The free and relaxed economic policy in the Middle East is also an important factor in attracting domestic ceramic enterprises. For example, in the UAE, except for 5% import duties, there are basically no other taxes, and even business tax, consumption tax, and income tax are not paid. At the same time, the UAE has no control over foreign exchange. Foreign exchange remittance and remittance are completely free. There is no need for approval by any administrative agency. Import and export personnel do not need to declare if they carry foreign exchange in and out.
In recent years, European and American countries have frequently launched "anti-dumping" investigations, which has led to a decline in the number of ceramic sanitary wares exported to Europe and the United States. In particular, the “anti-dumping” investigation initiated by the European Union for daily-use ceramic sanitary wares will cause more ceramic enterprises to reluctantly abandon traditional export markets such as Europe and the United States, and instead seek new export destinations. With the rise of new economies such as the BRIC and the Five Kingdoms, the Middle East, Africa, South America and other regions have received increasing attention. Especially in the Middle East, with its superior geographical position, broad market potential and strong economic radiation, it has become the “golden market” that the global ceramic sanitary ware industry is vying for. For the Chinese ceramic sanitary ware industry, the Middle East without trade barriers has become the first choice to avoid the "anti-dumping" cold current.
Low policy threshold
The free and relaxed economic policy in the Middle East is also an important factor in attracting domestic ceramic enterprises. For example, in the UAE, except for 5% import duties, there are basically no other taxes, and even business tax, consumption tax, and income tax are not paid. At the same time, the UAE has no control over foreign exchange. Foreign exchange remittance and remittance are completely free. There is no need for approval by any administrative agency. Import and export personnel do not need to declare if they carry foreign exchange in and out.
More notably, it is expected that the Dubai International Financial Center (DIFC) will allow trading in RMB this year. This is an important achievement of the internationalization of the RMB, which can benefit all foreign trade enterprises including the ceramic sanitary ware industry.
On the whole, the social and political environment in the Middle East is stable, the degree of freedom of economic openness is high, and the hidden operating costs and hidden operating risks of enterprises are relatively small. At the same time, the construction of urban infrastructure software and hardware is highly modernized and the business environment is excellent. This not only ensures the long-term development of the local economy, but also provides protection for foreign companies entering. As long as China's ceramic sanitary ware export enterprises can enter smoothly, they can basically guarantee that they will not have any worries.
All in all, regardless of geographical location, traffic conditions, market size and local policies, the Middle East is one of the top choices for the Chinese ceramic sanitary ware industry to expand overseas emerging markets.
Great potential new consumer body needs more development
The Middle East mainly refers to 24 countries and regions in West Asia and North Africa, including the United Arab Emirates, Saudi Arabia, Qatar, Libya, Bahrain, Egypt, Iran, Iraq, Algeria, etc., with an area of more than 15 million square kilometers and a total population of about 360 million.
The Middle East is in contact with Asia, Europe and Africa and communicates with the Atlantic and Indian Ocean hubs. The geographical position is very advantageous and the transportation is convenient. Historically, the Middle East played an important role in the exchanges between China and European countries. The famous Silk Road in ancient China started from Chang'an (now Xi'an) and passed through Gansu and Xinjiang to Central Asia and West Asia (now the Middle East). It has become a trade avenue for ancient Asia and Europe. Chinese silk, porcelain, tea and other goods are continuously transported to Central Asia and Europe; European wines, rare animals and birds, plants, leather goods, herbs, spices, jewellery, etc. are also shipped to China through the Middle East and the Silk Road. .
