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Slow down in Textile exports from Shanghai port
25
Feb '08
In the month of January, European Union canceled the export quota limit on China's textile and clothing, under the management of 'the license measures'. Thus, the export to EU from Shanghai Port showed a slowdown in growth rate, marking US $1.75 billion, up by nearly 32.3 percent compared to same month of 2007.

The total export of garments and accessories was $1.35 billion, up by 31.7 percent. Also export of textile, yarns and related products was $0.4 billion, increase of almost 34.5 percent.

In order to standardize the export, about eight categories of products which include pullovers, women shirts, machine-weaved trousers and bedding products, the country will carry out management of export license this year. Besides, other related department will examine qualification of export enterprises.

The experts suggest that, to strengthen the tracking of textile products exported, the associations should help companies to regulate speed.

In addition, last month, export prices of domestic textile and apparel products to EU from Shanghai port went up. For instance, export unit price of knitting vests rose to nearly 9.2 percent.

Fibre2fashion News Desk - China

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