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

Courtesy: American Apparel

Apparel/Garments | On 25th Feb 2017

Gildan to make some American Apparel products outside US

Gildan Activewear, which recently acquired US fashion brand American...

Courtesy: Kolon Sport

Apparel/Garments | On 25th Feb 2017

Kolon Sport to set up JV with ANTA for Chinese market

Kolon Sport, an outdoor gear and clothing brand of Korea based Kolon...

Designer Karishma Jumani with Niraj Jawanjal, founder and director of IIFW. Courtesy: IIFW

Textiles | On 25th Feb 2017

IIFW to bring together premium lingerie brands

India Intimate fashion Week (IIFW), dedicated to showcasing the...

Interviews View All

Karan Toshniwal
Orange O Tec

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

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Steve Cole
Xerium Technologies

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

Johan Berlin
InvestKonsult Sweden AB

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Jay Ramrakhiani
Occasions Elegance Wear

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

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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
February 2017

February 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