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Recalls & trade remedies irk Chinese exporters
26
Nov '09
China is facing a sharp deterioration in foreign trade situation since this year, as Chinese exporters encounter an unprecedented number of trade friction related suits. In the first three quarters, 19 countries initiated 88 trade remedy investigations against Chinese products.

In all, this involved US $10.2 billion in total, representing an increase of 29 percent in numbers and 125 percent in value, year on year.

Taking into account the slow economic recovery in developed countries, the political factors leading to frequent trade frictions are difficult to eliminate in short time and it is expected that trade protection measures against China's products will continue to rise.

According to statistics from the China Textile Industry Association, in the first three quarters of this year, the United States issued a total of 21 recalls on Chinese textile and apparel products, an increase of 10.53 percent year on year.

China received 153 bulletin warnings from the European Union on Chinese textile and apparel products in the first three quarters of this year, an increase of 6.29 times year on year, accounting for 20.84 percent of all the bulletins received by China.

In the first three quarters of the previous year, the proportion of bulletins on Chinese textile and apparel products stood at 3.73 percent of all the bulletins received by China.

Other than this, overseas governments have also initiated investigations into what they term as subsidies given to Chinese manufacturers by their government, which helps them to sell at row rates in overseas markets, to the detriment of the local producers.

Fibre2fashion News Desk - China


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