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Rapid growth in textile exports may lead to instability in second half

30
Jan '07
In less than a month, rate of textile export quota distribution to EU has reached 17.73 percent. Industry experts are worried that if the distribution speed continues, some popular categories of textile export quotas to the EU and the United States in the first half of this year may run out.

Rapid growth in exports could lead to instability in second half of this year.

After the end of upcoming China-EU textile agreement, the EU textile quotas in 2007 may soon exhaust.

Some products may face a situation wherein they would not be exported in the second half, and until January 1, 2008, continuous export to EU after the abolition of quota restrictions on exports, the surge in the first half of this year could lead to new trade frictions.

Distribution rate of dress export to EU reached 17.73 percent, the category may be exhausted in early June; cotton knit shirts export quota to United States reached 12.89 percent, and it's estimated to be exhausted in July.

Cotton trousers export quota to United States reached 15.71 percent, and is expected to be run out in June this year; swimsuit export quota to United States reached 12.07 percent, this category is expected to be exhausted in July.

Fibre2fashion News Desk - China


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