The Influence of China's Export Trade on Technical Barriers to Trade and the Countermeasures

Global Finance Review

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Title The Influence of China's Export Trade on Technical Barriers to Trade and the Countermeasures
Creator Zhang, Yaxing
Sun, Xiaolin
Yi, Longzhong
Yuan, Xue
Subject Technical Barriers to Trade; Economic Globalization; Export Trade
Description With the continuous development of China's economy, foreign trade in the national economy has been increasing. In foreign trade, export trade accounted for a large proportion, but due to technical level, export product structure, trade surplus and other reasons, in recent years China’s export products frequently encountered technical barriers to trade (TBT) in developed countries. In the development of contemporary international economic and trade, TBT are playing an increasingly important role, its influence and role has been far beyond the general trade measures. In the world, especially the developed countries, on their own technical advantages, apply more and more targeted, flexible, extensive, covert and mandatory TBT as an important means of protecting their industries. TBT has become the main means and advanced forms of national trade protectionism. China's accession to the WTO faced dual challenges in breakthroughs in foreign technical barriers and the protection of the domestic market. Due to the concentration of China's export market, the weakness of export products and the fact that China has not yet established its own TBT system, early warning mechanism and other reasons, TBT impact on China is significant. According to statistics, nearly five years, 71% of China's export enterprises, 39% of the export products are foreign TBT restricted, and thus cost and risk losses of Chinese enterprises are increasing year by year. In 2005 and 2006, about 25.1% and 31.4% of China's export enterprises were affected by foreign TBT, with total losses of US $ 28.8 billion and US $ 35.92 billion respectively. Agricultural products, electrical and mechanical, energy, mining, textile and other products are the main target products that developed countries implement TBT towards China. Therefore, our government and enterprises must take corresponding measures to resolve these unfavorable factors to ensure China's position and interests in international trade.
Publisher PiscoMed Publishing Pte Ltd
Date 2019-02-07
Type info:eu-repo/semantics/article

Format application/pdf
Source Global Finance Review; Vol 1, No 1 (Published); 29-38
Language eng
Rights Copyright (c) 2019 GLOBAL FINANCE REVIEW

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