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

Apparel/Garments | On 28th May 2017

Over 45% US retailers to use AI in next 3 years: Report

Over 45 per cent retailers in the US plan to utilise artificial...

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Apparel/Garments | On 28th May 2017

Naked Brand, Bendon sign agreement to reorganise

Naked Brand Group, a fashion and lifestyle brand, and Bendon Limited, ...

Interviews View All

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Suresh Patel
Sidwin Fabric

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

Steve Cole
Xerium Technologies

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Karan Arora
Karan Arora

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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:
May 2017

May 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