China's textile industry to enter the ASEAN market ready?
In Europe and the United States on the three traditional main market has been dubbed the "fragile recovery", the ASEAN market, continued strong recent performance. This brings a surprise, but also triggered a guess: as China – the ASEAN Free Trade Area of the full swing, the number of textile exports as new space?
Data show that 1 to 2 months, China's exports to ASEAN amounted 18.69 billion U.S. dollars, up 52.9%. In textiles, the ASEAN has emerged as China's fourth largest trading partner. In January, for example, textile and apparel exports totaled 965 million U.S. dollars, up 58.9%, the growth rate far higher than other export markets. It is estimated that in January the exporter of textile and garment export to China increased by 2.38% as the contribution brought in the largest proportion of the ASEAN market, stimulating exports increased 2.44 percentage points.
In fact, the export potential of the ASEAN market, many companies have already begun preliminary planning ahead.
"Companies have long been thought to open up the ASEAN market, a special meeting to discuss end of last year, this year more than ready to take part in local exhibitions, use of existing customers to develop further." Recently, Jiangsu Guotai Trade Development Group, Mr. Zhou told the newspaper reporters, introduced. The second half of last year, Cathay Pacific's fabric exports to Vietnam increases have been very obvious.
Mr Zhou also said that the current base of textile exports, ASEAN is not big, the preferential FTA will take time to digest, role and will not be immediate.
Further understand that journalists, the Cathay Pacific Group's products are exported to ASEAN, mainly yarns and fabrics, garments and other finished products is relatively small. For this product structure, the first editor of the textile net forward Wang said that at present, the major ASEAN imports from China more raw materials and intermediate products, which reflects the mutual economic complementarity, with most ASEAN countries, the economy rebounds, the future China's textile exports are expected to be support new growth.
Ms Wu of China Textile Import and Export Chamber of Commerce believes that the future of the ASEAN market will be growing, but the rate will not be too much.
"Thailand and Malaysia was the first member of zero tariff preferential imports are not many, and Vietnam, countries with large imports have yet to enjoy tariff concessions." Ms Wu said further analysis, the effective recovery of the ASEAN market still have to look to Europe and the United States economy, the real rebound. "Because the face of ASEAN and China is a big market with the ASEAN countries, the main end products are exported Europe and America."
The Association of Southeast Asian Nations will rise if an impact on China's textile exports, the two experts agree that China's textile industry has great advantages of industrial clusters, more complete supply chain can respond faster to market changes. Vietnam and other countries are only one part of an advantage in many raw materials are still imported from China, so the overall strength of China's textile industry still can not be replaced.
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