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Lifting of quotas on Chinese goods may hurt domestic companies
09 Jan '09
1 min read
The impact the expiry of quotas on imports from China on the South African textile industries is the 'talk of the town' currently. It is further contemplated that the Department of Trade and Industry (DTI), South Africa will renew the tenure of the qoutas due to the "massive and systematic" fraud involved in Chinese imports.
On the contrary, extending or not extending the quotas will not create a drastic change in the country's economy. The major threat to the country lies in its own apparel sector and the Government. The DTI lacks adequate co-ordination for the SA clothing and textile sector.
Questions have also been raised to Ms. Smith, Director of the Textiles, Clothing, Leather & Footwear Division in a presentation in Durban about the Customised Sector Programme (CSP) which was planned earlier during 2006.
Click here to read full news article.
On the contrary, extending or not extending the quotas will not create a drastic change in the country's economy. The major threat to the country lies in its own apparel sector and the Government. The DTI lacks adequate co-ordination for the SA clothing and textile sector.
Questions have also been raised to Ms. Smith, Director of the Textiles, Clothing, Leather & Footwear Division in a presentation in Durban about the Customised Sector Programme (CSP) which was planned earlier during 2006.
Click here to read full news article.
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