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- Category: Top News
- Published: Tuesday, 02 August 2011 10:18
The Economic Cooperation Framework Agreement (ECFA) became effective in January this year, and this has boosted the trade between Ningbo and Taiwan. Statistics of Ningbo Customs show that in the first half this year, the import of Taiwan-made goods in the ECFA reaches 455,900 tons, valuing 738 million US dollars, covering 48.61% of the total import in the ECFA by China in the period, ranking No.1 in the country. It is learned that the import of chemical materials covers a larger proportion. As an important chemical base, Ningbo has a great demand for chemical materials. The ECFA rules zero tariff for the chemical materials like acrylic and para-xylene and this made the Taiwan-made chemicals more competitive. From January to June, the import of para-xylene via Ningbo Customs values 340 million US dollars, and that of acrylic 290 million US dollars. The import of the two chemicals covers 80% of the total. In addition to the chemicals, there has some increase in the import of Taiwan-made automobile components and mountain bikes, thanks to the competitive prices of these commodities. To ensure the implement of the ECFA and promote the trade to Taiwan, Ningbo Customs has set up a special pass for the goods in the ECFA, which offers preferential services to the goods in the customs procedures.
On the afternoon of July 27, the Party Working Committee of Ningbo Petrochemical Economic and Technical Development Zone and the Administrative Committee of Ningbo Petrochemical Economic and Technical Development Zone were founded, indicating the official opening of this national economic and technical development zone. Reportedly, Ningbo Petrochemical Economic and Technical Development Zone is the successor of Ningbo Chemical Zone, and it is today the only petrochemical industrial zone in Zhejiang. Since 2003 when the large scale development started, , the zone has initially formed its development mode featured for resource saving, clean production and environment friendliness. It is praised by famous chemists as one of the few first class chemical parks in China. At present, Ningbo Petrochemical Economic and Technical Development Zone has over 40 famous Chinese and foreign chemical enterprises like Zhenhai Petrol Refining and Chemical Company, Akzo Nobel and LG, with its annual output exceeding 100 billion yuan, ranking the top three among the development zones in Zhejiang. Since 2008, the zone was appointed a national new chemical material base by the National Development and Reform Commission, a national high and new technological base by the Ministry of Science and Technology, and a national demo new chemical industrial base by Ministry of Industry and Information Technology. On December 30, 2010, at the approval of the State Council, it was upgraded to be a national economic and technical development zone. It is learned that the Administrative Committee of Ningbo Petrochemical Economic and Technical Development Zone is an agency of Ningbo Municipal Government, and under the authorization of Ningbo Municipal Government, it has a city-level economic administrative authorization and the county-level social administrative authorization.
The 3rd Singapore-Ningbo Commodity Fair opened in Suntec Singapore International Convention and Exhibition Centre on July 20. With the official establishment of the China-ASEAN Free Trade Zone, the fair this year aims to help enterprises of Ningbo explore the ASEAN markets. Like China Fair in Benin, the Singapore-Ningbo Commodity Fair is a second large fair Ningbo organized in a foreign country. This is a step Ningbo takes to help the enterprises of foreign trade to seize opportunities in the China-ASEAN Free Trade Zone, and Singapore has given lots of help to Ningbo's endeavor. With over 180 stalls, the Singapore-Ningbo Commodity Fair was participated by over 200 representatives from 115 enterprises. There are over 1,000 varieties of commodities of household appliances, household goods, gifts and food exhibited on the fair. It attracted quite a number of merchants from Singapore, Indonesia, Malaysia and Thailand and the intent purchases value over 2.6 million US dollars. It is learned that with the progress of the China-ASEAN Free Trade Zone zero tariff has been implemented for over 7,000 varieties of commodities and this to a great extent has promoted the trade between Ningbo and the ASEAN countries and the free trade of goods has been basically realized. In the first half this year, the value of the bilateral trade of Ningbo and the ASEAN reaches 3.29 billion US dollars, increased by 41.5% above the same period of the previous year, covering 7% of the export of Ningbo in the period. The ASEAN has become Ningbo's fifth largest trade partner.