The EU Trade Agreement Is Constantly Changing &Nbsp; China'S Export Textile Enterprises Need To Be Treated With Caution.

　　 Europe The EU is China's largest export destination, and the European Union and South Korea and other countries sign free trade agreements, which means that the commodities of these countries will enter the EU market at a lower price and compete with Chinese goods. Though China and these countries are export commodities Structural overlap is not high, but with the adjustment of China's export structure, competition with South Korea will become more intense in high-end products.

In September 16, 2010, EU Member States agreed to sign a free trade agreement (FTA) with South Korea, which will be the first FTA agreement signed by the European Union and Asian countries. Some experts believe that the signing of this agreement will provide a template for the follow-up FTA signed by the European Union and India. As China and the EU sign the FTA, there is no exact timetable, so once the EU - Korea FTA comes into force in July 1, 2011, China's export to the EU is facing a variable.

It is learned that the agreement will be signed on 6 June next year at the EU summit in Brussels. EU officials said that the FTA with South Korea will create about 19 billion euros of new exports for EU manufacturers. According to the EU's statistics, the total volume of trade between the EU and Korea reached 53 billion euros last year.

After the EU - Korea FTA came into effect, more than 97% of the EU. Industrial industry And more than 90% of Korean industrial products will fall to zero tariff. South Korea's cars and its components, agricultural and fishery products, textile and machinery products are expected to benefit.

Vanna Kerr, the foreign minister of Belgium, the EU's rotating presidency, said this is the most ambitious agreement in the EU's history. He said the bilateral trade agreement would tie the economic ties between Europe and Asia more closely, and it would be a big step forward for the European Union to open up the Asian market. It is understood that the EU is also negotiating with India on signing a trade agreement, and the EU hopes to reach this agreement in December 2010.

The EU and South Korea are all important trading partners of China. In particular, the EU is China's largest export destination. According to statistics from the General Administration of Customs of China, bilateral trade between China and Europe amounted to US $364 billion 85 million in 2009, accounting for 16.5% of China's total import and export value.

Ni Yueju, an associate researcher of the International Trade Research Institute of the world economic and Trade Institute of the Chinese Academy of Social Sciences, said that the signing of the FTA by the European Union and other Asian countries, including South Korea, will definitely have an impact on China's exports, especially in Europe. In the near future, both China and South Korea have shown signs of decline in export growth, and the competition in the European market is more intense. After the entry into force of FTA, the prices of Korean exports will be substantially reduced, which will be a challenge for Chinese products at the present stage of price success.

Dr Kim Ying Ji of the Institute of Asian and African Studies of the Chinese Academy of Social Sciences said that South Korea's exports were mainly ships, mobile phones, automobiles and petrochemical products. China's exports to the EU are mainly mechanical and electrical products, textiles and raw materials, furniture and toys. The overlap between China and South Korea does not seem to be strong. However, in terms of textiles and shipbuilding, Korean goods will still pose a great threat to China. In particular, with the adjustment of China's export structure and the increase in exports of high value-added goods, there will be a direct confrontation with Korean goods.