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On January 1, 2010, in accordance with the time frame of the "China-ASEAN Comprehensive Economic Cooperation Framework Agreement", the China-ASEAN Free Trade Area was fully launched, marking a GDP of nearly 6 trillion US dollars composed of China and 10 ASEAN countries. The region with a trade volume of 4.5 trillion US dollars has begun to enter the era of zero tariffs.
The zero-tariff preferential treatment of the "China-ASEAN Free Trade Area" and a series of convenience policies provided by the Free Trade Area have greatly reduced the export cost of China's furniture; at the same time, due to its convenient shipping conditions and trade restrictions on exported furniture Less has become a new force driving the substantial growth of China's exports.
The economies of major countries such as Europe and the United States have rebounded steadily, and the US real estate market has slowly recovered
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In 2010, the economies of major economies such as Europe and the United States experienced a steady recovery, and residents' demand rebounded, driving China's exports to maintain rapid growth. According to data released by the American Institute of Supply Management (ISM) on January 3, 2011, the ISM manufacturing purchasing managers index (PMI) in the United States was 57 in December, higher than November ’s 56.6, a growth rate since May 2010 New highs; In addition, according to data from the US Department of Commerce, seasonally adjusted U.S. housing starts in November were calculated at an annual rate of 555,000 units, up 3.9% from October ’s revised data. In November, U.S. second-hand housing sales continued recent Slowly recovering momentum, sales increased by 5.6% month-on-month, higher than market expectations.
At the same time, according to the data of the European Commission, thanks to the strong growth of the German and French economies, the Eurozone ’s December Manufacturing Purchasing Managers Index (PMI) expanded for the fourth consecutive month, rising to 57.1 for the 15th consecutive month. 50 above the dividing line.
China-ASEAN Free Trade Area has become a new force driving furniture exports