EU trade agreement ever-changing China's export of

The EU is China's largest export destination, the European Union and South Korea signed a free trade agreement and other countries, means that these countries will lower prices of goods entering the EU market and compete with Chinese goods. Although China and the export structure of these countries overlap is not high, but with the restructuring of China's exports,Safety Gear, with South Korea in competition or on the high-end products will become more intense.
2010 年 9 16, the EU member states agreed to sign a free trade agreement with South Korea (FTA), which will be signed between the EU and Asian countries, the first free trade agreement. Some experts believe that the signing of this agreement the EU and India and other countries will follow signing of FTA provide a template. Since China signed the FTA with the EU has no exact timetable,caps, so that once the European Union - Korea Free Trade Agreement on July 1, 2011 entered into force, fear of China's exports to the EU face variable.
learned that the agreement will be 6 next month, the European Union in Brussels at the signing of Han Guofeng. EU officials said the free trade agreement with South Korea for European manufacturers to create some 190 billion euros of new exports. According to EU statistics, the EU's total trade in goods with South Korea last year to 530 million euros.
EU - South Korea FTA takes effect, more than 97% of EU industrial estate and over 90% of the Korean industrial products, tariffs will be reduced to zero. Korea's motor vehicles and parts, agricultural and fishing products, textile and machinery products are expected to benefit.
Belgian EU Presidency Foreign Minister Fanna Kerr said that this is the EU's most ambitious agreement in history. He said the bilateral trade agreements in Europe and Asia will be more closely tied to economic ties with the EU to open the Asian market is a big step forward. The European Union is also working with India to sign trade agreement negotiations, the EU hopes to December 2010 reached the agreement.
the European Union and South Korea are China's important trading partners. EU in particular, is China's largest export destination. According to Chinese Customs statistics, bilateral trade in 2009 amounted to 364.085 billion U.S. dollars, accounting for 16.5% of total import and export.
Chinese Academy of Social Sciences, Institute of World Economy and Trade Associate Ni Yueju International Trade Research, said the European Union and South Korea and other Asian countries to sign free trade agreement will certainly affect China's exports, especially in the case of weak demand in Europe . Recently, China and South Korea's export growth are signs of decline, the European market more competitive. FTA comes into effect, Korea, reducing the export prices of commodities, which at this stage to win price of Chinese goods will be a challenge.
Chinese Academy of Social Sciences, Institute of Asian and African
said Dr. Jin Yingji, South Korea's exports of ships, mobile phones,blankets, automotive, petrochemical products. The major products China exports to the EU are machinery and electronic products, textiles and raw materials and furniture, toys. South Korea's exports to the EU appear to overlap is not strong, but in the textile, shipbuilding, the South Korean goods in China will pose a great threat. especially with the restructuring of China's exports, Chinese exports of high value-added products increased, there will be a direct confrontation with the South Korean goods.