Home / Knowledge / News / Textiles / Experts dread excessive inflow of Chinese goods
Experts dread excessive inflow of Chinese goods
19
Feb '08
Peru Government has been negotiating with its Chinese counterpart to ink a free trade agreement (FTA) which will initiate tax-free transaction of goods between the two countries.

However, the textile and clothing industry of Peru has urged the Government to take safeguarding measures against China.

This is largely because China is quiet capable of flooding Peruvian markets with its goods resulting in job losses for thousands of Peru's textile workers.

Presently, there are about 650,000 people working in Peru textile industry and if imports from China are allowed to increase, a large number of these may be left without a job.

While workers in Peru receive a wage of US $1.25 per hour, the salary of a Chinese worker is mere $0.25 and this makes it easier for the latter to cut down on its cost of production and export good at a price much cheaper than what is available in Peru.

In the year 2007 alone, imports of Chinese textile and clothing products made by Peru increased by 43 percent. Experts believe that the FTA would only step-up the rate of cheaper imports reducing the value of Peruvian made goods.

Mr Martin Reano, Director of the textile department of Peru Industrial Association, opined that unless protective measures are taken, Peru is likely to get severely affected by the agreement with China.

Fibre2fashion News Desk - China

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

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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 ...

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