Indonesian Investment Promotion Conference Held In Guangzhou

The Indonesian investment promotion conference, jointly organized by the Consulate General of Indonesia and the Guangdong provincial council for promoting trade in Guangzhou, was held in Guangzhou. At the meeting, the Indonesian investment co ordination minister invited Guangdong entrepreneurs to invest in Indonesia.

According to the director general of Indonesia's investment co ordination department, Indonesia now has five major projects to invite Chinese entrepreneurs to invest.

First, the manufacturing industry, including chemical industry, electronic and electrical appliances, and export oriented.

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And so on; the two is the infrastructure industry, including power stations, airports and ports; the three is agriculture, animal husbandry and planting; four is the marine industry, including the fishing and shipbuilding industries; the five is the tourism industry, including the Chinese tourist special economic zones and industrial zones.

It is understood that in 2015 China and

Total trade volume reached 44 billion US dollars. China has become Indonesia's third largest export destination and largest source of imports.

Last year, trade between Guangdong and Indonesia amounted to US $11 billion, accounting for 1/4 of the total trade volume between China and Indonesia.

In the global trade downturn, the trade volume between Guangdong and Indonesia reached -5 in January of this year, and the economic and trade prospects of the 4 billion 300 million places were broad.

Indonesia's Consul General in Guangzhou said that in order to help speed up economic development, the Indonesian government has issued a series of deregulation measures to promote investment and exports.

She said that this is the best time for Chinese entrepreneurs to invest in Indonesia.

Gu Shaoming, chairman of Shenzhen Bao Ying group, shared the experience of investing in Indonesia with Guangdong entrepreneurs.

He pointed out that he should jointly invest with overseas Chinese or local enterprises in China to establish overseas subsidiaries or share local businesses, and choose China's "go global" private sector enterprises to invest in mergers and acquisitions.

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Recently, the European Union and the United States have introduced new regulations on textiles and home textiles exports.

Textile and clothing is an important export product of Jiangsu. The European Union and the United States are also the major exporters. The new regulations will have a significant impact on the relevant export enterprises.

The EU regulation No. twenty-sixth issued in 2016 has restricted the content of nonylphenol polyoxyethylene ether (NPE) in textile products.

Regulations require that NPE content in textile products should not exceed 0.01%.

The pitional period of the regulation is 5 years. After the expiration of the pition period, products that do not meet the requirements will not be allowed to be sold or imported in the EU market.

NPE is the most commonly used detergent and dyeing auxiliaries in the textile industry, accounting for more than 80% of the market share of our country. At present, more than half of the textile products in the market can not meet the new EU standards, or will face the elimination of risk, among them printing, leather, chemical fiber enterprises are the most outburst.

In order to comply with the new regulations of the EU, manufacturers need to upgrade and upgrade processes such as bleaching, dyeing and washing. The difficulty of parameter control is increasing, which is likely to lead to higher production costs.

At the same time, the cost of raw materials and testing will increase by 10% to 30%.

It is understood that although the EU has given a 5 year pition period, there are already EU customers asking textile enterprises to test the export products with new standards, and some products and enterprises will be out in advance.

Coincidentally, the seventeenth edition of the restricted substances list (RSL) released by the US Association of textiles, clothing and footwear has listed 12 categories of restricted substances of over 250 garments, footwear and home textiles.

The relevant inspection and quarantine organs reminded relevant export enterprises to pay close attention to and follow the progress of the new regulations of the EU and the United States, take the initiative to formulate countermeasures, make full use of the pition period of the new regulations, do well in the research and development of the restricted material substitution products, and at the same time, further strengthen the quality control level, especially in the process of raw material procurement and production, so as to ensure that the export products comply with the laws and regulations and the contract requirements of the importing countries.