Yiwu Enterprises Find Opportunities To Become Sources Of Entry

Yesterday, I learned from the Yiwu foreign trade and Economic Cooperation Bureau that from May to May this year, the amount of products imported from Yiwu amounted to US $28 million 770 thousand, an increase of 66.75% over the same period last year. From the data point of view, Taiwan has become the first largest product import place in Yiwu. The second largest source of imports is Italy, which imported $20 million 470 thousand in May.

Another news that has received much attention from investors is that the "Cross Strait Economic Cooperation Framework Agreement" (ECFA) was formally signed in Chongqing the day before yesterday. According to the agreement, the two sides will carry out tariff adjustment for hundreds of import and export products, and achieve zero tariff in the early harvest products in 3 steps in less than two years.

The staff of the Yiwu Municipal Bureau of foreign trade and economic cooperation believe that " ECFA "It will bring closer economic and trade ties between Yiwu and Taiwan. In the future, Yiwu residents can buy cheaper Taiwan products, and Yiwu enterprises can also find more investment opportunities.

Taiwan biscuits fruit cheaper

"Once the details of the agreement are implemented, the tariff cost can be greatly reduced." Gao Longlong, manager of Le Meng, Yiwu International Trade City, has been paying close attention to the progress of "ECFA" these days. He noticed that the Taiwan food that the company runs may also be on the list of tax reduction.

One of the highlights of "ECFA" is that, according to the early harvest plan, the mainland will reduce taxes on 539 products originating in Taiwan, including ten categories: agricultural products, chemical products, machinery products, electronic products, auto parts, textile products, light industrial products, metallurgical products, instruments and meters, and medical products.

"Le Meng" is a strong chain organization in Taiwan. In the year before last, stationed in Yiwu, mainly engaged in products such as Taiwan, Japan and Bali. Gao Longlong said that according to the current standard, the tariff cost of Taiwan biscuits, melon shells and other foods accounted for about 20%~50% of the total price. Once the framework agreement is formally implemented, the price of imported products will be greatly reduced because of tariff avoidance. For example, in Taiwan, selling 3 yuan / box biscuits, mainland China may sell 5 yuan / box, after the tariff is removed, the price may be reduced to 4 yuan / box.

In terms of agricultural products, the agreement involved 18 tax cuts from Taiwan, including pitaya, orange, tea, saury, Wen Xinlan cut flower and Flammulina velutipes. For the people of Yiwu, they can eat more fresh and cheap Taiwan fruits in the future.

Yiwu enterprises want to find business opportunities.

After the "big three links", Yiwu and Taiwan Economy and trade Close contacts. The newly signed "ECFA" has ushered in a new business opportunity for Yiwu enterprises. In a few days, Chen Haofeng, President of Yiwu Danxi liquor industry, will go to Taiwan to discuss the production and production of Monascus biscuits with the Taiwan brewing company. He plans to introduce the production technology and production line of Taiwan red koji biscuits to Yiwu and develop the functional biscuit market. He said that after the project was completed, import equipment could benefit directly from the EC-FA agreement.

In addition to imports, Yiwu enterprises are equally capable of investing in exports and Taiwan. According to statistics, Yiwu's exports to Taiwan amounted to US $5 million 660 thousand in 1~5 this year, an increase of 371.53% over the same period last year.

"Has the tariff been adjusted? I have to pay close attention to it." Ms. Hu, who manages horticultural machinery products in Yiwu International Trade City, has been concerned about mainland investment policies since last year. Her company plans to enter the Taiwan market and expand product sales.

Gao Longlong said that the company's window in Yiwu not only sells imported products, but also functions in the market. Yiwu Collect all kinds of products, send them back to Taiwan Head Company, and then dispatch them by the head office. The reduction in tariff costs may lead to an increase in the volume of purchases.

The staff of the Yiwu foreign trade and Economic Cooperation Bureau revealed that private enterprises in Yiwu will find more business opportunities after Taiwan and Yiwu have reduced their economic and trade costs.