The impact of exchange rates on auto parts

2021-08-26 14:05:47

One type is accounting foreign exchange, which is mainly the barter trade between the governments of the Soviet Union and Eastern Europe, and some are the barter agreements between the national foreign trade department and some western countries, such as the imports from the 1960s and 1970s. Italy's Fiat 650E, Algeria, Morocco re-exported Bailey series cars. Bartering of Eastern European Countries Since the 1970s, the Swiss Franc, a legal currency of the Swiss-speaking countries, has been used as a monetary unit for both parties. The government trade delegations negotiate trades each year to determine the total volume of bilateral trade and balance the supply and demand manifest. After signing the agreement, each organizes production and delivery according to plan.

As far as automobiles and auto parts are concerned, within the scope of the bilateral negotiations negotiated by the governments of both countries, the National Ministry of Materials allocates indicators, validates the manifests, and China National Machinery Import and Export Corporation is responsible for foreign trade matters. This part of the order in the exchange rate of the country has a certain degree of subsidies, not fully settled according to the exchange rate, the customs tariff also has exchange rate subsidies, so relatively free than foreign exchange imported auto parts offer. After the adjustment of the RMB exchange rate, the national subsidies may be cancelled, and the exchange rate subsidies for customs duties may be reduced at the current exchange rate. Therefore, it is expected that the price of newly settled imported auto parts in Eastern Europe will increase significantly. The impact of domestic auto users is great. It can be foreseen that the demand for imported repair parts will be restrained, and more users will turn to domestic replacement parts. Of course, this will promote the development of localized parts. The relevant departments should take advantage of the situation and promote the planned launch of national alternative products. .

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