Egypt Set Up Protective Tariff For Cotton Spinning Trade, Shaoxing Textile Enterprises Actively Deal With

Not long ago, the Egyptian government Imported cotton And cotton blended fabrics, which caused damage to the domestic industry, started a survey of safeguard measures, and temporarily imposed a 10% tariff on the products involved for a period of 200 days. There are 32 enterprises exporting to Egypt in our county, which account for 2/3 of the total number of Egyptian enterprises exported last year, accounting for more than 80% of the enterprises involved in the whole city. At present, a county enterprise has put forward a lawsuit plan.

It is understood that this is a strike against Turkey. textile After importing gray customs clearance, another main market in the Middle East raised the "big stick" for my textile.

After receiving the relevant notice, our County Commerce Bureau informed the relevant enterprises for the first time, understood the impact of the enterprises' involvement, and issued relevant questionnaires, and feedback the situation of the whole county to the China Textile Import and Export Chamber of Commerce. At the same time, organizations that are more affected will participate in the Symposium on the Egyptian cotton blend protection held jointly by the China Textile Import and Export Chamber of Commerce and the Fair Trade Bureau of the Ministry of Commerce, and jointly explore the next steps to deal with the problem.

Egypt is the key market and important export market of our county in the Middle East in recent years. Customs data show that last year, the export amount of our county enterprises to Egypt was US $240 million. Policy safeguard measures As a result, our county's export confidence and export volume gradually declined. According to the monitoring platform of our county's key monitoring platform, enterprises worried that Egypt's action or demonstration effect might trigger the imitation of other related products and the Middle East countries, and the confidence index of Egypt's exports further declined.

From the data point of view, the export trend of single month has dropped down, and the export volume in June was only 15 million 890 thousand US dollars.

The analysis of relevant staff members of the County commerce bureau predicts that in the process of financial crisis recession and global economic recovery, global consumption demand will decrease. Trade protectionism will continue to rise for some time. In the long run, it may even become normal. And China will still be one of the main target countries. This is the situation that our county export enterprises must face frequently.

To this end, the County Commerce Bureau reminded all relevant export enterprises to pay close attention to the development of this safeguard event, especially to strengthen communication with relevant departments and related associations so as to keep abreast of the latest developments and take an active part in responding.