BRC welcomes agreement on Chinese textiles with caution
06 Sep '05
2 min read
The British Retail Consortium (BRC) gives cautious welcome to Chinese textiles 'agreement'.
Responding to the agreement on the Chinese textiles issue, confirmed Kevin Hawkins, BRC Director General, stated:
"They are obviously pleased that the products tied up in the supply chain are finally going to be released but the big worry now is the long-term consequences as these products are being released at the expense of next year's quota.
"They are very concerned that this could lead to shortages of Chinese clothing products and higher prices for the consumer. While the larger retailers have a broad spectrum of suppliers and are not unduly exposed to China, other retailers will be forced to look at sourcing from other low cost countries.
"They are also concerned that this may indicate a more protectionist trend in EU trade policy, directed at China. As with any form of protectionism, the real losers will be low income consumers throughout the EU who buy the cheaper Chinese products."
The British Retail Consortium (BRC) is the lead trade association for the UK retail industry.
The British Retail Consortium is the lead trade association representing the whole range of retailers, from the large multiples and department stores through to independents, selling a wide selection of products through centre of town, out of town, rural and virtual stores. In 1998 the British Retail Consortium, responding to industry needs, developed and introduced the BRC Food Technical Standard to be used to evaluate manufacturers of retailers own brand food products.
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
