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Apparel exporters face pressures at Canton Fair

19
Oct '09
It was reported recently, that US textile groups and major textile worker unions are in close communication to study and research the possibility of introducing '421' safeguard investigations on Chinese apparel imports. It makes Chinese apparel exporters who are preparing for the third stage of Canton Fair face tremendous pressures.

Vice President Zeng-yu of Guangdong Provincial Foreign Trade and Development Corporation said, the EU rapid alert system for non-food (RAPEX) released alerts on 130 Chinese textile and apparel products in the first half, representing an surge of 10.82 times. China's export to the largest export market of China's clothing products fell 8 percent in the first seven months.

“We do not have many expectations from the Canton fair”, said a footwear exporter. The reason behind his remarks is that the EU had proposed to extend current 16.5 percent of anti-dumping duty on Chinese shoes for at least another 15 months.

Although the judgment has not been delivered till yet, many Chinese companies have foreseen the severity of the situation in the future. Brazil, as one of the important markets for China's shoe exports, launched anti-dumping investigation on Chinese shoes last year. Chinese footwear has been affected in Brazil's market since then and orders have started to dive.

An expert says that market economy status is the key to reduce trade friction. 79 countries around the world have recognized China's market economy status, but main markets such as the United States, Europe, have not recognized China's market economy status.

Fibre2fashion News Desk - China


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