No matter how hard to explore the emerging markets abroad, the United Statesis still the largest export our partners. The reporter from yiwu market and economic cooperation bureau to realize, the agency is currently in the second batch of cross-border trade RMB pilot enterprise declare work, declare enterprise enthusiasm high. The first pilot, yiwu has 144 enterprise was allowed to be among the first to export pilot enterprise.
At present, the import and export enterprise usually in dollar terms and settlement, which has mainly by exchange rate risk for domestic enterprise. If export commodities lock foreign currency prices, foreign currency devaluation would lead to enterprise gains decline or even a loss, especially cycle longer low-priced products, big exchange rate fluctuations, enterprises are facing the exchange rate of the loss. So, the RMB, was widely welcome yiwu dealers. Foreign buyers to avoid two head loss, and also have the enthusiasm of the RMB.
According to information, Christmas thing production enterprise is often pick up foreign trade order in March to July to complete delivery. Most of the goods dispatched by sea channel, slow need three months to get to. 10 months or so, the foreign enterprises to receive the goods and then the payment. Due to a long life cycle, in the RMB appreciation, under the background of the dollar, may goods still floating on the sea, and there has been dubbed the customer, would rather liquidated damages for compensation, also don’t goods. “So, yiwu most Christmas products enterprise chose to use RMB settlement, and need not dollars.” Yiwu city Christmas products industry association chief told reporters yesterday.
Use the foreign trade settlement, the enterprise will not have to handle the forward transactions, and other financial instruments and DiaoQi hedged, so as to avoid the risk of exchange rate. It is reported, at present our city enterprise in import trade in goods, services trade, also can be in the voluntary foundation, through the related department audit after use RMB.
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