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Your location: Home > Related Articles > my country’s textile testing instruments are covered by the RCEP agreement

my country’s textile testing instruments are covered by the RCEP agreement

Author:QINSUN Released in:2023-10 Click:66

The RCEP agreement was proposed in 2013 and is currently being negotiated by the 10 ASEAN countries and regional trading partners, including Australia, China, India, Japan, New Zealand and South Korea. ASEAN was established on August 8, 1967. It is a regional organization whose member countries include Indonesia, Malaysia, Philippines, Singapore, Thailand, Brunei, Vietnam, Laos, Myanmar and Cambodia.
The objective of the RCEP is to establish deeper trade cooperation between ASEAN and its regional trading partners, focusing on goods, services and investments. If the agreement is signed, it will create a huge economic bloc with a population of 3.4 billion and a trade volume of $10.6 billion, which will account for almost 30% of the total. According to the Asia Trade Center, if the RCEP deal is successfully concluded, China will be the biggest beneficiary.
According to the interpreterstatement above, Standard Group believes that: RCEP is a replica of the multilateral and bilateral trade that China is currently pursuing. The primary objective of RCEP is to strengthen economic and trade exchanges among China's many developing countries to enhance the vitality of economic growth. Currently, China is one of the leading countries in RCEP. During the negotiations, there will inevitably be multi-party negotiations with other participating countries on import and export tariffs, quota restrictions, etc., striving for more preferential conditions to open the way for Chinese companies to export and nationalize.

At the same time, the main countries building the RCEP are all countries along the Silk Road, which are closely related to the textile industry. Currently, China is a large textile country and its exportsTextile ations represent a significant part of foreign trade. The Chinese textile industry is heavily dependent on foreign countries and therefore needs to open more markets. Therefore, Standard Group believes that the same is true for the textile testing instrument industry. As a supporting textile industry, it will inevitably benefit from the expansion of the RCEP agreement. At present, China\'s textile industry has begun to move outward, especially to Southeast Asia, Africa and Central Asia. With the With the transfer of the textile industry, China\'s textile testing instrument industry will inevitably make great progress to speed up the process. Standard Group believes that the completion of the RCEP provides a very favorable opportunity for textile testing instrument companies. With the spring breeze of RCEP, China\'s textile testing instrument industry can accelerate its expansion in Southeast Asia, Central Asia and Africa to fill gaps in the local market.
When we talk about the globalization of textile testing instrument enterprises, it is necessary for Standard Group to introduce the current situation and opportunities for my country\'s foreign trade exports and the future direction of textile. With the rise of China\'s textile industry and the maturity of the textile testing instrument industry, the domestic textile testing instrument industry is well established and is on par with European and American countries in terms of technology, process and knowledge. The technical advantages and monopoly of European and American countries are gradually disintegrating, and in the restructuring of the commercial market, Chinese textile testing instrument companies have the strength and opportunity to compete with brands and compete for the market.
From this point of view, theChina\'s textile testing instrument enterprises must continue to increase investment in scientific research, improve product quality and technology accumulation, so as not to lag behind other brands in competition. Standard Group (Hong Kong) Co., Ltd. was established in 2003, the company has been committed to promoting material testing standards since its establishment, committed to providing laboratory solutions for textile material testing and supply of testing instruments and equipment world-class, first-class after-sales services and services to quality inspection institutions, enterprises and scientific research units. Set it up quickly so customers have no worries. . The company adheres to the service concept of professionalism, sincerity, enthusiasm and excellence, is fully close to customer needs and is highly recognizednaked by customers.

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