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 24th Oct 2016

Indian govt plans roadshows to promote textile exports

The Indian government has planned to conduct roadshows to boost the...

Textiles | On 24th Oct 2016

TPP may hit roadblock

The 12-member Trans-Pacific Partnership (TPP) that was signed earlier ...

Textiles | On 24th Oct 2016

Baba Ramdev’s Patanjali to enter textile manufacturing

Patanjali Ayurved, an enterprise initiated by yoga guru Baba Ramdev,...

Interviews View All

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

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

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Eric Scholler

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

Pranav Mishra

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

Mike Hoffman
Gildan Activewear SRL

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

Yash P. Kotak
Bombay Hemp Company

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

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

October 2016

October 2016

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


Browse Our Archives


Advanced Search