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

Apparel/Garments | On 23rd Feb 2017

NAFTA renegotiation puts Mexico-US jeans trade at risk

The almost imminent renegotiation of the North America Free Trade...

Rick Helfenbein (left), president and CEO of AAFA, with Juan Estrada, chief of party, Hub; Courtesy: Hub

Apparel/Garments | On 23rd Feb 2017

AAFA inks agreement for best manufacturing in East Africa

The American Apparel & Footwear Association (AAFA) has entered into a ...

Mango vice-chairman and member of the board of directors Daniel Lopez (L) with Ananth Narayanan, CEO, Myntra & Jabong. Courtesy: Myntra

Apparel/Garments | On 23rd Feb 2017

Mango awards distribution & management rights to Myntra

Mango, the Spanish fast fashion brand, has awarded its master...

Interviews View All

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search