Cooperation Between China And ASEAN Textile Industry To Create Regional Integration

Xu Ningning, CO chairman of China ASEAN Business Association, said twenty-first Century Maritime Silk Road In the construction of China ASEAN textile industry, the prospects for cooperation are promising. As the first stop for the construction of the maritime Silk Road, ASEAN is now vigorously promoting the construction of ASEAN Economic Community and implementing interconnection. This provides new opportunities for overseas development of both enterprises.

　　 China's textiles import and export Zhang Xian, Secretary General of the chamber of Commerce, said that since the establishment of the China ASEAN Free Trade Area (ASEAN), ASEAN has become one of the fastest growing regions of China's textile and clothing exports. In 2010, ASEAN became the largest textile export market in China. In 2013, ASEAN first surpassed Japan to become China's third largest textile and garment export market. At present, ASEAN is China's largest yarn export market and the largest fabric export market. According to a single country, Vietnam is China's largest fabric exporter.

Xia Tingting, a commercial counselor of the Embassy in Philippines, said many local clothing and textile manufacturers in Philippines hoped to reach a joint venture agreement with Chinese enterprises and investors. "The garment industry in Philippines has been the main beneficiary of the EU GSP plus treatment since January 2015. The Chinese garment and textile industry must not miss this opportunity to cooperate with Philippines enterprises in stabilizing the status of Chinese enterprises in the US and Europe."

Xu Ningning pointed out that China ASEAN - to jointly build, co - operate and share the maritime Silk Road in twenty-first Century, and trade flow is the key content. China ASEAN textile industry has strong complementarity and great potential for cooperation. At present, China ASEAN is actively building an upgraded version of the free trade area. The textile and garment industry of both sides should further grasp the favorable conditions for opening the market, strengthen industrial cooperation and promote industrial upgrading.

According to Xu Ningning, the China ASEAN Business Association will organize the "maritime Silk Road business opportunity expedition" in mid July, leading the relevant textile and garment industry leaders to visit ASEAN countries. One of the purposes is to explore the opportunities for cooperation between China and ASEAN to create regional integration.

Over the past year, the economic and trade cooperation between China and ASEAN countries has been promising since China put forward a major initiative to build the maritime Silk Road in twenty-first Century. The China ASEAN Business Association (CABA) is an important platform for promoting bilateral economic and trade cooperation between China and ASEAN countries. China ASEAN Industrial Cooperation Docking with the industry as one of the priorities.