Chongqing complementarity with ASEAN to enhance trade

China and ASEAN under the "trade in goods agreement" stipulates that from July 20, 2005, China and the ASEAN's ten member states started a phased tariff reduction process of tariff reductions. January to July this year, Chongqing bilateral trade with ASEAN countries to benefit significantly, Chongqing steady growth in exports to ASEAN, ASEAN imports from high-speed growth, reversing last year, both import and export trade with ASEAN downward trend. According to Chongqing Customs statistics, in January-July this year, Chongqing Municipality, import and export trade with ASEAN 310 million U.S. dollars, the same period last year (the same below) growth of 33.1 percent, of which imports 38.36 million U.S. dollars, an increase of 1.4 times and exports 270 million U.S. dollars, an increase of 25.1%. Import and export of the characteristics of outstanding performance in areas of comparative advantage for products of mutual output pulling effect on the growth of bilateral trade significantly.

First, resource-based products, growth in imports of primary products is the main

January to July this year, Chongqing imported goods from ASEAN, the 7.21 million U.S. dollars of imports of agricultural products, mainly dry goods for the cassava, palm oil, imports of agricultural products last year to zero. Asphalt 4.38 million U.S. dollars of imports, imports of the same period last year to zero, natural rubber imports of 3.88 million U.S. dollars, an increase of 1.6 times Diols, terephthalic acid, and air conditioners, freezers and refrigeration equipment and other commodities as well as imports from ASEAN Add goods, four Total 7,540,000 U.S. dollars of imports.

Second, motorcycles, steel, aluminum and other commodity exports growth highlights the advantages of Chongqing manufacturing industry

Chongqing Municipality in 2005 motorcycle serious decline in exports to ASEAN, up 38.3 percent decline. January to July this year in Chongqing motorcycle exports to ASEAN to restore growth, the export value of 78.52 million U.S. dollars, an increase of 24.2 percent and motorcycle parts exports 23,650,000 U.S. dollars, an increase of 39.2, motorcycle exports growth of Chongqing's export trade with ASEAN contribution rate for 39.9 percent. Over the same period, steel, aluminum exports to ASEAN 11,940,000, 11,430,000 U.S. dollars, increased by 6.9 times, 28.4 percent, transformers exported 8.04 million U.S. dollars, an increase of 90 times, textile and garment export 6.95 million U.S. dollars, an increase of 53.2 percent, pharmaceuticals exports 387 10,000 U.S. dollars, an increase of 1.9 times.

Dongfeng through tariff reduction, Chongqing and ASEAN economic and trade exchanges was the good momentum of development and prosperity. Import of agricultural products, minerals and other resources in the ASEAN advantage of the introduction of products to broaden the scope of the import trade of goods, Chongqing started to enjoy tariff reduction brought about by free trade zone concessions, the export side, Chongqing in the manufacturing, chemical pharmaceutical industry's advantage of further play, the two sides to further strengthen trade complementarity. With the deepening of tariff reduction process between China and ASEAN's ten member states to reduce tariffs on each other will further expand the range of goods, tariff rate will also be gradually increased. Chongqing enterprises should pay full attention to the "Trade in Goods Agreement" provides that understanding, a high degree of concern about the tariff reduction process caused by changes in the market.