Zhejiang's Export Of Electromechanical Products The Situation And Development Strategy Study

The mechanical & electrical industry has an important position in international trade and the trade on high-tech products and its import and export volume is a main indication of a country or a region involving in international specialization and foreign trade competition. In Zhejiang province, mechanics and electricity are two leading industries and listed first among all exported items. Obviously, the development of the computer science and telecommunication networks will boost the steady growth of the trade of the electromechanical products. It is estimated that by the year of 2005, the export value will exceed $10.2 billion, accounting for 35 percent of the total export value. Faced with the imminent entry in the WTO, the new trend of the export market should be focused on. To further the export volume, forge the competitive advantage and increase its export competition, more efforts will be made in setting up reasonable development strategy, strengthening the R&D, technology innovation and technology improvement and fostering the economy of scale.