Home / Knowledge / News / Textiles / Official advises countries not to setup artificial trade barriers
Official advises countries not to setup artificial trade barriers
Feb '09
Recently, an official from the Foreign Trade Division of the Ministry of Commerce pointed out that, global textile trade should follow the principles of free trade in 2009 and that importing countries should not set up artificial trade barriers.

According to the high ranking official, the current international turmoil runs very deep due to which world's economic growth is slowing down leading to creation of instable factors in international economic environment.

Individual countries are implementing or renewing restrictive agreement on imports of Chinese textiles and garments on the pretext that they foresee a surge in shipments of Chinese goods post 2008.

He pointed out, the declaration issued at G-20 finance summit 2008 explicitly put forward that in "period of financial instability, governments should guard against protectionism and guard against new barriers in investment, goods trade and services”.

He added by saying that "We believe that the textile trade post 2008 should follow the principles of free trade as mentioned in G-20 declaration and importing countries should not create artificial trade barriers."

The official said, after the opening of global markets and ending of the quota regime since January 2005, export potential of related products has been fully realized. The countries can be rest assured that they would witness a surge in exports from China.

He added by saying that nor would shipments from China pose a threat to exports from other countries either and that the development of international textile trade has been stable in recent years, which has fully proved this perspective.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

C Kamatchisundaram

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

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Eamonn Tighe
Nature Works LLC

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

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Suresh Patel
Sidwin Fabric

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

March 2017

March 2017

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


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search