下载app

扫码下载

扫码关注

新华报业网  > 推荐 > 正文
China and Vietnam expand agricultural trade
Workers package durians at a fruit processing factory in Vietnam's Dak Lak Province in September. [Photo by Hu Jiali / Xinhua]

Dongxing, a city on the Chinese border with Vietnam, is a good example of the fast-expanding agricultural trade between the two neighboring nations in recent years.

Statistics published by the city, with a population of 200,000, in the Guangxi Zhuang autonomous region showed that its trading volume with Vietnam reached 19.2 billion yuan ($2.68 billion) in the first 10 months of 2023, up 161 percent year-on-year.

Most transactions involved farm produce, ranging from tropical fruits to aquatic products.

Partly due to such a jump in cross-border business, Dongxing inaugurated a special venue for inspecting agricultural products only at a local border crossing in March.

Last month, construction of another three such venues was completed. The facilities, which are yet to be opened, are intended to fast-track customs checks for perishable goods including plants, frozen seafood and aquatic products.

While addressing a bilateral trade event, Peng Shaoguan, the city's Party secretary, said Dongxing is willing to work with Vietnam to promote the high-quality development of such trade.

Agricultural trade between the two countries started to boom after the signing of the China-Association of Southeast Asian Nations Free Trade Area, which took effect in 2010, allowing tariff-free trade between China and Southeast Asian countries.

After China's signing of the Regional Comprehensive Economic Partnership pact, a free-trade agreement with 14 Asia-Pacific nations, including Vietnam, that took effect last year, the scope of the tariff remission expanded.

Vietnam pledged to remove tariffs immediately or in stages for 91.3 percent of agricultural imports from China, including frozen seafood, eggs and honey.

China has pledged to do the same for 92.6 percent of agricultural imports from Vietnam.

Guangxi has been at the forefront of such trade. Customs data published by Nanning, the regional capital, showed that Vietnam-Guangxi trade reached about 223 billion yuan in the first 11 months of this year, up 31 percent year-on-year.

Cheng Yingchao, a customs official in Nanning, told China News Service that this was the largest increase since 2016.

Over the same period, agricultural imports from Vietnam surged 57 percent year-on-year to 7.49 billion yuan.

Vietnamese durians were a new favorite in Guangxi and across China. The prickly tropical fruit was approved for import in July 2022. From January to November, Guangxi bought 4.16 billion yuan worth of durians from Vietnam, more than eight times the figure during the same period last year.

The RCEP agreement, which has created the world's largest trading bloc, promotes the import of a range of Vietnamese fruits such as passion fruit and bananas, as well as fruits from other countries in the region.

China and Vietnam have in recent years emerged as each other's most crucial agricultural trade partner, official figures showed, and the two countries are seeking closer ties under the RCEP.

The trade volume of farm produce between the two neighbors jumped from $2.1 billion in 2010 to $9.4 billion in 2020, according to China's Ministry of Agriculture and Rural Affairs.

In 2020, China bought almost $4 billion worth of agricultural products from Vietnam — a major producer of rice, corn, coffee and rubber — up from $770 million a decade ago. Chinese agricultural exports to its southern neighbor also soared over the period, from $1.35 billion to $5.49 billion.

China was Vietnam's second-largest destination for agricultural exports after the United States by 2020, as well as the primary source of such imports at the time.

Vietnam's agricultural trade with China in 2019 accounted for 18 percent of its total, which was twice that of 2010, the ministry said.

In the first eight months of this year, China overtook the US to become Vietnam's largest market for farm produce, official figures showed.

责编:刘艳元
版权和免责声明

版权声明: 凡来源为"交汇点、新华日报及其子报"或电头为"新华报业网"的稿件,均为新华报业网独家版权所有,未经许可不得转载或镜像;授权转载必须注明来源为"新华报业网",并保留"新华报业网"的电头。

免责声明: 本站转载稿件仅代表作者个人观点,与新华报业网无关。其原创性以及文中陈述文字和内容未经本站证实,对本文以及其中全部或者部分内容、文字的真实性、完整性、及时性本站不作任何保证或者承诺,请读者仅作参考,并请自行核实相关内容。

专题
视频

扫码下载

交汇点新闻APP

Android版

iPhone版

分享到微信朋友圈
打开微信,点击底部的“发现”,使用 “扫一扫” 即可将网页分享到我的朋友圈。
分享到QQ
手机QQ扫描二维码,点击右上角 ··· 按钮分享到QQ好友或QQ空间