Home / Business / Textile Tools: Save | Print | E-mail | Most Read | Comment
Textile export move likely
Adjust font size:

China is likely to work out a method to monitor the country's textile exports to the European Union when the current agreement on textile trade expires at the end of this year.


The Ministry of Commerce yesterday organized a meeting with major textile and garment exporters to discuss ways to avoid abrupt export increases to the EU next year, according to sources.


When quotas on textile trade were removed worldwide in 2005, China saw such a robust growth in textile and garment exports to some major markets, including the United States and the European Union that many foreign competitors feared "Made in China" textile products would wipe out their local industries.


Their fears were allayed when China reached agreements with the two economies to cap the growth rate of textile trade in 2005.


Many textile exporters, in particular those focused on the European market, are waiting for a possible policy step by the government as China's largest trading event, the Canton Fair, is due to open next Monday, said an official with a Guangdong-based textile company who declined to be named.


Many US and European buyers place orders for the next year at this fair. A new regulation will affect these new orders.


China's textile exports to the EU are not expected to see sharp increases next year, experts said.


The country is expected to see a steady growth in textile exports to the European Union, Wang Shenyang, chairman of the China Chamber of Commerce for Import and Export of Textile, said at his meeting with representatives of some European textile industry associations.


China's textile exports to the EU increased just 5.5 percent in the first five months this year over the same period last year.


The fast growth in textile trade in 2005 had triggered serious conflicts between the two economies.


(China Daily October 10, 2007)


Tools: Save | Print | E-mail | Most Read
Pet Name
China Archives
Related >>
- Tax Rebate Cut Changes Textile Export Strategy
- Textile and Apparel Exports Expected to Grow Slower in 2007
- Foreign trade of textile, garments rising in first 8 months
Most Viewed >>

Nov. 1-2 Tianjin World Shipping (China) Summit
Nov. 7-9 Guangzhou Recycling Metals International Forum
Nov. 27-28 Beijing China-EU Summit
Dec. 12-13 Beijing China-US Strategic Economic Dialogue

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?