Home / Knowledge / News / Textiles / 'Reduce dependence on US & EU markets' – Experts
'Reduce dependence on US & EU markets' – Experts
24
Apr '09
There is a huge gap between the overall trade China conducts with the US, EU and its Asian neighbours. Over the years, China's textile and garment export markets are mainly concentrated in EU, US and Japan and account for more than 50 percent of China's total textiles and garment exports.

Exports are over concentrated in a few markets, which lead to intensified competition leading to trade friction with those countries or regions. In the first quarter of this year, Europe and the United States have sent warnings of a surge in textile and garment exports from China.

In the recall notifications issued by U.S. Consumer Product Safety Commission, the total number of notifications involving China's textile and apparel products grew by nearly 20 percent and that of EU Rapid Alert System increased by an awesome 633 percent, when compared with the same period of 2008.

China's textile exports to emerging markets, like countries in Asia, Russia, the Middle East, Latin America, Africa, are growing. But, industry experts say that domestic textile enterprises should continue to expand to respond to existing shrinking markets, deal with trade protection and stabilize export markets.

Investment from Europe and the United States into Asian emerging economies has significantly reduced, due to the financial crisis. China has relatively abundant capital which can push intra-Asian investment which will also help grab additional markets will grow, if Asian countries and regions will further open capital market.

Fibre2fashion News Desk - China

Must ReadView All

Apparel/Garments | On 23rd Mar 2017

UK's National Living Wage to be £7.50 from April 2017

The National Living Wage in the UK for workers aged 25 and above is...

Textiles | On 23rd Mar 2017

Trutzschler launches Toyota-Truetzschler comber machine

Trutzschler, one of the world's leading textile machinery...

Jeff Bezos (L) and Amancio Ortega. Courtesy: Forbes

Apparel/Garments | On 23rd Mar 2017

Amazon founder Jeff Bezos is world's 3rd richest man

The biggest gainer and the third richest man on the Forbes' 31st...

Interviews View All

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Siddharth Biyani
Mangalam Industries Pvt Ltd

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

Eamonn Tighe
Nature Works LLC

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

Suresh Patel
Sidwin Fabric

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

Giorgio Mantovani
Corman S.p.A

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Robert Brunner
Devereux

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

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


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
March 2017

March 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