

Due to the successful entry into emerging markets such as ASEAN, the export of footwear industry in our province increased by nearly 8 in the first half.

The chamber of Commerce will also organize enterprises to participate in the Vietnam International Footwear Exhibition in September, with the aim of entering ASEAN and Japan as a springboard.

After ASEAN's firm foothold, the next goal of Sichuan shoes is South Asia.