Sign in | Join free

Hina's textile industry victim of trade frictions: official

Hina's textile industry victim of trade frictions: official Source: www.cottonyarnmarket.net
Date: 09-09-2011
Visits: 235
Very Poor

BEIJING, Sept. 8 (Xinhua) -- China faced the world's largest number of anti-dumping investigations for the 16th consecutive year in 2010, and the country's textile industry has been one of the biggest victims of trade frictions, a commerce official said Thursday.

China has been embroiled in 313 trade remedy investigations from 2008 to the first-half of this year, of which 35 cases involving 1.9 billion U.S. dollars were targeted at the country's textile companies, said Li Zengli, an official with the Bureau of Fair Trade for Imports and Exports of the Ministry of Commerce.

China is one of the world's largest textile exporters, accounting for one third of the global textile trade volume.

Gao Yong, vice president of the China National Textile and Apparel Council, said the country's textile industry has been the second most negatively affected by trade frictions, just after the chemical engineering sector, since China's accession to the World Trade Organization in 2001.

China's textile exports increased at a fast pace during the past 10 years with 25 percent average annual growth, Gao said.

He believes trade investigations launched by China's top three export destinations, the United States, Europe and Japan, will decrease over the next five years, while those launched by emerging economies, such as India, Brazil and Peru, are likely to rise.

Gao said he expects the country to see a decline in anti-dumping and anti-subsidy investigations, and a rise in the trade frictions that are caused by technical barriers.He suggested that domestic textile companies enhance their competitiveness by improving techniques and creating their own brands.

like 351 Unlike 39
Users Comments
No comments to display
Are you sure you want to delete this comment.
Add your comment
User Name:
Email: Will not be published
Rate This article:
Comment:
Maximum 3500 characters
Your name
Your email address
Your friend email address
  • /images/ourservices/125-600/pricetrend.jpg
  • /images/ourservices/125-600/product.jpg
  • /images/ourservices/125-600/videos.jpg
Suntex Asia Limited
32341 Users
have already joined suntexasia.com. Shouldn't you?
Full registration will provide you access to all our free services. It takes only one minute and it is free Go here
Quick registration (it's free)
Accesss to some of our free services
Select membership
Full Name
User Name
Email
Password
Enter the code
cadny
(Note: If you can't read the letters, reload the page to generate a new one.)
terms and conditions
 
Members Login
Already registered
Email
Password
Forgot your password
golden fees
Enter your e-mail address
Choose your room