Group 1 - A cargo ship carrying 190 tons of sesame from Pakistan arrived at Tianjin Port, which will undergo processing to meet China's sesame oil consumption needs [1] - The sesame from Pakistan benefits from high yield and oil content due to its favorable geographical and climatic conditions, and the import tariff has been reduced from 10% to 0% under the China-Pakistan Free Trade Agreement, saving over 1.7 million yuan in tariff costs this year [1] - In the first seven months of this year, the value of imports from Shanghai Cooperation Organization (SCO) countries at Tianjin Port reached 1.36 billion yuan, resulting in a tariff reduction of 66 million yuan, with significant benefits for seafood, fruits, and grains [1] Group 2 - Besides the China-Pakistan Free Trade Agreement, China has signed and implemented other free trade agreements with SCO countries, enhancing the international competitiveness of exported products [3] - The rapid processing of origin certificates by customs has facilitated exports, with one company reporting a 20% year-on-year increase in exports to SCO countries, amounting to over 3 million yuan [3] - The issuance of origin certificates has allowed clients to save 150,000 yuan in tariffs, demonstrating the financial benefits of these agreements [3] Group 3 - In the first seven months of this year, Tianjin Customs issued 5,700 origin certificates for goods exported to SCO countries, with a total value of 3.43 billion yuan, reflecting year-on-year growth of 6.4% and 18.9% respectively [4]

印媒称，斯塔默当时正谈及这项"历史性"自贸协定，现场翻译员在将斯塔默的话转述为印地语的过程中稍 显迟疑停顿，并结结巴巴，难以流畅表达该协定对英国消费者有益相关内容。莫迪在注意到她的窘迫后解 围说："没关系……我们可以穿插使用英语，别担心。" 【环球网报道 记者 赵建东】据《印度快报》、新德里电视台（NDTV）等媒体报道，当地时间7月24日， 在伦敦举行的印英双边自由贸易协定签署仪式上，印度总理莫迪与英国首相斯塔默共同见证了这一具有里 程碑意义的时刻。而在随后的新闻记者会上，一名翻译在将斯塔默的讲话从英语译为印地语时出现尴尬停 顿，面对这一幕，印度总理莫迪则为该翻译打圆场解围。 翻译人员向莫迪表示感谢，并松了一口气，她还补充道："抱歉，阁下……我有点跟不上演讲内容了。"斯 塔默和莫迪则露出微笑，对她表示安慰。"没事的"，莫迪再次表示。而斯塔默则提出可以重复自己说过的 话，还笑着补充道："我想我们彼此非常了解。" 《印度快报》称，这项在伦敦签署的自贸协议是英国"脱欧"后最大的协议，也是印度近年来最重要的协议 之一。它将取消英国对95%印度农产品和食品（例如姜黄、胡椒、豆蔻等）的关税，从而增加印度农民的 收益，并帮 ...

Group 1 - The core issue revolves around India's announcement to impose retaliatory tariffs on certain U.S. goods, escalating trade tensions between the two nations [1][4] - In 2024, the bilateral trade volume between the U.S. and India reached $195 billion, with a trade deficit of $38 billion for the U.S., indicating India's export advantage [3][5] - India's exports of electronic products to the U.S. accounted for 35.8% of its total electronic exports, valued at $14.4 billion in 2024, showcasing India's reliance on specific product categories [3] Group 2 - India has been actively signing free trade agreements (FTAs) with various countries, enhancing its market access and competitiveness in international trade [4][5] - The retaliatory tariffs are aimed at U.S. agricultural and industrial products, which could significantly impact U.S. exports and domestic political dynamics [5][7] - India's domestic market, with a population of 1.4 billion, presents a significant consumption potential that U.S. companies are keen to tap into, making it a crucial bargaining chip in negotiations [8] Group 3 - Despite India's assertive stance, there are internal challenges, including opposition from domestic parties and concerns from farmers about the impact of U.S. agricultural imports [7][9] - India's economic structure shows weaknesses, such as reliance on imports for high-end technology and a significant income disparity among its population, which could hinder its ability to withstand trade pressures [9][11] - The outcome of the trade conflict could lead to a potential decline in India's economic growth by 1.2-1.5 percentage points and a significant drop in foreign investment if negotiations fail [11]

Group 1: Export Growth and Market Expansion - Shenzhen's total import and export value is projected to reach 4.5 trillion yuan in 2024, reclaiming the title of "China's Foreign Trade Capital" with exports of 2.81 trillion yuan, a growth of 14.6% [1] - In the first five months of this year, Shenzhen's total import and export value reached 1.78 trillion yuan, with exports amounting to 1.06 trillion yuan [1] - The export of mobile phones to Africa reached 340 million yuan in May, showing a year-on-year growth of 19.1%, highlighting the strong demand in the African market [2] Group 2: Key Product Categories - In the first five months of 2025, Shenzhen's export of electromechanical products reached 793.69 billion yuan, accounting for 75% of the total export value, with electronic components and computers showing significant growth [3] - The export of lithium batteries and electric vehicles reached 28.87 billion yuan and 11.18 billion yuan respectively, with growth rates of 33.1% and 16.7% [3] Group 3: Food and Agricultural Products - Shenzhen has enhanced its fresh fruit export capabilities, with a 30.2% year-on-year increase in the export of fresh fruits and agricultural products through the airport [4] - The export of traditional food items like rice dumplings has also seen significant growth, with over 157 tons exported in the first five months, a 95.2% increase [5] Group 4: Trade Agreements and Cost Reduction - The issuance of origin certificates under free trade agreements has facilitated the export of lithium batteries, with 3,489 certificates issued, covering a value of 3.25 billion yuan [6] - The reduction in trade costs due to these agreements has provided a competitive pricing advantage for Shenzhen's products in international markets [6] Group 5: Innovation and New Market Development - Shenzhen's Chuangtong Yigou Technology Co., Ltd. reported a 130% increase in export value to 473 million yuan in the first five months, successfully entering new markets like ASEAN [7] - The city is leveraging technological innovation and cultural dissemination to expand its overseas market presence across various sectors [7]

Core Insights - The issuance of various certificates by the national trade promotion system in China increased by 12.51% year-on-year in May, indicating strong resilience in the country's foreign trade despite external pressures [1] Group 1 - In May 2025, the total number of certificates issued, including certificates of origin and ATA carnets, reached 639,400, reflecting a significant growth trend [1] - The substantial increase in both the amount and number of preferential certificates issued demonstrates the determination and resilience of foreign trade enterprises in challenging conditions [1] - The impact of free trade agreements, including RCEP, has provided foreign trade companies with the confidence and support needed to face challenges and explore new markets [1]

商务部启动自贸协定实施系列宣介活动 2025 年 06 月 11 日 证券研究报告·北交所报告·北交所定期报告 北交所定期报告 20250611 证券分析师 朱洁羽 执业证书：S0600520090004 zhujieyu@dwzq.com.cn 证券分析师 易申申 执业证书：S0600522100003 yishsh@dwzq.com.cn 证券分析师 余慧勇 执业证书：S0600524080003 yuhy@dwzq.com.cn 研究助理 薛路熹 执业证书：S0600123070027 xuelx@dwzq.com.cn 研究助理 武阿兰 执业证书：S0600124070018 wual@dwzq.com.cn 相关研究 《中办、国办印发<关于完善中国特色 现代企业制度的意见>》 2025-06-06 《证监会发布修改后的<上市公司重 大资产重组管理办法>，深化并购重组 市场改革》 2025-06-05 东吴证券研究所 1/8 请务必阅读正文之后的免责声明部分 [Table_Tag] 北交所定期报告 内容目录 | 1. 资本市场新闻 | | --- | | 2. 行业新闻 | | 3. 市场表现 | | ...

Group 1 - The core viewpoint of the article highlights the successful import of Serbian agricultural products into Xiamen, marking a significant milestone since the implementation of the China-Serbia Free Trade Agreement (FTA) [1][3] - The imported agricultural products include honey, juice, and wine, with a total of 75 different types valued at approximately 1.2 million RMB, indicating a substantial breakthrough in variety and quantity [1][3] - The use of group shipping for these products significantly reduces transportation costs, lowering the entry barriers for Serbian small and medium-sized enterprises into the Chinese market [1][3] Group 2 - The China-Serbia FTA, which officially came into effect on July 1, 2024, is the first free trade agreement signed between China and Central and Eastern European countries, aiming to gradually eliminate tariffs on 90% of tariff items, with the final zero-tariff import proportion expected to reach around 95% [3] - The chairman of the importing company, Qina Supply Chain (Xiamen) Co., Ltd., expressed that the improved openness and business environment in Xiamen provide confidence for enterprises to expand new product import channels [3] - To ensure smooth importation, Xiamen Customs assigned personnel to guide enterprises in declaration processes and utilize preferential policies such as bonded warehousing and agreement tax rates, facilitating rapid customs clearance [3]

Core Insights - Danyang's eyewear industry is becoming a significant player in the global market, with exports reaching 1.716 billion yuan in the first four months of the year, a year-on-year increase of 4.3% [1] - The industry is leveraging e-commerce, with companies like Danyang Zelu Optical Technology Co., Ltd. reporting a 54.24% increase in exports to 91 million yuan in the first five months, driven by live-streaming sales on platforms like TikTok [1] - The local supply chain supports diverse product offerings, including specialized eyewear for seniors and youth, with Jiangsu Youli Optical achieving a 21.55% increase in exports to 60 million yuan [2] E-commerce and Innovation - Danyang's cross-border e-commerce industry park has attracted 68 companies, providing comprehensive services from design to logistics, enhancing the export capabilities of local businesses [1] - The use of live-streaming has significantly improved conversion rates, with reports indicating a 30% increase in sales effectiveness [1] - Companies are focusing on product innovation, such as safety glasses for seniors and multi-focal lenses for youth, to capture niche markets [2] Trade Agreements and Support - The benefits of free trade agreements, such as RCEP, are facilitating Danyang's export growth, with companies like Mingmou Eyewear enjoying reduced tariffs and increased order volumes [2] - Local customs authorities are actively supporting businesses by providing training and optimizing regulatory services, which enhances the efficiency of the export process [2][3] - The commitment to integrating Danyang's eyewear industry into the global market is evident, with plans to further promote e-commerce and other new business models [3]

东盟、中国与海合会再开启"新篇章"。 5月27日，首届东盟—中国—海合会峰会在马来西亚吉隆坡举行。从东亚合作扩展到跨区域合作，三方 在峰会上首次正式"同框"，这也被外界解读为区域合作进入全新阶段，具有重要的里程碑意义。 据新华社报道，应东盟轮值主席国马来西亚总理安瓦尔邀请，国务院总理李强出席东盟—中国—海合会 峰会。李强表示，中国、东盟、海合会国家的友好交往源远流长。在国际形势变乱交织、世界经济增长 乏力的背景下，我们建立起三方峰会这样的交流平台和合作机制，堪称地区经济合作的一大创举。三方 通过更为紧密的联接和合作，能够造就一个充满活力的经济圈和增长极，对于各自经济繁荣和亚洲乃至 世界的和平发展具有重要意义。 东盟—中国—海合会峰会以"共创机遇共享繁荣"为主题，重点围绕产业链供应链合作、能源安全和基础 设施互联互通等话题进行重点讨论。据新华社报道，与会领导人高度评价三方加强合作对促进各自发展 和地区和平繁荣的重要作用，表示峰会开辟了三方共迎挑战、共谋发展新篇章，愿进一步深化"一带一 路"倡议合作，加强互联互通、经贸、产供链、农业、能源、金融、数字经济等领域合作，加强文明互 鉴，密切多边协作，促进三方一体化建设 ...

Core Insights - The China-Ecuador Free Trade Agreement (FTA) has significantly boosted bilateral trade, with a 34.17% increase in trade volume in Q1 2024 compared to the same period in 2023, reaching $3.915 billion [1] - Ecuador's exports, particularly bananas and shrimp, have gained substantial market share in China, with Ecuadorian shrimp accounting for over 70% of China's imported shrimp market [1][2] - The FTA has facilitated the entry of high-value products like canned tuna into the Chinese market at zero tariffs, marking a strategic economic development for Ecuador [2] Trade Growth - In Q1 2024, Ecuador's exports to China reached $2.339 billion, reflecting a 42.8% year-on-year growth [1] - The FTA has led to a gradual reduction of import tariffs on Chinese products in Ecuador, from 5% to 40% down to zero, enhancing the competitiveness of Chinese goods in the Ecuadorian market [2] Product Diversification - Ecuador is diversifying its exports to China, with upcoming products like blueberries and avocados expected to enter the market following the establishment of relevant phytosanitary protocols [2] - The FTA has also encouraged Chinese automotive brands, such as BYD, to increase their market presence in Ecuador, with BYD's electric vehicle sales growing by 150.4% year-on-year in Q1 2024 [2] Economic Cooperation - The FTA has fostered deeper cooperation between the two countries in customs and quarantine mechanisms, enhancing trade facilitation [1][2] - Chinese investments in Ecuador's energy and mining sectors are being driven by the FTA, leveraging Chinese technology to improve local industrial competitiveness [2] Market Opportunities - The Chinese market presents vast opportunities for Ecuadorian businesses, with ongoing efforts to expand market access and promote bilateral trade through exhibitions and other collaborative activities [3]