South Africa Is Expected To Lift Quota Restrictions On Textiles In China
Southern officials said on 3 may the South African government is expected to lift its cancellation to China by the end of the year. textile Quota restrictions. Under the pressure of trade unions, the South African government started to China in early 2007. textile The quota system will be introduced into the South African market, which will expire at the end of this year.
The Ministry of trade and industry executive general matto said 3 days that the Ministry of trade and industry has not received any application for extending the quota restrictions, so the quota restrictions will be automatically cancelled at the end of the year.
For the government's implementation of China textile Restrictive measures, including South Africa, known by the company clothing Retailers have consistently expressed their opposition, saying that this increases their cost of replenish and exacerbates domestic problems. Inflation Pressure. Market analysts believe that at present, the world is in the world. financial crisis The drag on the South African consumer market and the lifting of restrictions on the entry of Chinese textiles into the South African market will help to reduce the operating costs of retailers and to stimulate domestic consumption in South Africa.
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