Home / Knowledge / News / Textiles / Fragmentation of quota allocation leads to wastage – Textile body chief
Fragmentation of quota allocation leads to wastage – Textile body chief
10
Aug '09
As of mid-April this year, clearance rate of most categories of China's textile export quotas to Europe and the United States was only over 10 percent, or even less. Vice-Chairman of Chamber of Commerce for Textiles, Jiang Zhe admits that low quota utilization rate is more so due to the slowdown in US and European markets.

According to preliminary estimates, wasted quota rate is 20 percent this year. Jiang Zhe said, "As quota allocation is too fragmented, small quantity of quotas allocated to enterprises are usually wasted and now the chamber of commerce has proposed that the limitation of allocated quotas should at least reach 1000 pieces”.

But at the moment the Ministry of Commerce has not yet reached a consensus. In his own opinion, quota policy should be aimed at exporters that actually realize exports to US and European markets. However, this year's quotas are basically set, and quota threshold is more likely to increase in the coming years.

Fibre2fashion News Desk - China


Must ReadView All

Textiles | On 22nd Jul 2017

Govt constitutes GST Feedback and Action Room

The Government of India has constituted a Feedback and Action Room...

Textiles | On 22nd Jul 2017

India’s cotton textile exports fell in FY17: Tamta

The overall export of cotton textiles from India declined in 2016-17...

Textiles | On 22nd Jul 2017

Stella McCartney, Bolt Threads partner for eco fashion

Fashion designer Stella McCartney has partnered with Bolt Threads for ...

Interviews View All

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Eamonn Tighe
Nature Works LLC

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

Sonam & Paras Modi
SVA

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X