Home / Knowledge / News / Textiles / Import of textiles could be next target of Obama Govt
Import of textiles could be next target of Obama Govt
18
Sep '09
Will Sino-US trade war over tires spread out to other sectors? It is a million dollar question on the lips of exporters from across all sectors and the textile industry probably could turn out to be the next battle ground between the two countries.

Although there are no clear signs yet, some Chinese textile and garment enterprises have started taking preventive measures against a probable safeguard measure imposed by the Obama Administration on imports of textiles and clothing.

The US administration could take recourse to measures of quality and safety in a bid to reduce imports of textiles and apparel from China, to avoid being dragged to the World Trade Organisation (WTO) by China.

Earlier, the US and China had a major trade friction over imports of Chinese textiles and garments in 2005. The two sides finally reached an agreement, whereby, US imposed quota restrictions on over 21 categories for 3 years, ending December 2008.

As per the agreement, the quota restrictions lapsed from January 1, 2009, but due to the economic recessionary trends blowing across the United States, Chinese exporters could not take advantage of the same.

Industry sources say that trade protectionism is clearly on the rise, under the guise of global economic downturn and weak consumer demand. Experts advise, especially exporters of sensitive textile and clothing to be on their guard.

Fibre2fashion News Desk - China

Must ReadView All

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Pakistan's Finance Minister Mohammad Ishaq Dar presenting Budget 2017-18 in National Assembly in Islamabad on May 26. Courtesy: PID, Pakistan

Textiles | On 27th May 2017

Pakistan Budget 2017-18 proposes 4 new measures

To support the textile sector in Pakistan, finance minister Mohammad...

Textiles | On 27th May 2017

Indian exports can touch $325 bn in 2017-18: FIEO

Indian exports are on upward trend in last few months as the country...

Interviews View All

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Suresh Patel
Sidwin Fabric

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

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Sonam & Paras Modi
SVA

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

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:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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