Home / Knowledge / News / Textiles / Sino–US textile trade likely to slowdown in 2009
Sino–US textile trade likely to slowdown in 2009
01
Apr '09
The Chinese Government is less likely to compromise with the major trade restrictions in 2009. The China's ministry of Commerce officially declared that it would not place licensing requirements on textile and apparel exports anymore beginning in 2009.

To strengthen the industry recovery, the Chinese Government has taken steps to raise the export tax rebate rate for textiles and apparels from 11% to 16%, the latest increase brought in to effect from April 1, 2009 and the highest in the past 10 years.

Even in the absence of any trade restrictions, it is believed that US-China textile and apparel trade is likely to slow down during 2009. US getting deeper into the recession crisis is the main cause for the anticipated decline.

To survive through the tough times, U.S. textile industry needs to figure out new business ventures, and explore the international markets to meet the challenges of the declining domestic demand.

At the same time, China should reduce depending on exports while absorbing the production capacity of the industry by stimulating more domestic consumption.

Click here to read the complete article.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 16th Jan 2017

India’s WPI inflation rises to 3.39% in December 2016

India’s annual rate of inflation, based on monthly wholesale price...

Apparel/Garments | On 16th Jan 2017

EC proposes enhanced market access for Sri Lanka

The European Commission (EC) has proposed that a significant part of...

Textiles | On 16th Jan 2017

Producing contamination free cotton biggest task: CCI

Producing contamination free cotton is the biggest task for the...

Interviews View All

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Eamonn Tighe
Nature Works LLC

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Eric Scholler
Groz-Beckert

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

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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
January 2017

January 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