ASIA: China competitors cash in on EU quotas
European Union (EU) clothing and textile import figures show that China's Asian competitors in the sector's global export market have benefited from EU restrictions on importing certain Chinese lines.
The European Commission says that while China's overall exports decreased 8% by volume from January to July this year, those from Turkey, India, Bangladesh, Pakistan and Indonesia all increased, with rises ranging from 3% for Turkey to 16% for Indonesia.
For the ten 'sensitive' China products subject to reintroduced quotas, falls in Chinese export sales ranged from 38% to 70%. That said, unit prices commanded by Chinese clothing and textile exporters rose in this seven-month period - by 12%.
This, said a Commission note, "is considered as a normal result of trade liberalisation".
Meanwhile, the boom in the Chinese economy - partly as a result of this liberalisation - was helping make China "a key growth market for European textiles", with EU exports up 15% in 2005 and then 15% again for January-July of this year, albeit with sales still less than EUR1bn (US$1.27bn) annually.
Russia is also becoming an important market for EU textiles and clothing, with exports increasing 25.6% in the first seven months of this year, said Brussels.
By Keith Nuthall.
With China hamstrung by temporary quota restrictions for another year or two and expected to be less competitive afterwards, and the EU and US likely to be more protectionist against China than they w...
What's likely to happen when anti-China quotas lapse in the EU at the end of 2007 and in the US at the end of 2008? No-one knows for sure explains Mike Flanagan, and points out that trying to forecast...
Now that India is no longer constrained by quotas, its intrinsic competitiveness is being revealed. Even though China has made bigger gains in market share last year, India’s impressive performance me...
A bid by a South Korea fibre exporter to have low melt polyester staple fibres (LMP) excluded from existing European Union (EU) anti-dumping duties on synthetic polyester staple fibres (PSF) has been ...
Safeguard measures against Chinese imports into the EU and US continue to protect other apparel producing countries from the full impact of Chinese competition. But while Indonesian apparel exporters ...
The European Commission (EC) has warned the Sri Lankan garment trade to develop a survival strategy in the face of an impending India-EU trade deal....
Vivarte, the group of around 15 clothing and shoe brands, is in exclusive negotiations with Crédit Agricole Private Equity, an investment arm of banking group, Crédit Agricole, to acquire French shoe ...
The European Union (EU) Council of Ministers has re-imposed definitive antidumping duties on imports into the EU of certain polyethylene terephthalate (PET) from India, Indonesia, Malaysia, South Kore...
- Steps to piloting living wage in garment factories
- How to ensure sustainability is more than a slogan
- Trump blows the case for Brexit out of the water
- US apparel retailers' November 2016 sales roundup
- Duty-free trade key to build Africa supply chains
- US Q3 in brief – Destination Maternity, Cherokee
- Esquel efficiency drive continues to boost brands
- Taiwan textile maker investing in first US plant
- Outdoor apparel sector set for double-digit growth
- Myanmar garment industry "lacking labour rights"