Sichuan shoe company seeks "zero tariff" business opportunities into South Asian market

Since July 1st of this year, China has implemented a zero-tariff preferential policy for imported goods in Bangladesh in South Asia. The number of items it contains is 4,721, and a factory in Bangladesh has some products that can be imported into Europe, Japan, and other markets without tariffs. A few days ago, under the organization of Sichuan Provincial Department of Commerce, more than 10 Sichuan enterprises collectively went to Bangladesh, Brunei, and Sri Lanka to prepare to invest in a number of foreign projects. It is not difficult to see that in the current favorable environment for the policy, Sichuan enterprises have already started to deploy in the South Asian market.

Bangladesh’s dominant commodities include garments, leather, jute, and seafood. Currently exported to China can enjoy zero-tariff treatment. The fabrics, yarns, accessories, dyes, and mechanical equipment used in garment manufacturing in Bangladesh are mostly imported from China. Textile and apparel and related companies in Sichuan enterprises can set up factories in Bangladesh, transfer apparel manufacturing and related industries, or vigorously develop upstream products and Supporting product export business. In Bangladesh, garments and other products produced by companies can enter into markets such as Europe and Japan without tariffs.

As a result of successful entry into emerging markets such as ASEAN, Sichuan’s footwear exports soared nearly 80% in the first half of the year. At present, the Sichuan Chamber of Footwear Import and Export Chamber of Commerce is paying close attention to the “zero tariff” business opportunities and will organize enterprises to participate in the Vietnam International Footwear Fair in September. ASEAN countries will use the springboard to enter Japan and South Korea, and its next goal is South Asia. .