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China's textile & clothing exports climb 3 times in last decade
22
Nov '11
China's textile and garment exports accounted for about 16 percent of total global exports from the sector in 2001, which skyrocketed to 32 percent in 2009 and around 33 percent in 2010, according to data from the World Trade Organization.

After 15 years of lengthy negotiation, China finally became a WTO member officially on December 11, 2001.

During the decade after entering the WTO, China's textile and garment exports achieved double-digit growth, posting a near three-time cumulative increase in the decade and has now deservedly become the world's largest exporter of textiles and clothing.

Statistics from China Textile Industry Association show that China's textile and garment exports amounted to US $ 206.5 billion in 2010, representing an increase of 268.75 percent compared with 2000.

Experts from China Textile Industry Association believe that the country turned in to powerhouse for textile and clothing exports, after Europe and the US gradually lifted quota restrictions on Chinese textile and apparel products after China's accession to the WTO.

Fibre2fashion News Desk - China


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