Effect of China-ASEAN Free Trade Area turning protruding (3)

15:24, March 30, 2010      

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In Talat Thai Market, one of the two largest wholesale fruit markets near Bangkok, PD reporters witnessed that fruit species from China were much more complete with their selling prices decreasing to varying extent. A fruit dealer or wholesaler named Tawi told reporters that (snow) pears, apples, dates, cherries and other fresh fruits have been incessantly sold to Thailand and in the meanwhile he would also export one ton of Duran and mangosteen monthly to the city of Tianjin in north China.

In an interview with media, Indonesian Trade Minister Mari Elka Pangestu said critics should note more that Indonesia would base itself on the FTA to enter the huge Chinese market. The opportunity is obvious, she acknowledged, and she pledged to go on implementing the FTA as planned. To this end, the Indian government has set up a special team to study on how to make Indonesian textiles, clothing and footwear industries more and more competitive, she added.

Ten footwear enterprises from China, the Republic of Korea (ROK) and Thailand intent to input anywhere from 150 million to 200 million dollars in Indonesia in the year 2010 and new footwear factories could take on one million local residents, according to the Indonesia Ministry of Industry.

The effect of Sino-ASEAN FTA has gradually revealed and turned protruding, said Fang Xiuchen, an economic and commercial counselor in the Chinese embassy in Indonesia. In the first two months of 2010, Sino-Indonesian bilateral trade volume reached 5.53 billion dollars, an increase of 80 percent year-on-year, of which China exported 2.6 billion dollars to Indonesia, a rise of 63.3 percent, and imports amounted to 2.9 billion dollars, a rise of 98.5 percent, he said, noting that China is not only Indonesia's largest source of non-oil imports but also its third largest exporting market and the biggest trading partner.

By People's Daily Online and contributed by Liu Gang, Sun Guangyong and Sun Tianren, PD resident reporters respectively in Vietnam, Thailand and Indonesia

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