Russia Joins WTO To Promote The Development Of Xiaoshan'S Textile And Garment Industry

In August 23rd, the World Trade Organization (WTO) ushered in 156th member states (regions).

。

Xiaoshan enterprises in Zhejiang have been positive about this market and have expressed their interest in this market.

Russia has become a major emerging market in Xiaoshan.

Russia is currently the ninth largest export market in Xiaoshan.

According to the data provided by Hangzhou customs office in Xiaoshan, the total volume of imports and exports of Xiaoshan to Russia in 1~7 months this year is 150 million US dollars, an increase of 4.85% over the same period last year, of which 126 million US dollars were exported, an increase of 26.8% over the same period last year, which is 26.6 percentage points higher than the average export growth in the whole region.

In the current situation of severe foreign trade, such an increase is quite alarming.

Xiaoshan District Commerce Bureau Foreign Trade Division staff told reporters that at present, Xiaoshan's export growth to Russia is the first in all markets.

There is no doubt that Russia has become a major emerging market in Xiaoshan.

As the world's emerging economies, Russia's domestic market demand is huge.

Import sanitary ware, auto parts and accessories from Xiaoshan every year.

And so on.

The main product is Xiaoshan's traditional superior products.

Clothing, such as

Dyed cloth and so on.

Among them, 1~7 months, the down jacket export was close to 10 million US dollars, up nearly 30% compared with the same period last year.

Xiaoshan imported raw materials such as caprolactam from Russia.

It is easy to see that Xiaoshan and Russia have strong complementarity in import and export.

After joining the WTO, Russia will be more open.

For Russia after joining the WTO, many foreign trade enterprises in Xiaoshan are optimistic about this market.

Russia will become more open and open after WTO entry.

It will modify or abolish prohibitions, permits and authorisation which do not conform to WTO rules.

This will be a huge market. "

This is generally accepted.

At present, there are no products exported to Russia, but they are very optimistic about this market.

"Russia is lacking in light industry, but Xiaoshan has this advantage.

In particular, clothing manufacturers such as ours will be able to make effective development in Russia through this opportunity, combined with their own manufacturing strength.

Han Bo people told reporters.

Tariff reduction reduces export costs to Russia

Russia's accession to the World Trade Organization and its import and export tariffs should be reduced accordingly. This is undoubtedly a major positive news for many Russian trading enterprises in Xiaoshan, Zhejiang.

A staff member of the Hangzhou customs office in Xiaoshan analyzed to reporters that from the import side, the reduction of tariff barriers after WTO entry will surely reduce the cost and competitiveness of Xiaoshan products exported to Russia.

Although Xiaoshan's textile industry,

Russia is growing fast, but furniture, bedding and other superior products are still short of concern for the Russian market and have great potential for development.

"At present, many enterprises in Xiaoshan have exported to Russia, and for these enterprises, they have already made the first move."

Xiaoshan District Business Bureau official said.

For other export enterprises, it is possible to enter the Russian market as soon as possible to investigate and form a scientific and rational market development plan. At the same time, they can also participate in exhibitions in Russia, expand overseas marketing channels, and achieve new strategic layout.