Home / Knowledge / News / Textiles / Carbon tariffs to be next barrier for textile exports
Carbon tariffs to be next barrier for textile exports
29
Jul '10
Peterson Institute recently released a research report, saying that once carbon tariffs are implemented, China's manufacturing exports will decline by one-fifth and exports of low-income countries will be down by 8 percent.

The European Union, the United States and France have put carbon tariff system on their agendas. China's textiles, food, tires and other industries have received "alerts" on carbon tariffs.

Carbon emissions have already turned from an environmental issue into an economic issue for China's export sectors. When Chinese companies frequently encounter trade barriers like anti-dumping and safeguard measures, another barrier does not seem far away.

In June 2009, the U.S. House of Representatives passed the "2009 Clean Energy Security Act", which proposed to impose carbon tariffs in 2020. In November, the Government of France proposed to impose carbon tariffs on imports on January 1, 2010 on developing countries whose environmental protection legislation is less strict than the EU.

Although carbon tariffs of the two countries are still at "drawing board" stage, their intention is obviously against developing countries, which have made China, India and other countries feel the chill of the announcements.

Relevant research conducted by Financial Research Institute of Chinese Academy of Social Sciences shows that the tariffs will be levied in the range of US $30-60 / ton of carbon, if they will implement carbon tariffs around 2020.

Moreover, with the calculation based on US $60 per ton of carbon, the carbon tariffs are already close to or more than anti-dumping duties faced by some Chinese exports.

The study says that among 15 industrial production sectors, the five production industries, which will be most seriously affected by carbon tariffs, are textiles and apparels, shoes, feather products, electrical machinery communication electronics equipment.

It has been calculated that, under the impact of $30 carbon tariff rate, production of textile industry will decrease by 1.60 percent and under that of $60 tariff rate the production of textile industry will suffer by 3.18 percent.

Fibre2fashion News Desk

Must ReadView All

Textiles | On 20th Feb 2017

UK textile & apparel exports up 7.05% in 2016: UKFT

The exports of apparel and textiles from the UK have increased by...

Textiles | On 20th Feb 2017

Himatsingka Seide incorporates subsidiary in Europe

Himatsingka Seide Ltd, one of the largest producers of home textiles...

Textiles | On 20th Feb 2017

IVL receives distinction for sustainability performance

Indorama Ventures Public Company Limited (IVL), one of the world’s...

Interviews View All

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Md Hanifur Rahman
Aman Group

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

Giorgio Mantovani
Corman S.p.A

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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
February 2017

February 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