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

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Ritu Kumar
Label Ritu Kumar

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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
March 2017

March 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