He further adds that, With the development of economic
globalization and the gradual strengthening of the multilateral trading system,
the roles of traditional trade protection measures such as tariffs, quotas,
permits and other means have been greatly weakened.
Many of the WTO members have recourse to various trade
protection measures, which on the surface do not directly conflict with
international rules. These measures often appear in the face of fair
trade", which is necessary to protect human health, ecological environment
and the interests of consumers.
Li Enheng believes that the developed members are the main
initiators of the new protectionism. Theoretical basis, policy measures,
targets and implementation results have notable differences with traditional
trade protectionism, thus being dubbed as "new protectionism",
"new-mercantilism" or "economic nationalism" and other
names.
The growing power of China in the global market is likely to
incite apparel consumption in the forthcoming years. A big challenge lying
ahead for the country is the changing trade environment which makes, long lead
time trade, and forecasting vague. Despite the textile protectionist measures,
the country is concerned to keep its export economy humming. China has become adept for dealing with various trade restrictions and dominate the trade in the
global market.