China's export ratio of mechanical and electrical products gradually increased
Vice Minister of Commerce Gao Yan said recently that China and ASEAN six old members of the product has more than 90% of the zero tariff, with four new members of ASEAN in 2015 to achieve this goal.
This means that China and ASEAN's trade development will be higher. According to statistics, the first half of this year, bilateral trade between China and ASEAN reached 210.56 billion US dollars, China has become the largest trading partner of ASEAN.
As the main part of the trade between China and ASEAN, China's exports to ASEAN accounted for more than half of ASEAN's total exports. Therefore, the further improvement of the level of bilateral trade liberalization will create a more relaxed environment for the export of electromechanical products . Gao said that the proportion of electromechanical products in bilateral trade between China and ASEAN is gradually increasing.
Free trade area fully completed
Gao Yan disclosed the above information at a news conference on the 10th anniversary of the establishment of China-ASEAN strategic partnership on July 23rd.
From the official data, in November 2002, China and ASEAN signed the "China-ASEAN Framework Agreement on Comprehensive Economic Cooperation", marking the establishment of China and ASEAN Free Trade Area of the process was officially launched.
China-ASEAN free trade area was built on schedule, China's imports of ASEAN 10 countries more than 90% of the products to achieve zero tariff, ASEAN 6 old members of China imports more than 90% of the products to achieve zero tariff. Four new ASEAN members will achieve this by 2015. Gao Yan said at the meeting.
ASEAN has also proposed to achieve economic integration in 2015, the ASEAN Community, to further overcome the region's tariffs, trade, personnel mobility and other obstacles.
According to reports, since 2002, bilateral trade between China and ASEAN from 54.767 billion US dollars in 2012 to 400.1 billion US dollars, an average annual increase of 22% in 2002, 7.3 times. China has become ASEAN's largest trading partner, while ASEAN is China's third largest trading partner, while maintaining China's fourth largest export market and the second largest source of imports.
It is noteworthy that China has a large number of ASEAN trade deficit over the years from 2012, the situation has changed. Last year, bilateral trade between China and ASEAN reached 400.1 billion US dollars, of which China's exports were 204.3 billion US dollars, imports 195.8 billion US dollars, the surplus of 8.5 billion US dollars, accounting for 2% of bilateral trade.
According to official sources, China's trade deficit with ASEAN was about 15% of the bilateral trade volume in previous years, and even reached 20% in some years, such as 2003 and 2004, China's trade deficit was US $ 16.4 billion and 201 respectively Billion, accounting for 21% of the total bilateral trade and 19%.
Gao Yan analysis, when trade imbalance between China and ASEAN countries is ASEAN and a number of countries after the completion of trade frictions arising from the transfer. She also said that China will take positive measures to expand imports from ASEAN countries.
Specific measures include the following three aspects: First, to promote and ASEAN to strengthen cooperation in customs, quality inspection and other fields to improve the level of trade facilitation; the second is to actively promote the countries concerned to export agricultural products, timely ASEAN trade groups to promote trade and investment activities ; Third, the use of China-ASEAN Expo and other opportunities for ASEAN exports to China enterprises to provide the opportunity to showcase.
Rapid growth in exports to emerging markets
In the July 23 conference, Gao Yan also pointed out that the electromechanical products and high-tech products in China and ASEAN bilateral trade in the proportion is gradually increased.
In fact, the customs data show that from 1996 to 2012, China's import and export of mechanical and electrical goods year on year growth rate higher than the same period of China's foreign trade growth has become a driving force for rapid growth of China's trade power. As China's import and export of major commodities, mechanical and electrical products trade volume in China's total foreign trade goods in the proportion of more than 5 percent.
From the trade market, China's import and export of electromechanical products market is mainly concentrated in the United States and Europe, ASEAN and Japan and South Korea, market concentration is high, of which the performance of emerging markets is particularly prominent.
According to customs statistics, in 2012 China's exports of electromechanical products to the United States, the European Union (27 countries), ASEAN and Japan accounted for 50.48% (52.17% over the same period last year); the source of imports in the EU, Japan, ASEAN ranked the top four, accounting for 59.60% of the total (compared to 62.46% a year earlier), although compared with the same period last year have declined, but the market concentration remains high.
It is worth mentioning that in 2012 China's emerging markets such as ASEAN and South Korea to maintain exports of machinery and electronic products about 15% of high-speed growth. According to statistics, in 2012 China's exports of electromechanical products to ASEAN was 104.286 billion US dollars, representing an increase of 18.5% over the previous year, and in 2011 the growth rate as high as 19.4%.
Reporter combed the customs data found that in the electromechanical products, China and ASEAN trade volume of the larger countries, including Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam. Among them, Thailand is the largest importer of machinery products, Malaysia is the largest importer of electronic products.