Interviews
Other countries may impose export trade barriers, warn experts
07 Oct '08
2 min read
In past couple of years, Chinese textile industry has been plagued with several serious national and international issues like RMB appreciation and slowdown of the US economy. High rate of unqualified and rejected shipments is adding greatly to the problems.
However, the export growth-rate of the country has dropped only slightly.
Chinese textiles and clothing industry has achieved an export growth rate of over 20 percent for past 6 years, while the average global annual growth rate has been around only 5 percent.
World has already imposed 18 cases of anti-dumping and protective measures against Chinese textile products since 2006 until July 2008. This involved an amount of US $540 million, which is a very small proportion of China's over $100 billion exports.
Experts are of the opinion that other countries might also apply such trade barriers against the country. Ironically, China's fast-growing pace may be the cause of future obstacles.
Implementation of new Consumer Product Safety guidelines by the US and REACH by the EU are just some of the key barriers already restraining exports.
Experts stressed that textile and garment manufacturers need to keep innovating and improve quality of products, so as to maintain the swift development of China.
However, the export growth-rate of the country has dropped only slightly.
Chinese textiles and clothing industry has achieved an export growth rate of over 20 percent for past 6 years, while the average global annual growth rate has been around only 5 percent.
World has already imposed 18 cases of anti-dumping and protective measures against Chinese textile products since 2006 until July 2008. This involved an amount of US $540 million, which is a very small proportion of China's over $100 billion exports.
Experts are of the opinion that other countries might also apply such trade barriers against the country. Ironically, China's fast-growing pace may be the cause of future obstacles.
Implementation of new Consumer Product Safety guidelines by the US and REACH by the EU are just some of the key barriers already restraining exports.
Experts stressed that textile and garment manufacturers need to keep innovating and improve quality of products, so as to maintain the swift development of China.
Fibre2fashion News Desk - China
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