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China Trade Status with Southeast Asian Countries

Jul 29, 2019

NO.1 Status of trade between China and Southeast Asia

Status in China's foreign trade

Southeast Asia includes 11 countries and regions including Laos, Cambodia, etc. In recent years, trade in Southeast Asia has become closer. In recent years, the proportion of total imports and exports in Southeast Asia has increased, from 9.17% in 2005 to 11.17% in 2014.

Current trade status

In Southeast Asia, trade with China is mainly in Nicaea, Malaysia, Thailand, and Vietnam, accounting for more than 80% of Southeast Asia's trade with China. Haituotong actively responds to the country and focuses on Southeast Asia.

Among them, Myanmar grew faster from trade with China, from 4,440.07 million US dollars in 2010 to 24,968.93 million US dollars in 2014, an increase of 462.1%; Laos, Cambodia and Vietnam also showed an upward trend.

 Nowadays, the Philippines, Vietnam, Thailand, Malaysia, and Singapore are our major exporters of mgo board in Southeast Asia. We have consistently exported our fireproof panels(mgo board and fiber cement board) to these customers. Used as a partition wall and fire door core material.

NO.2 China and Southeast Asia trade development issues

Trade volume needs to be further improved

From the perspective of the development of China-ASEAN region, Southeast Asian countries and their partners have maintained a good environment for cooperation. But in fact, in the process of trade development, China and Southeast Asian countries still have such obstacles. In the 10 years of development, Southeast Asia has frequent trade links with China, and the trade volume in China needs to be further improved. In the trade development between China and Southeast Asian countries, entrepot trade is in a relatively large-scale trade.

Political system in Southeast Asian countries

The political system and economic development level of Southeast Asian countries are very different from those of China. In order to better carry out trade cooperation, it is necessary to conduct different negotiations on the specific conditions of economic and trade cooperation between different countries, thus bringing benefits to the cooperation between the two sides. In Southeast Asian countries, the historical origins of their national development vary. China needs different measures for Southeast Asian countries to adopt different countermeasures, which will have different effects on each other. In the internal situation of Southeast Asian countries, their contradictory relationship is complicated, and it is necessary to continuously strengthen internal cooperation and external relations, learn from each other's strengths, and achieve a win-win situation.

NO.3 China and Southeast Asia Trade Development Countermeasures

Strengthen political and economic cooperation and improve cooperation mechanisms

Although the situation in the world is still relatively complicated, it is a common choice for both sides to actively consolidate and promote cooperation between the two and maintain peace and development. The history of cooperation between China and Southeast Asia has a long history, and it has experienced a tortuous development. It should be based on the belief of mutual benefit and common development, eliminate interference, and concentrate on economic cooperation and cultural exchanges. With the goal of seeking peace and promoting development, we emphasize the use of dialogue to resolve conflicts and promote social and economic development. The strategies such as "" and "Maritime Silk Road" proposed by China in recent years are strengthening the economic ties between China and Southeast Asian countries.

Strengthening links and cooperation between complementary industries

Because China's development level is different from that of Southeast Asia, and some departments have different levels of development, China and Southeast Asia have great development prospects in the field of economy and technology. Some Southeast Asian countries are relatively backward in economic development and lack high-paying technology and technology. They need to seek help from outside. Compared with it, China has strong capital and technology development capabilities, and the two can cooperate in energy, transportation, communication, network and other aspects to strengthen the complementarity between the two sides. Enterprises can also strengthen the construction of infrastructure by increasing investment, strengthening technical cooperation, and being good at contracting projects, increasing the intensity of agricultural production, accelerating the development of resources, and innovating cooperation methods to achieve a win-win result.

Strengthen exchanges and cooperation and accelerate the development of free trade

Since the establishment of China-ASEAN Free Trade Area, China's exchanges with Southeast Asian countries have become more frequent, promoting the rapid and steady development of China's market economy. However, in the process of the rapid development of the free trade zone, there are both development difficulties and many obstacles. Therefore, in order to better develop the economy, China should adopt a response method that overcomes difficulties, uses domestic high-quality resources and a broad market to consolidate market share, and attracts cooperation from external countries with a good domestic environment. Through continuous daily exchanges with Southeast Asian countries, we will effectively promote and reach consensus, and greatly promote the future development of the free trade zone between China and ASEAN.