Home / Knowledge / News / Apparel/Garments / Quotas queer garment firms pitch

Quotas queer garment firms pitch

Oct '06
Local garment companies have been put into a quandary because they cannot set up their production plans as it is not clear whether or no there will be a quota scheme imposed on apparel exports to the US in 2007.

Unlike in the past, this year local enterprises cannot use part of the quotas for next year to fulfill their orders, if the quota scheme is removed in 2007.

The position will be clear only at the end of the negotiations to join the WTO with the US. If Vietnam's admission to the WTO is ratified by the WTO's General Assembly at the end of October or early November while (permanent normal trade relations) PNTR has yet to be granted to Vietnam, the US may not apply WTO rules in its relations with Vietnam.

Granting PNTR to Vietnam was not on the agenda of the US Congress meeting on November 13.

Besides, the expectation that the US Government may impose an anti-dumping mechanism on Vietnam's apparel exports is posing problems for both Vietnamese enterprises and management authorities.

Recently, the export of all the 25 quota-controlled categories of products to the US has seen the rapid growth rate of 30 percent.

As of now, the US is the largest export market for Vietnam, which has imported $2.17 billion in the last nine months, accounting for 54.8 percent of the total apparel exports.

The total apparel export has reached $4.462 billion so far this year, fulfilling 84.2 percent of the yearly target, up by 34 percent over the same period last year.

Must ReadView All

Pic: Aura Blockchain Consortium

Fashion | On 21st Apr 2021

LVMH, Prada and Cartier form world's first global luxury blockchain

Three major luxury names—LVMH, Prada and Cartier, part of...

Pic: Shutterstock

Textiles | On 21st Apr 2021

India-Bangladesh MoU on cooperation in trade remedial measures

India's Cabinet chaired by Prime Minister Narendra Modi has given its ...

Pic: Infinited Fiber Company

Textiles | On 21st Apr 2021

Infinited Fiber plans to build €220 mn flagship factory in Finland

Circular fashion and textile technology group Infinited Fiber Company ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Money never disappears-it just finds new opportunities

Textile Industry, Head honchos

Textile Industry
Head honchos

Great step towards realising end goal of 'AtmaNirbhar Bharat'

Textile Industry, Head honchos

Textile Industry
Head honchos

Value of 'Made in India' should get more importance

Sanjay Vakharia,

Sanjay Vakharia

One of the first few Indian denim brands, Spykar, established in 1992, was ...

Himanshu Fogla,

Himanshu Fogla

Jumac, pioneers in spinning can manufacturing in India, was founded in...

Akash Sehgal,

Akash Sehgal

Part of retail and hospitality conglomerate Landmark Group in Dubai,...

Sachin Pendharkar, Dieffenbacher India Pvt Ltd

Sachin Pendharkar
Dieffenbacher India Pvt Ltd

Germany-based Dieffenbacher Group is a producer of high-quality composites ...

Madison Maxey, Loomia

Madison Maxey

Loomia designs and manufactures soft circuit systems that can be produced...

Shlomzion Chen, Seevix

Shlomzion Chen

Seevix Material Sciences Ltd, which develops and manufactures synthetic...

Anjali Bhaskar, Samatvam

Anjali Bhaskar

Anjali Bhaskar has an experience of 12 years in the fashion industry. She...

Sweta Tantia, Tahweave & Garo

Sweta Tantia
Tahweave & Garo

Designer Sweta Tantia owns Garo, a couture indutva or ethnicwear brand,...

Ramya Rao & Kavea R Chavali, Kalaneca

Ramya Rao & Kavea R Chavali

<div>The journey of Kalaneca (kala-Art, Neca- Nikaah) formally began in...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

April 2021

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

Advanced Search