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New textile quota allotment regulations for US market
20 Feb '06
1 min read
Ministry of Trade and Industry and Vietnam Textile and Garment Association held a series of conferences in Hanoi and Ho Chi Minh city recently, on issue guidelines for regulating and allocating export quota to US market in 2006, industry sources stated.
Accordingly, textile and garment export quota in 2006 to the US market is clearly carried out in two measures: auto – visa and allocation based on assignment.
Auto – visa quota accounts for about 40 percent only of total export quota, sources said.
Textile and garment exporters who have achieved significant exports in 2005 are allotted from the rest 60 percent but with guaranteeing deposit.
Quota allocation is applicable to leading exporters only. Meanwhile, enterprises which gained modest achievement or newly established ones will be able to sell their goods to US market via auto-visa issuance, the source explained.
Accordingly, textile and garment export quota in 2006 to the US market is clearly carried out in two measures: auto – visa and allocation based on assignment.
Auto – visa quota accounts for about 40 percent only of total export quota, sources said.
Textile and garment exporters who have achieved significant exports in 2005 are allotted from the rest 60 percent but with guaranteeing deposit.
Quota allocation is applicable to leading exporters only. Meanwhile, enterprises which gained modest achievement or newly established ones will be able to sell their goods to US market via auto-visa issuance, the source explained.
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