Home / Knowledge / News / Textiles / Mexico in search of allies to support its case in WTO
Mexico in search of allies to support its case in WTO
22
Oct '12
Mexico, which filed a complaint last week in the World Trade Organization (WTO) accusing China of violating international norms by giving subsidies and tax incentives to textile companies, is now in search of allies to support its case.
 
Some other countries may join the Mexican camp in the next one or two months, Reuters quoted Francisco de Rosenweig, Mexico’s undersecretary for foreign trade, as saying.
 
The official felt that having allies in the dispute would help in putting more pressure on China.
 
In its complaint to the WTO, the Mexican Government said China provides various subsidies to the Chinese companies in the form of exemption in income tax, value-added taxes and municipal taxes.
 
The complaint cited cash payments from government agencies, discounts on loans, land rights and electricity tariffs as some of the subsidies provided by the Chinese Government to textile and apparel companies.
 
As per WTO norms, China has to give a satisfactory explanation and resolve the dispute within 60 days of the filing of the complaint.
 
Mexico has massive textile trade deficit with China. In 2011, Mexico exported textiles and garments worth US$ 88 million to China and imported goods worth US$ 1.07 billion.
 

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: UPM Raflatac

Apparel/Garments | On 17th Jan 2017

New residue free textile label adhesive from UPM Raflatac

Producer of self adhesive label materials UPM Raflatac, has...

Courtesy: Authentic Brands Group

Apparel/Garments | On 17th Jan 2017

Teen retailer Aéropostale reopens 500 stores in US

Teen apparel retailer Aéropostale has reopened 500 stores in the US,...

Courtesy: Centric Software

Information Technology | On 17th Jan 2017

Centric releases version 6.0 of PLM solution

Centric Software, the leading PLM solution for fashion, retail,...

Interviews View All

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Kevin Nelson
TissueGen

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

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing 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
January 2017

January 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