Trade Friction Will Become A Protracted War &Nbsp, And The Foreign Trade Industry Must Take The Initiative To Deal With It.

The G20 finance ministers meeting that just came to a close has reached a consensus on avoiding "competitive currency devaluation".

In fact, in the "

Various trade protection measures have been implemented frequently.

Following the release of the latest US International Economic and exchange rate policy report scheduled for October 15th, the meeting between the finance ministers and central bank governors of the group of twenty (G20) has also reached a consensus on the global exchange rate dispute.

Members promised to "avoid currency competitive devaluation and promote current account balance", which has temporarily cooled the previously turbulent exchange rate war.

However, the shadow that envelops the global market, especially China's export industry, has not dispersed.

The website of the Ministry of Commerce of China announced in October 20th that the US International Trade Commission decided to maintain an anti-dumping duty order against the US iron casting products, with a duty rate of 11.66% and a duration of five years.

Just two days later, the US Department of Commerce reissued a notice to revise the results of countervailing rulings of seamless dual cases, and substantially increased the countervailing duty imposed on Chinese enterprises on the basis of the original ruling.

In October 25th, the US International Trade Commission re launched the committee's announcement that it had made an affirmative final ruling on the damage investigation of China's US version of the "double reverse" case, and concluded that China's US coated paper had a substantial threat to the related industries in the United States, and that China's exports would face high anti-dumping and countervailing duty rates.

However, these cases are only recent us to China ".

Experts believe that in the recent trade war launched by the United States, including seven intellectual property litigation as the core of the 337 survey and a unilateral action characterized by the 301 survey, the field involves solar energy, liquid crystal display, printer ink cartridge and many other products, which shows that the trade friction launched by the United States is increasingly concentrated on high value-added industries and new industries.

This situation needs the attention of relevant enterprises.

Trade friction may be a protracted war.

According to the experts, the shadow of the trade frictions in this round is hard to ignore the shadow of the national export revitalization plan introduced by the US in early 2010.

The goal of the plan is to double the US exports in 5 years and increase 2 million jobs. An important means to implement the plan is to accelerate the construction of a free and fair access world market.

With the failure of the current "exchange rate war", it will be logical to launch trade frictions.

Huang Jingbo, a professor at the Department of international trade at Zhongshan University, pointed out that in the eyes of some people and organizations in the United States, its economy, especially its export slump and deficit, are not due to the structural defects of the US economy.

In this regard, Huang Dechang, a US business director at Guangzhou, clearly stated: "the United States does think that ensuring trade freedom and fairness is the fundamental guarantee for the revitalization of exports.

In the future, we will continue to strive for a good environment for US companies. "

It is worth noting that in the recent US trade frictions with China, countervailing investigations against China's economic policies and guidelines are playing an increasingly important role.

Chen Lipeng, director of the Fair Trade Bureau of the Guangdong Provincial Department of foreign trade and economic cooperation, said that the development of trade frictions is not only directly affecting the international competitiveness of our steel, petrochemical, textile and paper industries, but also endangers industrial safety. It also indirectly affects the stability and sustainability of our macroeconomic policies.

Foreign trade industry needs to deal with {page_break} early.

Facing the increasing trade friction, we can get better results if we take the initiative to fight.

In October 22nd, the WTO dispute settlement body issued an expert group report on my dispute with the United States on anti-dumping and countervailing measures.

The head of the law department of the Ministry of Commerce said that China welcomes the panel's ruling that the United States has taken double countermeasures against the WTO rules, including the standard steel pipe, rectangular steel tube, composite woven bags and non Road tire products.

China believes that the US side should strictly abide by WTO rules and conduct trade relief investigations.

China will carefully study the report of the panel and deal with appeals in accordance with the WTO dispute settlement procedures.

While the government is actively responding, Chinese enterprises also need to take positive actions.

"The trade frictions faced by China from the low end to the high end is an inevitable process. This shows from another angle that more and more Chinese enterprises are making more and more international competitiveness through the pformation of development mode."

At the Canton Fair, the head of GREE electric overseas sales company said that the company has noticed that the trend of trade friction has shifted to high-end. In the new product development of GREE electric appliances, the company has been paying attention to the early preparation for the development direction of the industry, so as to cope with the trade barriers that may happen in the future.

The head of the overseas market management office of Guangdong Galanz Group Co., Ltd., said that dealing with trade frictions would test the ability of enterprises to cope with the international market and test the management ability of enterprises.

Enterprises should standardize management in R & D, production, marketing, accounting and so on, and establish a sound financial accounting system and intellectual property protection system.

At the same time, enterprises should strengthen self-discipline, maintain a good order of foreign trade, abide by business ethics and market rules, and actively resist low bidding and other disrupting export business order.

In addition, many business executives believe that at present, countervailing investigations and other trade barriers against government policies and measures are increasing.

In response to this trend, the government should guide and coordinate relevant domestic departments and relevant intermediary organizations to carry out trade frictions, and guide trade associations, chambers of Commerce to strengthen trade self-discipline and conduct consultations with foreign organizations. These will help to improve China's trade frictions.