The difficulties in import and export trade are temporary

In order to prevent and control the new coronavirus pneumonia, some countries and regions have taken control measures on the mainland of China. In the area of trade, Indonesian trade minister AGUS recently said he was considering whether to impose import restrictions on Chinese goods. All of this naturally raises concerns about China's import and export prospects in 2020.

Travel restrictions have limited impact on import and export trade. First of all, these restrictions are aimed at the travel of people, not goods. In the first quarter, the import and export mainly fulfilled the existing contracts, and there are no new major restrictions on the import and export of goods.

Secondly, because the interests of international trade include both China and foreign countries, China's import and export are blocked, and the other side of trade will suffer losses. Therefore, not only China itself, but also China's overseas trade partners will strive to overcome and promote the lifting of tourism restrictions, and strongly oppose trade restrictions.
If the new coronavirus epidemic can be alleviated significantly by the end of March, it is estimated that some countries will relax tourism restrictions, and the possibility of implementing trade restrictions is less. Therefore, the key is whether China can effectively prevent and control the epidemic as soon as possible.

The impact of the epidemic on import and export trade is also temporary. At present, the interests of people's life and health are higher than those of import and export. Therefore, different ways of isolation, postponement of resumption of work and reduction of contact cannot be relaxed even if they temporarily affect production and trade. But on the other hand, according to the existing arrangement, after the enterprise returns to work 9 days later, the performance of the existing contract can be completely carried out as before, or a small part of it can be delayed due to force majeure. Even if the enterprise has a holiday, the shipment of many port goods has not stopped, and the import has not stopped. A large number of urgently needed medical supplies and foreign donated materials enter through the customs source.