RCEP Will Bring New Opportunities For Fujian Textile, Footwear And Clothing Industry

East Express (reporter Qi Rong) as one of the series of activities of the 4th 21st century Maritime Silk Road Expo and the 23rd cross strait economic and trade fair, "RCEP new opportunities - International Cooperation Seminar of Fujian textile and footwear industry" was held in Fuzhou yesterday.

This international cooperation seminar is jointly sponsored by Fujian Council for the promotion of international trade, Hong Kong Trade and Development Bureau, KOTRA Xiamen Korea trade Pavilion, Fujian Branch of China Trade and Investment Commission, Japan General Chamber of Commerce, Fujian textile industry association and SGS standard company.

Fu Jian, vice president of the provincial council for the promotion of international trade, attended the seminar and delivered a speech. Also present at the seminar were Zhao Qirong, Fujian representative of the Hong Kong Trade and Development Bureau, Zheng Shenghe, curator of the Xiamen South Korea trade Museum of KOTRA, President of the Japan General Chamber of Commerce, and a number of experts and business representatives.

Fu Jian, vice president of the provincial council for the promotion of international trade, attended the seminar and delivered a speech.

Fu Jian pointed out in his speech that since the signing of the regional comprehensive economic partnership agreement in November 2020, it has been officially ratified by many countries, including China. After RCEP comes into effect, it will bring new development opportunities to important industries including China's textile shoes and clothing.

The textile and garment industry is also a traditional advantageous industry in Fujian Province. The effective implementation of RCEP is of great significance for Fujian enterprises to consolidate and expand the markets of East Asia and Southeast Asia, promote the transformation and upgrading of the textile and garment industry, become bigger and stronger, and promote the construction of a strong foreign trade and economic province in Fujian Province.

Fujian Council for the promotion of international trade and Fujian International Chamber of Commerce, as specialized trade and investment promotion institutions, have been committed to strengthening economic and trade exchanges and cooperation with other countries and relevant institutions, promoting Fujian enterprises to connect with the international market, and assisting Fujian enterprises and Fujian brands to go global“ Focusing on the theme of international development of textile, footwear and clothing industry in Fujian Province, we hope that through the international seminar and Cooperation meeting, we can promote the innovation transformation and international development of Fujian textile and footwear industry and enterprises, realize and expand the positive effect of RCEP, and help Fujian textile and clothing enterprises and products "go out".

Zhao Qirong, Fujian representative of the Hong Kong Trade and Development Bureau, introduced in detail the significance of RCEP to the textile, footwear and clothing industry and the institutional functions of the Hong Kong Trade Development Council. He said that the Hong Kong Trade Development Council would further exert its advantages, provide support and assistance for Fujian enterprises to participate in exhibitions and attract investment in Hong Kong, and further promote the two sides to jointly hold exhibitions, cross-border financing of enterprises, and We should work together to open up the "belt and road" market and enhance mutual assistance to achieve mutual benefit and win-win results.

It is understood that at the beginning of this year, the fifth session of the 13th National People's Congress of Fujian Province deliberated and adopted the "outline of the 14th five year plan and the long-term goals for the year 2035"《 According to the outline, modern textile and garment industry, electronic information industry, advanced equipment manufacturing industry and petrochemical industry are listed as the leading industry in the construction of an advanced manufacturing province. It is clearly put forward that it is necessary to promote the development of high added value of modern textile and garment brands, to enlarge and strengthen the upstream fiber raw material industry, to promote the transformation and upgrading of the key links of middle end weaving, dyeing and finishing, and to expand and enhance the supply and application of high-end textiles at the terminal. By 2025, the scale of modern textile and clothing industry will reach 1.4 trillion yuan. In the next five years, as one of the leading manufacturing industries in our province, modern textile and garment industry will usher in a period of major development opportunities.

Yesterday's seminar was held online and offline simultaneously. Up to the end of the event, nearly 100 enterprises attended the conference, and more than 500 people attended the seminar simultaneously.

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Yesterday's seminar focused on the current situation of the development of textile, footwear and clothing industry in Fujian Province, as well as the pain points and difficulties it faced. It discussed the new opportunities brought by RCEP and how to further enhance the competitiveness of textile, footwear and clothing industry in Fujian Province. Experts from Hong Kong Trade and Development Bureau, Fujian Branch of China Trade and Arbitration Commission, SGS group and other relevant institutions are invited to introduce how Fujian textile and footwear enterprises can develop the international market under RCEP.

Dr. Wang An, global chemistry and innovation technology manager of SGS SGS: the completion of RCEP free trade zone means that one third of the world's economy will form an integrated market. RCEP is conducive to East Asia and Southeast Asia to better form the world's most competitive textile and clothing manufacturing center and consumption center. It is conducive to deepening international cooperation in production capacity, expanding regional investment, creating regional unified supply chain market and consumer market, and promoting transnational cooperation of textile and clothing industry chain supply chain. For China's textile industry, tariff concession arrangement is conducive to maintain and enhance the export competitiveness of the industry.

Chen Chaohui, Deputy Secretary General of Fujian Branch of China Trade and Arbitration Commission: we can see the prevention of foreign-related contract risks in textile, footwear and clothing industry through practical cases. In practice, contract is king. Foreign related contracts should pay attention to legal risk prevention. At present, there are several ways to solve disputes, such as negotiation, mediation, litigation and arbitration.

Mao zuokang, Deputy Secretary General of Fujian Textile Industry Association: Fujian has become a major textile and garment province. Fujian should strengthen the overall planning, implement the construction of the national science and technology innovation support system, and develop a number of "specialized and excellent" enterprises. Through resource integration, it will break through the research and development of key technologies and develop high-tech fibers for application in emerging industries, It will be widely used in national economy, high technology and other fields. Improve the high-end and brand level of Fujian style leisure men's wear, leisure sports wear, children's wear and underwear in Quanzhou; Promote the urbanization of women's fashion and outdoor sports wear in Fuzhou and Xiamen.