Potential risks of the trade with Mid-East area

At a time of increasing uncertainties in the world economy, more and more Chinese companies are turning their attention to markets such as Europe. What are the risks of exploring these markets? On the 10th, a special forum focusing on the export risks of the Middle East and Europe countries along the “Belt and Road” was held in Xiamen. The forum invited well-known European experts to effectively avoid risks of international trade for enterprises.

"According to the current global economic development trend, the opportunities for cooperation between Chinese and European companies will increase. However, although the EU economy will still grow in 2019, the speed will be very slow." Bi Ketao, head of Europe's core overseas recovery channel, China Credit Guarantee Remind Chinese companies to pay attention to risks. This includes overseas buyers' delayed payment of funds due to financial difficulties, and malicious defaults or false trade by buyers may occur. It is recommended that Chinese companies protect their own interests while going global. Do legal and financial due diligence before formal trade, understand the buyer ’s country and the company ’s own trends, improve legal documents, and do as much preparation as possible.