India Cotton Yarn Import Tariff Will Be Waived.

Chinese President Xi Jinping meets with India's prime minister Modi in Xi'an.

The two sides made important remarks on the strategic need to conform to the trend of history and their respective national rejuvenation, to build closer partnership for development, and to push forward the Sino Indian Relations from "inches" to "miles".

When it comes to the development plan of "one belt and one road", President Xi mentioned that the tariff reduction and exemption of India commodity will be the trend of the times. The same treatment will be applied to ASEAN countries (Indonesia, Malaysia, Philippines, Singapore, Thailand, Brunei, Vietnam, Laos, Burma and Kampuchea).

The necessary conditions for smooth development.

It is understood that since January 1, 2010, more than 90% of the 6 old member countries of ASEAN and China have achieved zero tariffs, and China's average tariff on ASEAN has decreased from 9.8% to 0.1%. ASEAN's 6 old member countries have also reduced the average tariff to 12.8% from China to 0.6%.

By 2015, trade liberalization between China and ASEAN's 4 new members will reach the same level.

As an important power on the "one belt and one road", India is one of the largest cotton producers in the world and one of the largest exporters of cotton yarn in the world. The introduction of tariff relief policy will have a significant impact on the cotton industry in the country.

according to

According to industry sources, during the prime minister's visit to China, Chinese leaders said they would promote the trade of cotton yarn between China and India, and promised to reduce import tariffs on India cotton yarn.

According to an industry source, tariff relief and

Import quota free restrictions, these two advantages will promote the breakthroughs of China's import of India and Pakistan yarn, and will promote the rapid pformation of domestic cotton and textile enterprises.

India has promised to cut import tariffs on cotton yarn in India.

Below is the minimum tariff rate of cotton yarn imported from various countries and regions in China.

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Businesses in Europe and the United States and the Middle East are not doing well. Many shoe companies are turning their eyes to the African market.

According to statistics from Wenling Office of Taizhou entry exit inspection and Quarantine Bureau, as of the end of February 2015, the footwear products exported to Africa by the Wenling Municipality (the African countries which reached the pre shipment inspection agreement with China) reached 37 batches, with an amount of US $2 million 255 thousand, an increase of 428.6% and 446% respectively over the same period last year.

"In the past, Wenling shoe companies always focused on Southeast Asia, the European Union, the United States and other places. But in recent years, under the pressure of the world economy, many shoe companies have begun to move towards this emerging market in Africa."

Taizhou entry-exit inspection and Quarantine Bureau Wenling office responsible person said, now, exports to Africa, Wenling shoe enterprises have more than 20.

It is reported that African customers demand fast updating of shoes and other products, and in addition, the demand for shoes is large in African countries.

It is essential to set up marketing points locally based on the African market.

This is how many shoe companies are trying hard to develop new overseas markets.

These large or small overseas marketing outlets have sprung up in emerging markets, to a large extent, making up for the reduction of orders in traditional markets.

"Many shoe companies in Wenling have set up marketing points directly in Africa, and in today's increasingly thin profits, they avoid intermediate links. This is also a way to maximize profits."

Taizhou salon Footwear Company Limited said that last year, the salon footwear industry exported more than US $1 million to Africa.

"The shoes exported to Africa in Wenling are mostly low and medium grade.

The average price of a pair of shoes is not more than 3 dollars.

A Wenling shoe enterprise boss told reporters.

It is worth mentioning that the African market is surging despite strong momentum.

"Exports of African shoes homogenization vicious competition is more obvious, coupled with the sharp rise in production costs over the past few years, corporate profits are becoming thinner, export price advantage gradually lost, a large number of orders began to flow to Vietnam, Kampuchea, Malaysia and other countries."

Taizhou entry-exit inspection and Quarantine Bureau Wenling office responsible person said.

A well-known sports shoes brand official told reporters that African countries' standards for imported Chinese shoes are not as good as those of Europe and the United States, but as the cost is getting higher and higher and profits are getting thinner and thinner, enterprises must pay attention to this problem.

The relevant departments also reminded that enterprises should still keep a clear understanding of the large increase in the output of non products, and engage in the production of low-end products, which are short-term benefits, which will ultimately be harmful to the long-term development of enterprises and even the pformation of industries.

How to pform the "sunrise industry" from low grade to high technology, high quality and high added value is the next question for Chinese shoe enterprises to ponder.

This is indeed the case.

Despite the rapid growth in China's footwear exports since last year and the sharp rise in orders for enterprises, the export unit price is not high, and the profit margins of enterprises have declined.

In this regard, Dai Jingshui, chairman of Shunchang shoe industry Co., Ltd., Nanan, Fujian, regrets: "since 2013, the unit price of export shoes has been going down all the way. In 2014, it has fallen by at least 3%, while raw materials and labor costs are rising simultaneously, with profits falling by 5%.

In this case, the sales volume of 2014 is rising, but the profit is not even, even worse than 2013. "