Textile Products Exported To Nigeria, Beware Of "Drain Water".

< p > China's a href= "//www.sjfzxm.com/news/index_c.asp" > Shaoxing < /a > Office recently received a new warning from Zhejiang branch: "the trade risk of Nigeria exported to Zhejiang has risen sharply, and the textile enterprise is the hardest hit area."

The leaders of the Shaoxing Office of the China Insurance Office reminded Keqiao export enterprises that they should pay attention to this.

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< p > in recent years, the international political and economic changes have brought great risks to many a href= "//www.sjfzxm.com/news/index_c.asp" export enterprises in Keqiao district. For this reason, many foreign trade enterprises have "exported to the sea" through export credit guarantee.

In the 1-4 month of this year, 20 export orders worth 5 million 280 thousand US dollars in Keqiao district were almost bad debts. Fortunately, there were export credit insurance "convoys".

The reporter learned from China's Shaoxing Office of insurance and assurance that in the first 4 months of this year, the amount of Keqiao reported loss increased by 15.11%, far higher than the average level of the whole city by nearly 10 percentage points.

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< p > Africa < a href= "//www.sjfzxm.com/news/index_c.asp" > emerging market < /a > is the growth point that Keqiao foreign trade export enterprises have actively explored in recent years.

However, uncertainties in the emerging markets of Africa also increase corporate risk.

Especially since 2013, the trade risk of exporting to Nigeria has increased sharply.

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< p > according to the data of China credit insurance Zhejiang branch, in 2013 1-12, China's credit insurance Zhejiang Branch received a total of 6 million 490 thousand dollars due to arrears, rejects and bankruptcies of the buyers in Nigeria. Among them, the losses reported by the textile enterprises amounted to US $5 million 30 thousand, accounting for 78% of the total reported losses.

"This situation has continued to the present."

The person in charge said.

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< p > reporter learned from the Keqiao District Commerce Bureau that Nigeria is one of the African markets successfully developed by Keqiao foreign trade enterprises. 69 textile enterprises in Keqiao district have maintained close trade contacts since this year.

Due to the impact of Nigeria's trading environment, Keqiao's trade with Nepal showed a downward trend in the first 4 months of this year, a decrease of about 2% compared to the same period last year.

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< p > facing the difficult African market, exporters can not give up at risk.

To this end, the Shaoxing Office of the insurance company has provided several risk warnings to the export enterprises: paying attention to the credit risk of small and medium-sized buyers. The export enterprises should set up awareness of risk warning before exporting goods, collect the buyer's relevant information in various ways and collect the buyer's relevant information from the buyers in Nigeria, conduct the professional audit of the buyer's qualification, make the risk control in advance; pay close attention to the potential risks of the Form M (import inspection) system in Nigeria, grasp the whole process of the paction, guard against it in time, and avoid the risk of foreign exchange due to the defects of Form M.

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