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China Jinjiang FTA Promotes New Business Opportunities For Export Of Shoes And Clothing

2011/8/13 11:29:00 53

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Reporter from

Jinjiang

The inspection and Quarantine Bureau was informed that from January to the end of 6 this year, Jinjiang had 37 products of 1 million 60 thousand dollars worth of footwear.

Exit

To Costa Rica.

It is reported that the China Costa Rica free trade agreement came into effect on August 1st and became the tenth FTA reached and implemented in China.

After the agreement comes into effect, China and Costa Rica will implement zero tariff in stages for over 90% of the products.

"The agreement can be reduced by 6%.

tariff

Generally speaking, this advantage can not be reached in the hands of production shoe enterprises, because most enterprises are entrusted with the export of intermediaries, and the middleman is the ultimate beneficiaries of this agreement.

But from a market perspective, this is a good business opportunity for the shoe and clothing market in Jinjiang.

Zhang Kaicang, chief of the footwear inspection division of Jinjiang inspection and Quarantine Bureau, said Costa Rica has a small population. Although the market looks small, its consumption level and China's export products can be complementing each other. Cheap and cheap products are very popular in Costa Rica, so there are many business opportunities for Jinjiang's shoes and clothing market, and the potential market behind them is very broad.

It is reported that PEAK Shoes Co., Ltd. has become the first beneficiary of the agreement since the implementation of the agreement. The company has exported Costa Rica a package of $79590 worth of travel bags. With Costa Rica free trade area certificate of origin, Costa Rica customers can reduce import tariffs to about 8000 yuan.

In this regard, Ding Zisen, general manager of Mori Ha shoes and clothing company, also believes that although tariffs are reduced, manufacturers can not directly benefit because few enterprises can export their own products.

However, after the tariff is lowered, the price of the local terminal market will inevitably decrease. The drop in prices will easily stimulate the consumption demand of the local market. For Jinjiang's shoe manufacturers, expanding the local market share is a potential business opportunity.

According to the introduction, with the implementation of the Sino German free trade agreement, greater opportunities in the international market are gradually emerging.

The 8 member states of the Central American integration system, Costa Rica, Guatemala, Belize, Salvatore, Honduras, Nicaragua, Dominica and Panama, are committed to promoting regional economic integration.

Through Costa Rica, Jinjiang shoe enterprises can enjoy the same tariff preferences in the Central American integration system, thereby opening up the Central American market.

Not only that, Costa Rica has also signed bilateral free trade agreements with most countries in the Americas, but will also pass the free trade agreement with the EU by the end of next year.

It can be said that through the superposition of policies, China's enterprises will get access to Costa Rica's "bridge" and "platform", or at a relatively low cost, to obtain a wider international market such as America and Europe, and effectively reduce unnecessary trade frictions.