Chinese Steel Market In The Asean Association Of Southeast Asian Nations To Find A Competitive Raw

With the China - ASEAN Free Trade Area of theSurin said that China has become one of ASEAN's
completion of the development of bilateral trademajor trading partners, hoping to drive economic
potential for complementary increasingly prominentgrowth in China's subsequent economic growth in
and complementarity between China and ASEANASEAN.
bilateral trade will greatly enrich the domestic market.He said that China needs to import from the ASEAN
ASEAN countries, high cost of steel production,market, a large number of parts and goods, ASEAN
capacity planning, China's steel exports to provide ais now China's economic development in the supply
broad market space. Meanwhile, China imported fromline. January 1, after completion of a formal free
ASEAN, crude oil, refined oil, plastic raw materials,trade area, ASEAN and China will further strengthen
natural rubber, iron ore and coal and othereconomic and trade cooperation, the two sides will
energy-based products, which can effectively solvefurther reduce trade tariffs, and mutual investment
the lack of Chinese production of raw materials andwill be more free.
energy gap dilemma.Surin said ASEAN hopes to attract more direct
Surin said the ASEAN Secretary-General:investment from China. In recent years, ASEAN to
Association of Southeast Asian Nations in Chinaattract rapid growth of foreign investment,
The development of the supply lineaccounted for 10% of total investment around the
China - ASEAN Free Trade Area with the New Yearworld, including investments from China increased
bell ringing in 2010 formally established, it is therapidly. In addition, China and ASEAN tourism market
history of relations between China and ASEANis also developing rapidly, the two sides to strengthen
milestone in regional cooperation in Asia and the worldtechnical cooperation to enhance each other's
has epoch-making significance.strength and competitiveness. Overall, China and
The formal completion of the FTA, not only meansASEAN cooperation in various areas are in
that a has a population of 1.9 billion gross domesticsimultaneous development progress.
product of almost 6 trillion trade volume reached 4.5He said that China now exports more to the
trillion U.S. dollars, by developing a free trade zoneAssociation of Southeast Asian Nations, ASEAN
composed of eye-catching in the new year born alsoexports to China should be less. Association of
marks another China-ASEAN relations substantiveSoutheast Asian Nations hopes the two sides can
upgrading of regional cooperation is mutually beneficialreach a balance, only the balanced development of
and win-win model.China and ASEAN can be truly comprehensive,
Investment: Association of Southeast Asian Nations isequitable development opportunities.
the enterprises "going out" one of the preferredVietnam
China - ASEAN Expo Secretariat, theVietnam-China trade rose contrarian
Secretary-General, the Secretary of Guangxi ZhengVice President of Vietnam Chamber of Commerce
Junjian description Expo International Affairs, China -section of the exclusive interview with Victoria Jiang
ASEAN Free Trade Area launched, China's averagesaid that in recent years, Vietnam and China's
tariff on ASEAN from the previous 9.8% to 0.1%;increasingly close economic and trade cooperation,
while the old members of ASEAN 6 countries Brunei,China - ASEAN Free Trade Area of completion will no
Indonesia, Malaysia, the Philippines, Singapore,doubt further promote the comprehensive
Thailand, China's average tariff from 12.8% to 0.6%,development of Vietnam-China economic and trade
4 new members Vietnam, Laos, Cambodia andcooperation.
Myanmar, 90% of the goods will be zero tariffs byDUAN Wei Jiang said that Vietnam and China have
2015 .had good political and economic relations in recent
At present, China has become the third largestyears, China has been Vietnam's biggest trading
trading partner of ASEAN, and ASEAN has becomepartner. 2009, by the financial crisis, the global
China's fourth largest trading partner. And goodsemergence of trade decline, Vietnam to the United
trade, China - ASEAN trade and investmentStates, Europe and Japan overall decline in the
development into the fast lane. ASEAN countries,volume of trade, but the more the contrarian and the
Chinese enterprises "going out" one of choice. Involume of bilateral trade, expected to reach 20 billion
2008, China's direct investment in ASEAN countriesU.S. dollars.
reached 2.18 billion U.S. dollars, up 125% over theMalaysia
previous year.Hope that the RMB to the ASEAN
ASEAN investment in China has maintained rapidMalaysia's Bank of China, General Manager and
growth momentum. Department of CommercePresident of the Malaysian Chinese Enterprises
statistics show that as of the end of 2008, ASEANAssociation in Kuala Lumpur recently, said Zheng
countries 52 billion U.S. dollars investment to China,Jingbo, China - ASEAN Free Trade Area was
accounting for China attracted a total of 6%.established in the two countries will promote rapid
Asean Secretary-General: ASEAN hopes boosteconomic development.
economic growth in ChinaZheng Jingbo that the establishment of the FTA will
ASEAN Secretary General Surin recent interview thatprovide RMB business to open up a wider world,
China and the ASEAN economies are highlybecause the RMB is a relatively stable currency, for
complementary, the FTA will benefit both sides. Inthe development and settlement of bilateral trade to
addition, East Asia will become the locomotive ofprovide a better cost control selection, this is Both
global economic recovery, the completion of the FTAsides look forward to what businesses in general. He
will help the world economy out of crisis as soon assaid the yuan to trade in Southeast Asia and Malaysia
the haze.will have a positive impact.