Aim to expand maritime links
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THE China-Asean Maritime Product Exchange (CAMPE) plans to expand its trading in fishing and maritime products throughout the Asean region in two years, an executive said. By the end of this year, CAMPE will set up a trade centre for maritime products in
With support from the Chinese Foreign Ministry, the China-Asean Marine Product Exchange headquartered in Fuzhou, was set up in October 2014 to serve marine product manufacturers, processing companies and traders in Fujian and Asean.
China has put in 3 billion yuan (Bt16.36 billion) to set up a China- Asean Maritime Cooperation fund for the purpose of CAMPE. If negotiations with partners in Asean countries go smoothly, similar trade centres or brokers for the fishery trade will also be opened in Singapore within this year, Tao said.
The plan included trading outlets or brokers in Thailand, Indonesia and Vietnam by 2016, the Philippines, Brunei, Laos and Myanmar in 2017, he said. Exchange markets for maritime products outside China would be a trade centre and broker, rather than a full-scale exchange market, he said.
CAMPE in Fuzhou spot trades on maritime products but Tao said if the business goes well, it also has a plan to open future markets for maritime commodities. Two-way trade in maritime products with Asean has currently reached $3 billion. “We mostly import from Asean countries while exporting some processed fishery products back to Asean, like Singapore,” he said.
The CAMPE has implemented the membership system with members coming from the marine products, processing and trade enterprises of China and Asean. It transacts by spot goods: ‘transaction online, deliver offline, and settle in cross border trade,’ via an e-commerce service.
Importer Hsu Chunchan said the exchange market made trading in fisheries more convenient. He imported fish and other marine products from Indonesia, Malaysia, Vietnam and Thailand, at more than 52, 000 containers a year.
The CAMPE guaranteed the delivery and quality of the goods, Hsu said, and noted that he goes to the market to check the quality of the products personally.
