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Bag Foreign

2009 Bags of Guangdong's exports decreased by 11.3% over the same period last year

Guangzhou Customs statistics show that published In 2009 total exports of bags of five billion U.S. dollars in Guangdong, compared with a year earlier (the same below) decreased 11.3%.
Since 2009, exports continued to slump in bags of Guangdong from May for eight consecutive months of year on year decline in exports, and the monthly drop in the expansion. Among them, exports from December to U.S. $ 490 million, down 31.6%. In 2009, exports from Guangdong U.S. bags $ 1.36 billion, down 5.6%, exports to 1.23 billion U.S. dollars from the EU, down from 10.5% in exports Hong Kong U.S. $ 690 million, down 15.7% in the three markets above together accounted for the same period exports of Guangdong bags of the total value of 65.5%.
Analysis of Customs in 2009 show a downward trend in exports of bags Guangdong export recovery is still face three major constraints.
- Barriers to Trade is very dark. As the chain the lower-end value-added industry, traditional industries of labor, the baggage of China abroad frequently, the anti-dumping investigations. In February 2009, Nigeria ban some Chinese products, and travel bags; Mars Turkey's decision on imports from the Chinese side of the luggage to implement control and in April, Mexico, proposed that China and some Chinese imports of goods Travel and conducting anti-dumping bags of a gradual increase in trade barriers affecting exports of Guangdong Province luggage.
- The luggage industry has not established its own brand, the absence of a systematic production. Guangdong bag industry in design innovation, brand building, marketing, staff training and therefore lack the necessary inputs, which still survive in the low-end market, lack of opportunities and develop strong brands, coupled with the progress of business to create their Slow own brands, the ability to withstand market risk, operational risk is obviously lower.
- The financial crisis has led to a risk increased foreign trade. The financial crisis has led to deteriorating working conditions of foreign importers, exporters of bags to reflect the current foreign importers to delay the delivery orders, the temporary reduction in the number, do everything possible to return the situation requires more Increasingly, the same phenomenon repudiation repudiation. The increased risk in the enterprise, while the export activities, China Export & Credit Insurance Although the increase in the intensity of the coverage of export credit insurance, but it is difficult to meet business needs. About the Author

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