Home / Knowledge / News / Apparel/Garments / Protectionism barriers to hurt more than slowdown
Protectionism barriers to hurt more than slowdown
06
Feb '09
Exports from the Asian major textile and garment producing countries like China, India, Pakistan, Bangladesh and Vietnam are expected to fall appreciatively in 2009 for reasons other than the slowdown in demand from the developed countries. There is a growing fear that protectionism measures undertaken by different countries to save their industries could cause more harm in the current year.

Already countries like Mexico, Argentina, Indonesia and Egypt have put in place a series of tariff barriers in a bid to discourage imports of materials which are manufactured domestically. The biggest fear stems from announcement made by the largest importer nation in the world; the US, where the new administration has introduced a 'Buy American' provision in the stimulus plan to restrict imports.

In a period of recession, textiles and apparels is one of the first categories to be shunned by a consumer, and it is this fear that is troubling exporters of textiles and clothing worldwide. No one is willing to bet, as to when the current ongoing recessionary trends will come to an end and markets will stabilize once more as in the pre 2008 days, which is also causing concern among exporters as, if this crisis continues for long, it will be become difficult to survive for long.

Now, the fear of protectionism measures emanating from more and more countries is sending waves of jitters amongst the Asian textile and garment exporting community. It is widely expected that more countries will join this fold in the near future if things do not get back to normal quickly. They have bid adieu to the days of heady growth of the last few years and are only praying that they may be able to survive through these difficult times.


Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Reliance Industries

Textiles | On 24th Apr 2017

Reliance’s FY17 revenue from petrochemicals up 12.2%

Increase in prices across polymers and polyester chain has...

Textiles | On 24th Apr 2017

India, Kazakhstan to increase cooperation in textiles

Indian and Kazakhstan are deliberating upon increasing cooperation in ...

Textiles | On 24th Apr 2017

GST reflects 'One nation, One aspiration' spirit: Modi

Prime Minister Narendra Modi has said that the Goods and Services Tax ...

Interviews View All

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search