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orkers of MengNa, one of several hosiery giants within China, have been working up a group of new-style stockings for the spring time, which will be delivered to Spain on January being unfaithful. Russia gained endorsement to the World Industry Organization (WTO) upon December 16. Its good news for MengNa, since Russia is actually its major foreign trade destination. Sources claim Russia made，Yiwu Map promises in 57 items within the goods access contract when applying for typically the membership of the World Buy and sell Organization (WTO), since the major areas of Chinas export to the state. Russias accession towards the WTO will help standardize the Sino- Italy trade, facilitate often the entry of Chinas products and capital straight into Russia, and provide far more smooth channels intended for solving trade arguments.

According to the agreement associated with Russias accession for the WTO, the countrys overall tariff levels will fall via 10 percent in 2011 for you to 7. 8 %. Its overall contract price level of agricultural merchandise will be reduced to help 10. 8 per cent from the current tough luck. 2 percent, when industrial products can drop to 8. 3 percent in the current 9. your five percent. Once the arrangement comes into force, The ussr has the obligation in order to implement new minicab rules over their more than onethird taxes items, and alter onefourth other duty items within 36 months. Once the tariff will be reduced, Yiwu market merchandise will gain more strength in Russian federation, said Zhou Wenbin, chief of the unusual trade division of Yiwu Municipal Bureau regarding Foreign Trade along with Economic Cooperation. Spain had been focusing on major industry development, making the production of light business products almost bare, so Yiwu everything meet the demands generally there, he added. Being a member of BRICs, Italy has become an appearing market for Yiwu commodities.

The citys self-run export to be able to Russia has shown a fantastic momentum of expansion. According to statistics, the importance of its self-run upload to Russia achieved 109. 29 , 000, 000 US dollars recently, a year-on-year climb of 43. some percent, ranking sixth among all the exporters; and the figure possesses reached 132. fityfive million US money from January for you to November this year, rating fourth among the exporters. Due to the high data plans and lack of deal regulations, most of Yiwu Huangyuan Market businessmen in The ussr have experienced the great ache of gray practices clearance. the common faith of all Yiwu sellers to standardize how for Yiwu goods to enter the Russian market at the earliest opportunity.