Home / Knowledge / News / Textiles / Sino-US talks may face pressure on issue of textile exports
Sino-US talks may face pressure on issue of textile exports
04
Aug '09
The first round of the Sino-US strategic economic dialogue was held on July 27 in Washington. Five issues which were the centre of discussions between the two countries were addressing financial crisis, maintaining stability of assets in US dollar, exchange rate, strengthening energy cooperation and trade protection.

At present, mainstream views emerging from the talks agree to the view that the current economic recovery is not solid and it is not the proper time to make major adjustments in macro-policy orientation and maintaining the status quo is perhaps the best choice.

In terms of fiscal policy, China and the United State are unlikely to introduce new program of fiscal stimulus in short term. The same situation is with monetary policy, so there will be no fundamental changes during the year.

The Chinese government has always been clearly opposed to trade protection. After the financial crisis, the United States has implemented some specific policy measures that are in favor of the United States but go against other countries which have been opposed by China.

The United States is China's second largest export market, since a long time, China's textile exports to the United States account for roughly 30 percent of US textile market, which proves beyond doubt the importance of the US market to China's textile exports.

During January to May this year, China's exports of textiles and garment to the United States achieved a growth of 3.75 percent in US import market share. But China's textile exports to the United States are still not optimistic, as the current economic recovery is still in initial stages.

Chinese textile products already account for nearly 30 percent of US market share, although the Americans will not set clear limitation on Chinese textiles, the US government may control import share and channels by using trade protectionism measures.

Therefore, experts predict there will be increasing difficulties during the economic dialogue when negotiating on US textile trade and the textile trade friction is bound to change in to a protracted war in the near future.

Fibre2fashion News Desk - China


Must ReadView All

Courtesy:  Pratibha Syntex

Apparel/Garments | On 19th Jul 2018

India's Pratibha Syntex aims $200 mn sales revenue by 2020

Pratibha Syntex, with interests in fibre, spinning, knitting and...

Courtesy: Munich Fabric Start

Fashion | On 19th Jul 2018

Over 100 brands to present denims at Bluezone in Sept

Over 100 international brands will present their denim developments...

Kenya to use Sh6 bn Indian loan to upgrade Rivatex

Textiles | On 19th Jul 2018

Kenya to use Sh6 bn Indian loan to upgrade Rivatex

Kenya will use a Sh6 billion loan from India’s Exim Bank to expand...

Interviews View All

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Urmil Arya

Sushila International, a well established textile organisation established ...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Pranav Mishra
Huemn

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

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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

Leave your Comments


July 2018

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

news category


Related Categories:

Advanced Search