Gao Yan, deputy minister of the Ministry of Commerce, said that at present, six old members of China and ASEAN have implemented zero tariffs on more than 90% of their products, and four new members of ASEAN will achieve this goal in 2015.
This means that the trade development between China and ASEAN will rise to the next level. According to statistics, in the first half of this year, the bilateral trade volume between China and ASEAN reached 210.56 billion US dollars, and China has become the largest trading partner of ASEAN.
As the main part of China-ASEAN trade, China’s exports of ASEAN’s mechanical and electrical products account for more than half of China’s total exports to ASEAN. Therefore, the further improvement of bilateral trade self-destruction will create a more relaxed export of China’s mechanical and electrical products. surroundings. Gao Yan said that the proportion of mechanical and electrical products in bilateral trade between China and ASEAN is gradually increasing.
The free trade zone is fully completed
Gao Yan disclosed the above information at a press conference on the 10th anniversary of the establishment of China-ASEAN strategic partnership held on July 23.
According to official sources, in November 2002, China and ASEAN signed the China-ASEAN Comprehensive Economic Cooperation Framework Agreement, marking the official start of the process of establishing a free trade zone between China and ASEAN.
On January 1, 2010, the China-ASEAN Free Trade Area was completed as scheduled. China has achieved zero tariffs on more than 90% of the products imported from 10 ASEAN countries. The six ASEAN members have also realized more than 90% of their imports from China. Zero tariff. The four new ASEAN members will achieve this goal in 2015. Gao Yan said at the meeting.
ASEAN also proposed the ASEAN Community, which will achieve economic integration in 2015, to further overcome barriers such as tariffs, trade and personnel movements in the region.
According to reports, from 2002 to the present, the bilateral trade volume of China-ASEAN has increased from 54.767 billion US dollars to 400.1 billion US dollars in 2012, an average annual increase of 22%, 7.3 times that of 2002. China has become the largest trading partner of ASEAN, and 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 worth noting that China’s situation of a large trade deficit with ASEAN has changed since 2012. Last year, the bilateral trade volume of China's ASEAN was 400.1 billion US dollars, of which China's exports were 204.3 billion US dollars, and the mouth of the country was 195.8 billion US dollars. The Chinese surplus was 8.5 billion US dollars, accounting for 2% of bilateral trade.
According to official data, before this, China's trade deficit with ASEAN accounted for about 15% of bilateral trade. In individual years, it even reached about 20%. For example, in 2003 and 2004, China's trade deficit was US$16.4 billion and 201 respectively. One hundred million US dollars accounted for 21% and 19% of the total bilateral trade in that year.
Gao Yan analyzed that the trade imbalance between China and ASEAN countries was caused by the trade transfer between ASEAN and several countries after the establishment of the free trade zone. She also said that China will take active measures to expand imports from ASEAN countries.
The specific measures include the following three aspects: First, promote cooperation with ASEAN in the areas of customs and quality inspection, and improve the level of trade facilitation; second, actively promote the export of agricultural products to relevant countries, and organize timely trade and investment promotion activities to ASEAN countries. The third is to take advantage of the opportunities of the China-ASEAN Expo and other exhibitions to provide opportunities for ASEAN companies to export to China.
Rapid growth in exports to emerging markets
At the press conference on July 23, Gao Yan also pointed out that the proportion of mechanical and electrical products and high-tech products in the bilateral trade between China and ASEAN is gradually increasing.
In fact, customs data shows that from 1996 to 2012, the year-on-year growth rate of China's import and export of mechanical and electrical goods was higher than that of China's foreign trade growth during the same period, and it has become a powerful driving force for China's rapid trade growth. As the main commodity of China's import and export, the trade volume of mechanical and electrical products accounts for more than 50% of China's total foreign trade goods.
From the perspective of trade market, the import and export market of China's mechanical and electrical products is mainly concentrated in the United States and Europe, ASEAN and Japan and South Korea, and the market concentration is high. Among them, the performance of emerging markets is particularly prominent.
According to customs statistics, in 2012, the total exports of China's mechanical and electrical products to the United States, the European Union (27 countries), ASEAN and Japan accounted for 50.48% (compared with 52.17% in the same period of last year); the import source of the EU, Japan, South Korea and ASEAN ranked in the top four, accounting for 59.60% (compared with 62.46% in the same period of last year). Although it has declined compared with the same period of the previous year, the market concentration has remained at a high level.
It is worth mentioning that in 2012, China's exports of electromechanical products to emerging markets such as ASEAN and South Korea maintained a high growth rate of around 15%. According to statistics, in 2012, China's exports of mechanical and electrical products to ASEAN amounted to 104.286 billion US dollars, an increase of 18.5% over the same period of the previous year. Moreover, the idle speed in 2011 was as high as 19.4%.
The reporters sorted out customs data and found that in terms of mechanical and electrical products, countries with large trade volume between China and ASEAN include Indonesia, Malaysia, Malaysia, Singapore, Thailand and Vietnam. Among them, Thailand is the largest importer of mechanical products, and Malay West is the largest importer of electronic products.