July 21, 2019

Sichuan Electromechanical Export ASEAN Business Opportunity

Wenhui Newsletter "An 8-inch wire cutter is only about 5 yuan/hand in China, and sold to ASEAN countries such as Thailand. The price can reach 30 yuan/hand."

As the highlight of the first China Western Hardware and Electromechanical Expo, the "Second China Western Hardware and Electromechanical Development Strategy Seminar" was held in Rong. Wang Xiaoqi, director of the Institute of Regional Economics of the Provincial Academy of Social Sciences, pointed out that the industrial bases of some ASEAN countries are relatively weak. Most of their hardware and electrical products come from China, and the prices of products are many times higher than those of the Chinese market. He reminded Sichuan hardware and electromechanical businessmen to seize the opportunity to expand exports to ASEAN countries as soon as possible. "In the next 10 years, ASEAN will invest 150 billion U.S. dollars in infrastructure construction alone."

Wang Xiaoqi said that the "China-ASEAN Comprehensive Economic Cooperation Framework Agreement on Goods Trade Agreement" has been implemented on July 1, and 7,000 kinds of commodities, including hardware and mechanical products, have begun to cut tariffs and open up markets to each other. "The natural connection between the West and ASEAN has made Western hardware and electrical enterprises expand their exports to ASEAN countries, reduce the cost of importing ASEAN raw materials, parts and equipment, and increase investment in ASEAN and undertake international industrial transfer. Good advantage."

It is reported that at the first China Western Hardware & Electromechanical Expo, Thailand, Vietnam, Myanmar, Laos and other ASEAN countries formed a purchasing group respectively, and made a special trip to Chengdu to connect with Sichuan electromechanical merchants. At present, the western region has become one of the largest hardware and electrical industry bases in China.