Home / Knowledge / News / Apparel/Garments / FTA with ASEAN will not make it easy for Chinese exporters
FTA with ASEAN will not make it easy for Chinese exporters
20
Nov '09
Just over a month is remaining for the China - ASEAN Free Trade Agreement (FTA) to come into effect on January 1, 2010, which means a more open and a large regional market will soon open its doors to the Chinese textile and garment industry.

This may sound like sweet music for the Chinese textile and apparel industry in particular as it is still reeling from the impact of the global recessionary trends, which has led to a slowdown down in demand from its key overseas markets.

According to the FTA agreement, China's exports of textiles, shoes and apparel products are expected to get zero-tariff treatment from the ASEAN countries, which will mean a larger market for Chinese exporters without any tariff restrictions and also may mean hopes of survival to many troubled export enterprises.

However, from a realistic point of view, it is still difficult to ascertain whether the ASEAN countries will really be able to fulfill the expectations of the exporters who are hoping that these markets will be able to generate good business, to make up for the shortfall in orders from developed countries.

On the other hand, many Chinese enterprises are already enjoying zero-tariff treatment from ASEAN countries through other free trade zones set up by 2002 in ASEAN countries, which means that relevant market development work has already been carried out.

Therefore, some experts and companies believe that it will be difficult to achieve a breakthrough in developing exports to the ASEAN market after the China - ASEAN FTA comes into force.

Fibre2fashion News Desk


Must ReadView All

Apparel/Garments | On 26th Jun 2017

GSTN registration reopens

E-commerce operators and TDS (tax deducted at source) deductors can...

Textiles | On 26th Jun 2017

Expedite release of ROSL pending claims: TEA to Centre

The Tiruppur Exporters' Association (TEA) has again urged Union...

Textiles | On 26th Jun 2017

'Export promotion schemes to continue under GST regime'

The export promotion schemes will continue under GST regime, said...

Interviews View All

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Dinaz Madhukar
DLF Emporio and DLF Promenade

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Igor Chapurin
Chapurin

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts 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

news category


Related Categories:
July 2017

July 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