Fujian’s modern textile and apparel industry will usher in a period of major development opportunities
Fu Jian, Vice Chairman of the Fujian Provincial Council for the Promotion of International Trade, said on the 18th that with the implementation of RCEP, the modern textile and garment industry, one of Fujian’s four leading manufacturing industries, will usher in a period of major development opportunities in the next five years. .
According to Fujian Province’s “14th Five-Year Plan”, it is necessary to build a strong province in advanced manufacturing and promote the optimization, upgrading, expansion and quality improvement of leading manufacturing industries such as electronic information, advanced equipment manufacturing, petrochemicals, and modern textiles and clothing; it is necessary to promote modern Develop high value-added textile and apparel branding and expand and strengthen the upstream fiber raw material industry; it is necessary to promote the transformation and upgrading of key links in mid-end weaving, dyeing and finishing, and expand and improve the supply and application of terminal high-end textiles , by 2025, the scale of the modern textile and apparel industry will reach 1.4 trillion yuan.
Economic experts said in an interview with China News Service that from traditional advantageous industries to become the leading manufacturing industry in Fujian Province, how to optimize and upgrade the modern textile and clothing industry, expand capacity and improve quality has attracted much attention. At the seminar held in the afternoon, participants believed that RCEP would bring new development opportunities to important industries including Fujian’s textiles, shoes and clothing. Fu Jian pointed out that RCEP is of great significance for Fujian enterprises to consolidate and expand the East Asian and Southeast Asian markets, promote the transformation and upgrading of the textile, footwear and apparel industry to become bigger and stronger, and promote the construction of Fujian Province as a strong foreign trade and economic province.
Hong Kong Trade Development Council economist He Shanmin explained that RCEP is the world’s largest free trade agreement and will help deepen regional textile and apparel industry chain and supply chain cooperation. Currently, the textile and apparel trade between China and South Korea has the best tariff under RCEP rules.
He Shanmin pointed out that market access rules for goods, services, investment and other fields among member countries will be further relaxed, and customs procedures and technical standards will be gradually unified. By adopting regional rules of origin, it will promote the free flow of economic factors in the region, strengthen the division of production and cooperation among members, stimulate the expansion and upgrading of the regional consumer market, and promote the further development of the regional industrial chain, supply chain and value chain. .
With the implementation of RCEP, Fujian’s textile and garment industry will accelerate “going out“. Zheng Shenghe, head of the Xiamen Representative Office of the Korea Trade-Investment Promotion Corporation, is also optimistic about China-South Korea cooperation under RCEP rules. Zheng Shenghe said that there is huge room for cooperation between Fujian and South Korea’s textile and garment industries in the fields of circulation, related industry divergence, and environmental protection. Zhao Qirong, Fujian representative of the Hong Kong Trade Development Council, said that Hong Kong will play its unique role as a bridge to promote Fujian’s textile and garment industry and enterprises to “go global” and expand new opportunities under RCEP.
To expand international cooperation, we must highlight standards and laws first. Dr. Wang An, global chemical and innovative technology manager of SGS-CSTC Standards Technical Services Co., Ltd., introduced foreign certification systems in detail to provide Fujian textile and garment enterprises with suggestions for coping with international market entry barriers. He suggested that we should plan in advance to enhance the competitiveness of enterprises and move towards sustainable development. Chen Zhaohui, deputy secretary-general of the Fujian Branch of the China International Economic and Trade Arbitration Commission, believes that Fujian’s textile and garment industry “going global” needs to strengthen its understanding of foreign-related laws and regulations and further enhance the company’s ability to resist risks.
Fu Jian believes that government departments, trade and investment promotion agencies, industry associations and enterprises should effectively link up and make full use of the preferential provisions in RCEP to realize and amplify the positive effects of RCEP. By increasing importExporttrade and expansion of foreign investment, from raw materials to labor, from capital to technology, from production to market, carry out the optimal allocation of resources in the region, and improve the quality, efficiency and industrial transformation of Fujian’s textile and garment industry and enterprises Upgrade and open up a wider space.
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