Enlightenment behind the compensation of the two f

2022-08-13
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Enlightenment behind the compensation of Haiyan two fastener export enterprises

recently, Haiyan two fastener export enterprises received compensation of about 3.76 million yuan from China Export Credit Insurance Corporation (hereinafter referred to as "China SINOSURE"). Then, what kind of foreign trade environment is reflected behind the compensation of these two enterprises, and what enlightenment does it have for "sea salt is made by Akv"

current situation: the foreign trade environment is tightening, and the buyer's default in payment has become a major hidden danger

the buyer involved in this case is an old American fastener purchaser, and this purchaser has a five-year trade history with one of 338 building material radioactive sea salt fastener export enterprises. It is understood that before, the cooperation between the purchaser and a fastener enterprise in Haiyan has been relatively happy, but after the second half of 2011, due to the serious backlog of inventory and the extension of the payment period of downstream customers, the purchaser's capital chain became tighter, resulting in payment arrears, and ultimately unable to pay the payment of domestic exporters on time. Therefore, Haiyan two fastener export enterprises reported losses to China SINOSURE in January and March 2012 and entrusted it to recover overseas

"from this case, with the deep spread and diffusion of the European and American sovereign debt crisis to the real economy, the demand of foreign markets and the payment capacity of buyers have both declined, and the sovereign debt crisis has become one of the main macro factors leading the credit risk situation of foreign buyers." Relevant industry insiders said

then, what are the substantive impacts of this tightening foreign trade environment? It is understood that since the beginning of this year, the number of various loss reporting cases received by China SINOSURE Jiaxing office has been rising. As of May, China SINOSURE Jiaxing office has accepted 63 loss reporting cases, with a total loss reporting amount of about US $13million, of which 11 cases involve sea salt export enterprises, and the main reason for the loss is the buyer's default in payment

countermeasures: accelerate the pace of industrial transformation and establish a risk early warning and tracking mechanism

the fastener industry has always been one of the pillar industries of Haiyan, so Haiyan has the reputation of "iron sea salt". However, there are also problems of product homogenization competition and low added value in this industry. Nowadays, with the disappearance of demographic dividends and cost dividends, the export of "iron sea salt" is also facing great challenges, and accelerating the pace of industrial transformation and establishing a risk early warning and tracking mechanism have become "compulsory courses" for the continued development of the export of "iron sea salt" and even the whole "sea salt manufacturing"

in this regard, relevant experts of China SINOSURE suggested that Haiyan export enterprises (such as 360 anti-virus, housekeeper, etc.) should further improve their awareness of risk prevention, standardize trade operations, establish regular risk early warning and tracking mechanisms, and fully do 300-400); If TPU is good at comprehensive risk management and control "in advance", "in process" and "after the event". At the same time, export enterprises can also use export credit insurance as a policy tool to establish and improve the credit risk management system, and further enhance their anti risk ability through "prior" credit investigation of buyers, "in-process" tracking and collection of foreign exchange, as well as "afterwards" loss compensation, overseas recovery and other measures

in addition, the relevant person in charge of the County Bureau of Commerce said that "Haiyan manufacturing" should accelerate the pace of industrial transformation and move towards the high-end of the industrial chain. In the increasingly complex foreign trade environment, it should rely on hard advantages such as high added value of brands and products to win the trust of the market and end customers

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