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Cancellation Of Us Quota From Next Year

2008/11/6 10:39:00 22

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From Next Year The US Quota Will Be Lifted And Chongqing Textile Enterprises Will Not Expand.

From next year, China's exports to Europe and the United States will no longer be subject to quotas.

Yesterday, reporters visited Chongqing's textile export enterprises learned that the abolition of quotas will end the history of enterprises spending money to buy quotas for coastal enterprises, and save export costs.

However, due to the impact of the international financial turmoil, European and American orders decline, products can not be sold, but also need to strengthen risk management. In the short term, there is no great positive impact on textile enterprises, and enterprises will not blindly expand their capacity.

Quantity restrictions will be lifted next year.

According to the relevant people of the Municipal Economic Commission, China's accession to the WTO stipulates that the textile special measures will expire at the end of 2008. The Sino US bilateral memorandum of understanding on textile products will also end.

Recently, the Ministry of foreign trade of the Ministry of Commerce has announced that the Ministry of Commerce will no longer carry out the export volume of textiles exported to the United States and license management and export license management of textile exports from January 1st next year.

This indicates that the quota for Chinese textile exports to Europe and the United States will be abolished from next year.

Quotas refer to the ceiling of the quantity of textiles and garments that a country can legally export to the restricted market each year.

It is understood that after the integration of textiles in 2005, some countries in Europe and the United States, for fear of the great potential of China's textile exports, frequently adopted various trade measures on Chinese textiles and continued to spread to other countries, which affected the stability of China's overall textile trade environment after integration.

In 2005, China, Europe and the United States signed a memorandum of understanding on bilateral textile trade after rounds of negotiations. The package settled the Sino EU and Sino US bilateral trade frictions.

The Foreign Trade Commission reminded that textile exporting enterprises should avoid blind expansion of production capacity and focus on improving the quality and added value of products.

Spending quota history ends

According to the relevant persons of Chongqing Textile Industry Association, two years ago, Chongqing enterprises got only 10 enterprises with ten categories of textile quotas exported to Europe, but some enterprises got only a few days' quota.

It is understood that textile export quotas are distributed in two ways: one is the number of tenders, the total quantity is 30%, and the two is based on the annual export volume, which is 70% of the total volume.

In those days, the quotas of many textile enterprises were not enough at all. They needed to spend money on the acquisition of quotas from enterprises in coastal cities such as Zhejiang and Guangzhou. Because of the long textile industry chain in Jiangsu, Zhejiang and Guangdong, they got a large number of quotas.

Since the opening price is about 5% higher than the local tender price, some enterprises will spend millions of dollars to buy the quota.

Worried about the market is not good, no expansion.

Although this policy will bring benefits to textile and garment enterprises, the current situation has changed over the past two years.

Yesterday, from Huacheng one cotton, four side clothing and other companies learned that many of the current textile and garment enterprises are worried about the order is small, products can not sell.

After the US subprime mortgage crisis began to emerge, it is estimated that the number of orders in Europe and the United States will drop substantially next year.

Consumers in foreign markets do not have enough desire to buy, and high-grade textile and apparel products have fewer orders.

Moreover, for some of the customers with strength problems, they have also strengthened risk management, carefully placed orders and prevented the payment of goods from being taken back. At present, enterprises will not expand their capacity blindly.