On May 29th, the second UAE China Tire & Auto Parts Expo was held in Sharjah Exhibition Center, UAE. As the penetration rate of the vehicle in the Middle East area is very high, and UAE is the economic center and transport hub in Middle East, UAE is a very important market for the tire manufacturer. Doublestar attended the exhibition, showing the new products and technologies.

    Recently, Doublestar Cambodia Tire Factory officially laid its foundation in Kratie, Cambodia. In order to meet the increasing demands of the overseas market, Doublestar and UBE DEVELOPMENT Co.Ltd. jointly established Doublestar (Cambodia) factory with an annual production capacity of 8.5 million high-performance radial tires (including 7 million PCR tires and 1.5 million TBR tires). The factory covers an area of 400,000 square meters with a total investment of approximately 210 million US dollars. The Premier of Kratie Province, Mr. Chai Yongsen, Chairman of Doublestar Group, Mr. Zhang Qirong, Chairman of Zhongqi Group, the government leaders and Cambodian partners attended the groundbreaking ceremony.     Doublestar will make full benefit of scale economy to improve the industrial competitiveness in the global tire market, especially in European, American and ASEAN regions. At the same time, the new production line uses the advanced equipment, which can mostly reduce the production loss, improve the efficiency, save costs and improve the manufacturing technique, achieving comprehensive and high-quality development.  

  From March 8th to 10th, the Tyexpo Asia was held in Singapore Expo Center. As the most professional tire exhibition in Asia, this year, the number of exhibitors is up to 281, and it received over 6,000 professional audience's attention.

On April 20th, Chnbrand, a leading brand rating and brand consulting agency in China, released the research results of this year's China Brand Power Index. Doublestar tire is ranked No.1 among all Chi

Source: Xinhua   BEIJING, Jan. 1 (Xinhua) -- The Regional Comprehensive Economic Partnership (RCEP), taking effect on Saturday, shines rays of hope through the dark clouds of unilateralism and protectionism. Consisting of 15 Asia-Pacific countries -- the 10 members of the Association of Southeast Asian Nations and their five large trading partners: China, Japan, the Republic of Korea, Australia and New Zealand, the RCEP forms the world's largest free trade area. Covering about 30 percent of the global population, gross domestic product and trade volume, the agreement has marked a new stride toward regional economic integration among Asia-Pacific countries, as well as a victory of multilateralism and free trade. The entry into force of the agreement is of great significance for promoting free trade, reinforcing the industrial and supply chains and quickening global economic recovery, analysts said. TARIFF INCENTIVES RCEP is especially useful in removing tariffs and non-tariff barriers amid economic revival efforts, said Oh Ei Sun, a senior fellow at Singapore Institute of International Affairs. After the RCEP comes into force, more than 90 percent of the import tariffs between participating countries will be phased out, bringing benefits to both enterprises and consumers, said China's Ministry of Commerce. According to the ministry, the import and export of goods worth more than 1.4 trillion U.S. dollars annually between China and other RCEP members will be subject to preferential tariffs following the RCEP implementation. Qingdao Doublestar Tire Industrial Co., Ltd., located in east China's Shandong Province, has witnessed its orders to be delivered in January to RCEP countries skyrocketed by 120 percent year on year as the tariffs in member states such as Indonesia and Laos are reduced to zero. The RCEP has also optimized trade rules among signatories, streamlined procedures to facilitate cross-border logistics and promote wider opening-up in the services-trade sector. The operation of RCEP will propel economic recovery of all member countries with a larger market and more convenient trade, said Liu Xiangdong, a researcher with the China Center for International Economic Exchanges STRONGER INDUSTRIAL CHAINS Besides the direct "dividends" such as tariff reduction and trade facilitation, industry insiders believe that the RCEP can help restructure the intra-regional industrial value chain and speed up an economic resurgence in the post-COVID-19 era. The implementation of the cumulation provisions of the rules of origin under RCEP is conducive to lowering the threshold for enjoying tariff preferences and improving the layout of the industrial chains in the region, said Shen Minghui, a researcher with the Chinese Academy of Social Sciences. It has facilitated operation of the production network and tied different economies closer to each other, he said. The implementation of RCEP has fully demonstrated the determination of countries in the region to maintain stable and secure supply chains in the post-pandemic era, said Zhou Mao, deputy director of the Institute of International Trade at Southwestern University of Finance and Economics. "The trend of defending multilateralism and free trade in a large number of countries is irreversible," he added.