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Guangdong’s toy exports in January down 1 percent growth rate needs a upgrade – Guangdong toy ex by hi joiney
Adversely affected by multiple factors, Guangdong toy exports in January 2008 export growth than last year’s growth rate down 9.8 percentage points, export 420 million U.S. dollars, up 12.7% over the same period last year. Recent U.S. and the EU have came news of a new toy to be published management proposals to resolve the imports of toys from China’s safety and quality problems often arise, for, Guangdong toy export threshold or will be raised again.
Toy exports to raise the threshold again, crossing the Pearl River Delta is in a transition for the toy industry is undoubtedly worse. In addition, the toy exports down again showed no transformation to die processing enterprises in Guangdong, in the new labor law, the export tax rebate and the official indicated, "or the transformation and upgrading of the western migration" of the will, the Pearl River Delta have recently been relocated and will close down, left The also have started the transition.
1 month export growth rate dropped 1 percent
Guangdong is China’s largest toy export base, the face of foreign toy recalls last year, RMB appreciation, raw material prices, foreign unfavorable factors such as increasingly strict requirements, toy export situation remains good. Guangzhou Customs statistics, in 2007 full year, Guangdong exported toys 5.89 billion U.S. dollars, a substantial increase of 22.5% over the previous year, accounting for the same period 69.5% of Chinese toy exports, continues to rank at the top of China’s toy exports.
However, the U.S. Congress recently passed two on the toys may bill will be introduced after six months or regulations, improve the U.S. toy market access threshold, a ban on lead in toys, the other is imported toys and subject to third party certification. At the same time, European Commissioner Günter. Verheugen also recently revealed that imports of toys from China to solve the safety and quality issues often arise, he has the European Commission to submit proposals for new management measures toys, toy safety proposals for higher demands. In this case, the threshold of the Guangdong toy exports may increase.
Urgent transformation and upgrading of export toys
The United States and the European Union is the most important Guangdong toy export market in January this year, respectively, these two markets and the export of toys, 190 million U.S. dollars 92.008 million U.S. dollars, up by 2.9% and 39%, exports to the U.S. last year due to toy recalls and other factors have shown clear signs of slowing, while exports to the EU will still maintain a rapid growth rate. If Europe and the United States introduced a new toy access rules, the Guangdong toy exports will face more severe challenges.
To industry sources, processing trade remained the main exports of Guangdong toy trade patterns. In January of this year, processing trade in Guangdong toy exports 300 million U.S. dollars, up 16.6% over the same period of Guangdong toy exports accounted for 72.2%. Guangdong exported toys brand little less famous, export volume is great, but the benefit is obviously low, low processing fees can be charged. Guangdong toy export enterprises urgently increase independent innovation, to have their own brand products, will it be possible to grasp the initiative in the market and prices.
Since last year’s toy recalls, the toy quality and safety and environmental standards as the major constraints in exporting toys. This year in January, foreign on toys TBT (Technical Barriers to Trade) notification has reached 10, the content from the communication point of view, mainly related to the lead content in toys and bisphenol A levels and other environmental dangers of swallowing magnets, security issues. Guangdong toy export enterprises should actively take measures to deal with.
The other hand, since the U.S. subprime mortgage crisis, slower exports to the U.S.. In January of this year, Guangdong exported 6.02 billion U.S. dollars to the United States, an increase of 4.1%, far below the 26.3% of Guangdong’s overall export growth.
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