Fujian Enterprises To Seize New Business Opportunities In Latin American Exports
Recently, Inspection and Quarantine Bureau of Xiamen Xiangyu Inspection Services Branch Office of the nations of Xiamen Xing Trade Co., Ltd. Box 61, Peru, the export value of 3075 U.S. dollars of the screw in Peru FTA issued a certificate of origin. March 1, “China – Peru Free Trade Agreement” after the official implementation, Peru, zero export tariff screws. 10000 A country business executives said that while the bid a certificate of origin should be in Peru to customer requirements, but did not expect preferential certificate of origin with access to such a tariff reduction.
Peru free trade agreement on goods trade, service trade and investment, and to others. Province light industry, electronics, home appliances, machinery, automobile, chemical, vegetable, fruit and other traditional export products of Peru’s edge, secret of the fishmeal, minerals, fruits, fish, etc. are to benefit from the tariff reduction arrangements. From the Provincial Economic and Trade Department data show that the implementation of an agreement on the province of the Peruvian export 60.25 million U.S. dollars, up 76.78 percent.
In recent years, Latin American countries have signed trade agreements with China and reduce trade barriers, reduce tariffs, open up the Latin American market for the province to create business opportunities. October 1, 2006, China – Chile Free Trade Agreement implementation. 2007, 2008, the province’s imports and exports to Chile increased 41.01%, respectively, 37.3%; even last year, our province’s import and export growth in Chile is still up to 18%. At present, China and Costa Rica also completed the establishment of the joint FTA feasibility study. In addition, China has signed 15 economic and trade agreements in Latin America, with 12 countries to sign investment protection agreement with the seven countries signed agreements to avoid double taxation. The signing of these agreements, but also drives the province’s export and import growth in Latin America an important factor.
Department of Foreign Trade, said the person, Latin America is the focus of our province in recent years to develop the emerging markets. From 2003 to 2008, our province’s exports to Latin America increased from 685 million U.S. dollars 3.556 billion U.S. dollars, an annual increase of 39%, higher than the provincial average annual export growth of 17 percent; province imports from Latin America increased from 519 million U.S. dollars to 1.851 billion U.S. dollars, an annual increase of 28.98 percent, higher than the provincial average annual increase of 14.6 percent of imports. Despite the financial crisis last year, the province remains with the Latin American import and export volume increased by 2.2% year on year. Latin America has become the province’s sixth largest import and export market.
View from their respective comparative advantages, complementarity of our province and the Latin American countries significantly. Weak basic industries in Latin America, the traditional advantages of our province textile goods exported to Latin America has an advantage. Textile, clothing, shoes, bags, plastic is the province currently spend hundreds of millions of Latin American exports of traditional commodities, Class 5, 2003 to an average annual increase of 24.67 percent last year, with exports amounting to 1.373 billion U.S. dollars last year, representing our province on the Latin American exports, accounting for 41.52%.
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