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Motexha confirms Dubai's prime status, China & India top world textiles
27 Mar '06
4 min read
Motexha is the largest trade show in the Middle East for fashion, textiles, leather and accessories announces that Dubai's leading role as the textile trading hub for the Middle East, South Asia and Africa region has been cemented as studies indicate that two of Asia's economic giants, China and India are posting major gains in the world textile and clothing exporting markets in the post Multi Fibre Agreement Era.
Manufacturers from India and China have been flocking to Dubai in order to gain access to the highly lucrative market in the Middle East region, as was manufacturers from elsewhere in the world.
The three-decade-old quota system on international textile and apparel shipments was dismantled at the end of 2004, with experts predicting that China and India would probably come to dominate about 80 per cent of the global textile market in the post-MFA era, while the rest of the world would share the remaining 20 per cent.
"Dubai's strategic advantage is the close proximity to the exporting countries and its historical position as the trading hub for a region that spans across South Asia, Middle East, Africa, and lately Europe," says Geoffery Booy, Exhibition Director, Motexha 2006.
"With the opening up of global markets, Dubai as a trading destination for textiles has been firmly put in place, evidenced by the number of traders and buyers who are flocking to the city to conduct their business."
"Dubai is significantly advantaged by the concerted efforts taken by China and India in the textile sector and the traditional well entrenched trading relationship it has had with the Asian majors," says Booy.
"India especially is eyeing major gains in the coming year as the country has cut key duties and enhanced the allocation for the technology upgradation fund in the textile industry."
Manufacturers from India and China have been flocking to Dubai in order to gain access to the highly lucrative market in the Middle East region, as was manufacturers from elsewhere in the world.
The three-decade-old quota system on international textile and apparel shipments was dismantled at the end of 2004, with experts predicting that China and India would probably come to dominate about 80 per cent of the global textile market in the post-MFA era, while the rest of the world would share the remaining 20 per cent.
"Dubai's strategic advantage is the close proximity to the exporting countries and its historical position as the trading hub for a region that spans across South Asia, Middle East, Africa, and lately Europe," says Geoffery Booy, Exhibition Director, Motexha 2006.
"With the opening up of global markets, Dubai as a trading destination for textiles has been firmly put in place, evidenced by the number of traders and buyers who are flocking to the city to conduct their business."
"Dubai is significantly advantaged by the concerted efforts taken by China and India in the textile sector and the traditional well entrenched trading relationship it has had with the Asian majors," says Booy.
"India especially is eyeing major gains in the coming year as the country has cut key duties and enhanced the allocation for the technology upgradation fund in the textile industry."
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