Xiangfan: Automotive Industry Area Completes Foreign Exchange Preparation in Advance


The statistical data of foreign trade exports from January to August in Xiangfan City shows that Xiangfan Automobile Industry Development Zone achieved export value of 2.26 million U.S. dollars and completed 113% of the annual tasks.

It is understood that foreign exchange earning through exports from the automobile industry development zone is in its infancy, and its development momentum is good. Major foreign exchange earning companies and brand products are being formed, and export-oriented foreign exchange companies are gradually increasing. Dongfeng Cummins is the main export company in the region. In August, it just exported engine components worth US$700,000 to India and Mexico. At the same time, Dongfeng Spinning Co., Ltd., which was newly completed and put into production, also received an order of US$400,000 in September to export spinning belt pulleys to a US garden machinery company. At present, export samples have been sent to the United States for testing, and it is expected to realize export earnings in October. .

In view of the fact that there are no import and export companies in this area and most companies do not have the right to operate import and export, the Automobile Industry Development Zone actively develops foreign exchange earning projects, cultivates a group of foreign trade export companies, and makes great efforts to guide more production companies, especially cars. Component companies have entered the international market, launched export operations, and broadened their space for survival and development. At the same time, it actively helps enterprises to review and report their independent export operation rights, provides policy guidance, information consultation, personnel training and other services for enterprises to carry out international marketing, and develops a batch of new foreign trade export enterprises in the region as soon as possible. At present, there are four companies in the area that have obtained export operation rights.



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