Ministry of Commerce: The external environment for foreign trade development next year will be more complex and volatile.

According to the Zhitong Finance APP, on September 18, the State Council Information Office held a press conference to introduce relevant information about the 140th China Import and Export Fair (Canton Fair). Yang Tao, Director of the Department of Foreign Trade of the Ministry of Commerce, pointed out at the press conference that in the first eight months of this year, China's foreign trade continued its sound development momentum, with the characteristics of new drivers and an improved structure becoming more evident. Driven by scientific and technological innovation and industrial upgrading, high-tech and high-value-added products have gradually become the main growth engines of foreign trade. Looking ahead to next year, the external environment for foreign trade development will be more complex and volatile. Multiple international organizations have pointed out that trade barriers have significantly increased global trade costs, affected the security and stability of global industrial and supply chains, and brought great uncertainty to global economic and trade development.