Britain Has Great Influence On Keqiao Textile Enterprises.

At present, the British "off Europe" incident seems to have come to an end, but the butterfly effect caused by the incident is far from over.

The shock of the European Union's stock market and the sharp drop in the pound's exchange rate have brought about a series of problems, such as the shrinking of Chinese enterprises' funds.

The problem we are discussing today is the impact of the incident on the import and export market in Keqiao, far from China's textile region.

Reporters visited Keqiao District in 2015

The summary table shows that nearly 500 export enterprises in Keqiao have trade relations with the United Kingdom. Among them, 3 trade companies such as "Qun Tai textile", "Kaiming textile" and "Xinxing foreign trade" have annual export volume of over 10 million US dollars.

Reporters also found that in 2015, Keqiao exported $260 million to the UK, while exports to the EU market were US $1 billion 200 million, occupying about 12% of Keqiao's export market.

It can be seen that the United Kingdom occupies a pivotal position in Keqiao's export market to the EU.

As we all know, the United Kingdom in the European Union and even the European market is a relatively high degree of trade freedom. Therefore, some of Keqiao's exports to Britain are based on the UK as "bridgehead" and then radiate to the United Kingdom.

Other countries and regions.

So, in the face of the big move of Britain's "off Europe", can Keqiao enterprises still be calm? For this reason, relevant officials of the Keqiao District Business Bureau also agree that the economic impact of Britain's off Europe on the EU may affect the export of enterprises.

"For a long time, the EU has adopted the textile and clothing products of China.

And tariff barriers policy, especially tariff barriers, our export enterprises have a 12% to 20% higher tariff burden than European companies.

Today, the United Kingdom has led to Europe and Europe's financial and economic turmoil, which will indirectly affect our textile and clothing exports.

Looking at the overall situation, the impact of the "off Europe" incident on China's economy will start in the short and medium term. In the short term, exchange rate changes may trigger capital outflows.

In this regard, Keqiao enterprises can quietly observe the changes, and continuously enhance their strength in this pitional period, so as to further develop their appearance on the international stage in the future.

But in the long run, the event of Britain's departure from Europe and the split of the EU will bring a new period of strategic development to China, and it will also bring a new pattern to the export of British and EU Keqiao enterprises.

In recent years, the EU has continuously set up trade barriers to China. The EU's split will enable China to gain greater voice and better terms of trade on the stage of international trade.