Home / Knowledge / News / Textiles / Mexico wins support in its textile row against China
Mexico wins support in its textile row against China
05
Nov '12
Mr. BrunoFerrari
Mr. BrunoFerrari
Mexico has won support of the EU and six other nations, including the US, in its trade dispute against China, Mexican Secretary of Economy Bruno Ferrari said.
 
According to the Mexican Government, China extends subsidies to its textile and garment producers in the form of tax exemptions or reduced charges for goods and services like electricity and raw inputs. Moreover, producers in China also benefit from direct fund transfer and debt forgiveness policies of the Chinese Government.
 
Claiming that such subsidies have proved detrimental for the domestic textile and apparel industry, in October this year, Mexico invited consultation with China under the World Trade Organization (WTO) framework, which is a precondition for demanding establishment of a dispute settlement panel.
 
However, considering the number of proofs needed to establish a direct relation between the subsidies granted by China to its industries and it impact on the Mexican textile and apparel industry, the fight is not going to be an easy one, Mr. Ferrari added.
 
Although he does not foresee a mutually acceptable solution to the row, Mr. Ferrari said representatives from Mexico and China would meet at WTO’s Geneva-based headquarters in the third week of November in an effort to reach an amicable solution that can avert the need for establishment of the dispute settlement panel.
 
As per WTO norms, other member countries can extend their support to the applicant country, in this case Mexico, if a dispute settlement panel is established.
 

Fibre2fashion News Desk - India


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

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Marten Alkhagen
Swerea IVF AB

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

Johan Berlin
InvestKonsult Sweden AB

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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