Structural Transformation of Zhejiang Foreign Trade: From Goods Trade to Service Trade

Goods trade and service trade are two organic parts of foreign trade. With the status of service trade in international trade going up continuously, the international trade structure is undergoing a profound change. Based on the analysis of the development of Zhejiang foreign trade from 1995 to 2004, the paper holds that Zhejiang is faced with many problems in its foreign economy and trade. The development of Zhejiang service trade is slow and still in a weak position, and matches neither with that of goods trade nor with the whole economic development. It is of great strategic significance for Zhejiang to gradually improve the international competitiveness of service trade by making the structural transformation from goods trade to service trade in order to participate in the international division of labor effectively and improve its international economic status.