The tensions in the Middle East is what China service on the acceptance of orders in the region. While exports have not substantially affected, officials are careful to ensure the goods against cancellations and delays.
At the height of the financial crisis, turned many suppliers in China to help developing countries such as the Middle East, sales increase. The same companies are now the unstable political situation in the affected area may have a negative impact on their export business. Many of them are buying insurance against credit losses.
The Ceramics Industry Association of China 30 percent of the jobs gave to the manufacturers in Foshan, Guangdong Province, buyers from the Middle East were canceled earlier this year. These include goods that have already been loaded for shipment. The Middle East accounts for over 15 percent of exports of Foshan ceramics.
In March, Fuzhou Fedtex Garment Co. Ltd. to modify a request by one of your customers to the destination port in Yemen in order to have any conflict to be avoided. To protect against failures and delays in the shipment, the company insured products bound for the Middle East. The cost of insuring the goods is between $ 0.05 and $ 0.07 per piece, and the export prices.
Sinosure is the only company in China ensures that products are sent to countries with political or economic instability. Providers can back up to 90 percent of the value of their property, “he said, if they are insured. Sinosure claims have more than 200 million yuan ($ 30,000,000) as compensation for some companies, the construction project were received in Libya.
Apr
21