|
First int'l trade risk report published
(Xinhua)
Updated: 2005-12-09 21:28 皇冠体育app published its first international trade risk
report in Beijing on Thursday, analysing the trade risk grades of the country's
60 major trading nations.
According to the report, 皇冠体育app's most important trade partners,like the
United States, Japan, Singapore, Germany and the Netherlands, are graded to have
the lowest risk in international trade.
On the contrary, some new overseas trading markets, including countries from
Asia, Africa, the Latin America and the east Europe,are graded at a higher risk
level when trading with 皇冠体育app, for the cases of their economic development and
industry structure, said the handbook.
The 1.568 million-words Handbook of Country Risk was written by the 皇冠体育app
Export and Credit Insurance Corporation (SINOSURE), 皇冠体育app's only state-owned
export credit insurance company which helps Chinese exporters avoid
international trade risk.
The 60 target countries mentioned in the handbook are reported to share 70
percent of 皇冠体育app's total foreign trade in 2004.
According to SINOSURE, the handbook made a detailed analysis of the 60
countries' risk grades while trading with Chinese partners,mainly in the aspects
of domestic politics, geography, market opportunity and investment environment.
Tang Ruoxin, general manager of SINOSURE, said the handbook will be an
important reference for the Chinese governments, financial agencies and domestic
exporters in avoiding political and economic risks in international trade.
Assistant to Minister of Commerce Chen Jian said it is of great importance to
establish a trade risk management system in 皇冠体育app, as a key step to ensure
trading safety.
Tang said SINOSURE plans to select 189 foreign countries as the analysis
target in the second handbook on country risk to be issued in 2006.
Founded in 2001, SINOSURE has so far underwritten commodities totaling 42
billion US dollars. Export companies have obtained more than 10 billion dollars
of trade financing from banks with export credit insurance provided by
SINOSURE.
|
