RCEP will bring new opportunities to Fujian’s textile, footwear and clothing industry

Dong Express (Reporter Qi Rong) As a series of activities of the 4th 21st Century MaritimeSilk Road Expo and the 23rd Cross-Strait Economic and Trade Fair One, “RCEP New Opportunities-Fujian Textile, Footwear and Clothing Industry International Cooperation Seminar” was held in Fuzhou yesterday.

This international cooperation seminar is organized by the Fujian Provincial Council for the Promotion of International Trade, Hong Kong Trade Development Council, Korea Trade and Investment Promotion Agency (KOTRA) Xiamen Korea Trade Center, China International Trade Arbitration Commission Fujian Branch, Japan General Chamber of Commerce, Fujian Textile Industry Association, Co-sponsored by SGS-CSTC.

Fu Jian, Vice Chairman of the Provincial Council for the Promotion of International Trade, attended the seminar and delivered a speech. Guests attending the seminar also included Zhao Qirong, Fujian representative of the Hong Kong Trade Development Council, Zheng Shenghe, director of the Xiamen Korea Trade Center of the Korea Trade and Investment Promotion Agency (KOTRA), Yumi Harada, president of the Japan General Chamber of Commerce, as well as many experts and business representatives.

Fu Jian, Vice Chairman 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 formally approved by many countries, including China. After the effective implementation of RCEP, it will bring new development opportunities to important industries including my country’s textiles, shoes and clothing.

The textile and apparel industry is also a traditional advantageous industry in Fujian Province. The effective implementation of RCEP will help Fujian enterprises consolidate and expand the East and Southeast Asian markets and promote the transformation and upgrading of the textile and apparel industry to become bigger. It is of great significance to strengthen and promote the construction of our province into a strong foreign economic and trade province.

As specialized trade and investment promotion agencies, the Fujian Provincial Council for the Promotion of International Trade and the Fujian Chamber of International Commerce have been committed to strengthening economic and trade exchanges and cooperation with countries and relevant institutions around the world, promoting Fujian enterprises to integrate with the international market, and assisting Fujian enterprises and Fujian brands to move forward world. “RCEP New Opportunities – Fujian Textile, Footwear and Clothing Industry International Cooperation Seminar” focuses on the theme of the international development of Fujian Province’s textile, footwear and clothing industry. It is hoped that the international seminar and cooperation can promote the innovative transformation and internationalization of Fujian’s textile, footwear and clothing industry and enterprises. to achieve and amplify the positive effects of RCEP, and help Fujian textile and garment enterprises and products “go out“.

Zhao Qirong, Fujian representative of the Hong Kong Trade Development Council, introduced in detail the significance of RCEP to the textile, footwear and apparel industry and the institutional functions of the Hong Kong Trade Development Council. He said that the Hong Kong Trade Development Council will further leverage its advantages to provide Fujian enterprises with opportunities to participate in exhibitions and develop in Hong Kong. Provide support and assistance in attracting investment, and further promote mutual assistance between the two parties in jointly organizing exhibitions and conferences, cross-border financing of enterprises, and jointly developing the “One Belt and One Road” market to achieve mutual benefit. Win-win.

It is understood that at the beginning of this year, the fifth session of the 13th Fujian Provincial People’s Congress reviewed and approved the “Fujian Province’s 14th Five-Year Plan and Outline of Long-term Goals for 2035”. The “Outline” ranks Fujian Province’s three major industries, including modern textiles and clothing, electronic information, advanced equipment manufacturing, and petrochemicals, as the leading manufacturing industries in building a strong advanced manufacturing province. It is clearly stated that we should promote the development of modern textile and apparel brands with high added value, expand and strengthen the upstream fiber raw material industry, promote the transformation and upgrading of key links in mid-end weaving, dyeing and finishing, and expand and improve the supply and application of end-end high-end textiles. By 2025, modern textile and apparel The industry scale reaches 1.4 trillion yuan. In the next five years, the modern textile and apparel industry, one of the leading manufacturing industries in our province, will usher in a period of major development opportunities.

Yesterday’s seminar was held simultaneously online and offline. By the end of the event, nearly a hundred companies had participated in the event, and more than 500 people had participated in the seminar online.

Expert

Yesterday’s seminar focused on the current development status of the textile, footwear and apparel industry in Fujian Province as well as the pain points and difficulties faced, and discussed the new opportunities brought by the use of RCEP and how to further enhance the competitiveness of the textile, footwear and apparel industry in our province. Experts from the Hong Kong Trade Development Council, China International Trade Arbitration Commission Fujian Branch, SGS Group and other relevant institutions were invited to use cases as a starting point to introduce how Fujian’s textile, footwear and apparel companies can develop the international market under RCEP.

Dr. Wang An, Global Chemical and Innovation Technology Manager of SGS-CSTC: The completion of the RCEPFree Trade Zone means that one-third of the global economy will be integrated Huge market. RCEP will help East Asia and Southeast Asia better form the world’s most competitive textile and apparel industry manufacturing and consumption centers. It is conducive to deepening international production capacity cooperation, expanding regional investment, and conducive to the emergence of a unified supply chain market and consumer market in the region. It will significantly promote transnational cooperation in the textile and apparel industry chain and supply chain. For China’s textile industry, tariff concession arrangements are conducive to maintaining and enhancing the industry’s export competitiveness.

Chen Zhaohui, Deputy Secretary-General of the Fujian Branch of China International Trade Arbitration Commission: The prevention of foreign contract risks in the textile, footwear and clothing industry can be seen through practical cases. In practice, contract is king. Pay attention to legal risk prevention in foreign-related contracts. At present, when disputes arise, there are several ways to resolve them: negotiation, mediation, litigation and arbitration.

Mao Zuokang, deputy secretary-general of Fujian Textile Industry Association: Fujian��To become a major textile and clothing province, Fujian must strengthen overall planning, implement the construction of the nationalscientific and technological innovation support system, and develop a group of “specialized and excellent” enterprises to achieve breakthroughs through resource integration R&D and application of key technologies, development and application of high-tech fibers in emerging industries, and expanded application in high-tech and other fields of the national economy. Enhance the high-end and brand level of Fujian-style casual men’s clothing, casual sportswear, children’s clothing and underwear in Quanzhou; promote the urban development of fashionable women’s clothing and outdoor sportswear in Fuzhou and Xiamen.

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