Guangdong to Encourage Enterprises to Engage in Processing Trade Overseas
Source: Guangdong Provincial Bureau of Foreign Trade and Economic Cooperation Date: 2007-11-27
Based on the incomplete statistics from Guangdong Provincial Bureau of Foreign Trade and Economic Cooperation, Guangdong overseas investment, and business revenue from both foreign contracted projects and labor cooperation all ranged the top in the nation.
By the end of September, 1751 enterprises had got provincial approval to set up non-financial entities abroad with agreed investment USD6.99b accumulatively. The contractual amount signed for contracted projects and labor cooperation achieved USD21.21b and the completed business revenue reached USD17.69b.
Guangdong Province, relying on such traditional industries as home appliance, textile & clothing, light industry and construction materials, will encourage competent enterprises to carry out overseas processing trade and to gradually build production base abroad. Meanwhile, it will also encourage the enterprises with self-owned brand to set up distribution network in overseas market.
