Shandong Dongying Establishes Import & Export Chamber of Commerce

On September 11, it was learned from the Dongying City Bureau of Commerce that the establishment of the Dongying City Import and Export Chamber of Commerce was recently held and representatives of 60 companies attended the inaugural meeting.

On the morning of September 5, Wanda Holdings Group Co., Ltd., Dongying Fangyuan Nonferrous Metals Co., Ltd., Shandong Hengfeng Rubber & Plastics Co., Ltd., Jinyu Tire Group Co., Ltd., Shandong Kerui Petroleum Equipment Co., Ltd., Dongying Haixin Petroleum Equipment Co., Ltd. The establishment of the Dongying Import and Export Chamber of Commerce, which was initiated by seven companies of Dongying Baofeng Auto Parts Co., Ltd., was held at Wanda International Building. A total of 60 corporate representatives attended the meeting. The meeting reviewed and approved the "Dongying City Import and Export Chamber of Commerce Constitution" (Draft), "Dongying City Import and Export Chamber of Commerce Management Fees Regulations" (draft), the election of president, vice president, secretary general and other candidates.

In recent years, Dongying’s foreign trade economy has developed rapidly. Last year, the city’s foreign trade import and export exceeded US$13 billion for the first time, reaching US$13.15 billion, an increase of 7.2% year-on-year. Since the beginning of this year, the import and export of foreign trade in the city has maintained a steady growth despite the continuous decline in the prices of international bulk raw materials and the “double counter” investigations on export of rubber tires and petroleum tubing. From January to July, the import and export volume reached 7.55 billion U.S. dollars, of which exports were 3.67 billion U.S. dollars and imports were 3.87 billion U.S. dollars. The total volume of imports, exports, and imports continued to remain the 6th, 5th, and 4th places in the province. There are 448 enterprises with import and export achievements in the city, of which 2 companies have exceeded US$1 billion in exports and imports, 17 have exceeded US$100 million, and 43 have over US$10 million. Exports cover 189 countries and regions around the world. There are 88 countries and regions.

The establishment of the Dongying Import and Export Chamber of Commerce will further build a bridge between the government and enterprises, guide enterprises to strengthen industry self-regulation, standardize import and export order, deal with international trade frictions, participate in international competition, and promote Dongying enterprises to accelerate the pace of “going out” and help Push the city's foreign trade further bigger and stronger.