China is a member of the World Trade Organization from 2011 and now it represents the most important economy in trading terms. China became the largest economy in terms of trade in 2013, when it surpassed United States of America. Foreign investors with operations in the field of trade should know that the Chinese market offers attractive business opportunities. If you are interested in finding out more on the most representative trading activities in China, our Chinese lawyers can offer you an in-depth presentation on this topic.
Diverse trading partners
Businessmen interested in opening a company in China should know that the state recently made improvements in the trade industry, as it developed new trading relationships. At the level of 2015, China had as main trading partners: United States of America (USA), European Union (EU) and the Association of Southeast Asian Nation (ASEAN). The trading values were the following:
•EU – 3.51 trillion yuan;
•USA – 3.47 trillion yuan;
•ASEAN – 2.93 trillion yuan.
China has very good trading relationships with Kuala Lumpur, for which China represents the largest trading partner. At the level of 2015, China maintained this position for the 7th year in a row, while the trading volumes between the two states increased by 11.1%, compared with the situation of 2014; our Chinese law firm can provide you with further information on this subject.
We invite you to watch a video about the partners of China in several trading activities:
China – EU trading relationships
At the moment, China and the European Union are two of the most important economies in the world in terms of trading activities. In November 2013 both sides have begun the negotiations on an investment agreement, which has the purpose to liberalize the investment between the parties. The agreement will further eliminate restrictions for investors in both contracting states. Also, it will establish a simpler legal framework, to further provide access to European and Chinese investors on the trading markets of both entities.
If you need further information on the trading industry in China, please contact our Chinese lawyers, who can provide you with legal assistance on your inquiries.
China is basically the most important economy of the world from many points of view, so I am not surprised that I learned it recently surpassed USA.