China News Service, February 28. The China Council for the Promotion of International Trade held a regular press conference for February on February 28. At the meeting, Yang Fan, spokesperson of the China Council for the Promotion of International Trade, released the global economic and trade friction index for December 2023. From the comprehensive index, the global economic and trade friction index for that month was The friction index is 260, which continues to be in the high range, 38 points higher than the same period last year and 90 points higher than the previous month.
The amount involved in global economic and trade friction measures increased by 14% year-on-year and 66.5% month-on-month.
Looking at the country index, Argentina, India and the United States rank among the top three in economic and trade friction index among 20 countries (regions), and the United States, the European Union and Japan rank in the top three in terms of the amount involved in economic and trade friction measures.
Compared with the same period last year, the United States, the European Union, Japan and India continued to maintain high levels, and Argentina rose from mid-low to high, with a significant increase compared with the same period last year.
Judging from the industry index, the electronics, machinery and equipment, light industry, pharmaceutical and transportation equipment industries are the main points of conflict for economic and trade friction measures.
Among the 13 major industries monitored, the electronics industry ranks first in the Global Economic and Trade Friction Index.
Judging from the sub-index, the 20 countries (regions) monitored issued a total of 24 import and export tariff measures, launched 3 trade remedy investigations, and submitted TBT (technical barriers to trade) notifications and SPS (sanitary and phytosanitary measures) notifications to the WTO. 65 items, 44 import and export restriction measures were issued, and 124 other restrictive measures were issued.
Among them, the import and export restriction measures index ranks first among the five types of measures index.
Since the beginning of this year, except for the year-on-year increase in trade remedy measures, the other four types of sub-measures have continued to show a year-on-year decline.
In terms of China-related economic and trade frictions, the China-related economic and trade friction index of 19 countries (regions) was 1,649, which was at a high level and increased by 1,497 points from the previous month.
Among them, the United States has the highest China-related economic and trade friction index, followed by Brazil, and Argentina ranks third.
The amount involved in economic and trade friction measures involving China in 19 countries (regions) in that month increased by 15.1% year-on-year and 131.8% month-on-month.
The China-related economic and trade friction index in the electronics, mechanical equipment, light industry, pharmaceutical and transportation equipment industries is at a high level.