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Shandong-ASEAN Trade Value Up 3.3% in Jan.-July 2012

Author:Qingdao Customs of China

Release Time:12/03/2012

Price: $58 $29

Attention Rcvd:

According to the statistics by Qingdao Customs, in the first 7 months 2012, Shandong province trade with the ASEAN totaled USD 17.96 billion, up 3.3% year-on-year; therein, Shandong exports to ASEAN reached USD 6.06 billion, down 5.8% year-on-year, and imports from the ASEAN USD 11.9 billion, up 8.7% year-on-year.

1. Notable Matters:

(1) The South China Sea disputes often occur, which affect healthy development of economy and trade.

(2) The trade barrier measures are frequently set to restrain the economic and trade development between China and the ASEAN.

(3) High cost reduces competitive advantages; labor-intensive products face fierce competition.

2. Recommendations:

(1) Closely focusing on the ASEAN trading rules; timely communicating with ASEAN governments to reduce the spread of trade friction and actively defuse trade risks.
(To be Continued)......Totally 8 Pages in This Report
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