International Trade Friction-prone Ningbo Foreign Trade Company Installs "Warning Radar"

In order to prevent international trade friction and reduce business losses in advance, Ningbo City has set up a special “precautionary point for coping with international trade frictions” to collect friction information on international trade and take countermeasures.

It is understood that in recent years, foreign trade companies in Ningbo have continuously encountered international trade frictions such as anti-dumping and anti-subsidy, which has reduced the export of billions of dollars every year. In various trade frictions, because of the lag in information, enterprises have often been investigated by foreign countries but they are unaware of it, thus losing the opportunity to respond. Ningbo City decided to set up more than 10 trade associations that are prone to trade frictions such as stationery, presses, and lighters to set up a “warning of international trade friction warning points.” Ningbo Ding Haibin, deputy director of the Bureau of Foreign Trade and Economic Cooperation, said that the role of early warning is twofold. One is to inform in advance, and the second is to take countermeasures in a timely manner. "If foreign countries do file a case, the company will be passive."

The more than 10 “precautionary points for dealing with international trade frictions” established by Ningbo City are mainly responsible for monitoring and analysis of the export dynamics of key markets in this industry. Once there is trade friction information, industry associations will immediately notify related companies and governments. , organize the company to respond actively. According to Ding Haibin, deputy director of the Ningbo Municipal Bureau of Foreign Trade and Economic Cooperation, this is actually a move forward in dealing with international trade frictions. It will play a positive role in the next step.