Home / Knowledge / News / Textiles / Mexico hopes to resolve textile trade dispute with China
Mexico hopes to resolve textile trade dispute with China
08
Jun '13
courtesy: El Universal/Edrian Hernandez
courtesy: El Universal/Edrian Hernandez
The Government of Mexico and representatives of Mexican textile and apparel associations have expressed confidence that they would be able to resolve the ongoing trade dispute with China in three months time, in view of the agreements reached between the two countries during the visit of Chinese President Xi Jinping to Mexico.
 
Addressing a press conference, Francisco de Rosenzweig, Mexican Foreign Trade Undersecretary highlighted China’s commitment to resolve the textile trade dispute with China.
 
"We are taking a three-month horizon to achieve a solution to this problem," said De Rosenzweig, who addressed the media, along with representatives of the textile and garment sector. 
 
He informed that the next bilateral meeting between China and Mexico will take place later this month in China.
 
In October 2012, Mexico filed a compliant with the World Trade Organization (WTO) asking it to start discussions with China. Mexico blamed the Chinese Government of subsidizing the textile and garment manufacturing sector, resulting in unfair competition for the Mexican textile and clothing industry.
 
During his visit, President Xi and his Mexican counterpart Enrique Peña Nieto agreed to create a “comprehensive strategic partnership” to strengthen the political and commercial ties between the two nations. The leaders also laid emphasis on encouraging Chinese investment in Mexico.
 
The Undersecretary said they received China’s commitment to resolve the textile trade dispute without any “concession or some other service”.
 
However, Moses R. Kalach Bales, president of the Mexican National Chamber of Textile Industry, said they will not compromise their legal rights and would continue with their complaint to the WTO.
 
He said the problem has not been solved by the state visit of the Chinese President. He pegged the annual losses for the Mexican textile industry at US$ 15-20 billion due to undervaluing of Chinese products. 
 
He added that Mexican textile exports to China would increase from the current US$ 150 million to about US$ 500 million in the coming years, if the trade dispute is resolved.
 

Fibre2fashion News Desk - India


Must ReadView All

US commerce department finds dumping of low melt PSF

Textiles | On 20th Jun 2018

US commerce department finds dumping of low melt PSF

The US department of commerce (USDC) has announced affirmative final...

Courtesy: Aditya Birla

Textiles | On 20th Jun 2018

'Growth of VSF yarn industry is difficult'

Growth for the viscose filament yarn (VSF) yarn industry is...

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Apparel/Garments | On 20th Jun 2018

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Italian company Eurojersey Spa will present in 2019 new embossing...

Interviews View All

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Eamonn Tighe
Nature Works LLC

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search