India Government Plans To Buy Cotton Mexico And China's Dialogue On Textile Subsidies

because Price Down the India government plans to record cotton purchase

The India government plans to record cotton acquisitions in the market year to September 2013 to prevent panic selling by farmers, and cotton prices are expected to plummet in November as cotton picking continues to improve and domestic and export demand is weak. India state enterprise India Cotton Corp (CCI) has drawn up a preliminary road map, which is about to buy 9 million bales of cotton from farmers in accordance with the benchmark price set by the state, with an overall cost of 164 billion 700 million rupees.

Global cotton prices are much lower than India, because the largest consumer countries reduce imports. India's exports can not be left alone. In addition, as of the end of November, domestic Spin The factory has hoarded 3 million 800 thousand bales of cotton, and now it is impossible to increase inventories. Therefore, from November, cotton prices are expected to be lower than the minimum support price.

India Cotton Advisory Committee predicts that India's cotton production in 2012-13 years is expected to be 33 million 400 thousand packages, and the consumption of textile mills is expected to be 25 million packs.

Mexico seeks dialogue with China on textile subsidies

The Mexico government is seeking dialogue with the Chinese government to discuss subsidies for China's textile industry. Mexico's minister of economic affairs, Mr. Bruno Ferrari, said China's subsidies affect Mexico's domestic industry.

He is in the whole country. clothing The thirty-sixth session of the national garment industry sponsored by the industrial chamber of Commerce said that China's textile industry subsidies had hurt Mexico trade, so the Mexico government sought to have a dialogue with China on this issue.

He also said that the government is seeking support from other countries for dialogue between Mexico and China.

The official said that when other countries' products entered Mexico at below domestic prices, Mexico could hardly compete.

Although the number of goods that China has entered Mexico has not risen, China has provided subsidies to the textile industry. The Mexico government has asked for fair trade in accordance with the international practice of the WTO.

The clothing industry is very important to Mexico's economy because the clothing industry is the main foreign exchange revenue department and creates employment opportunities, the official said.

Mexico textile since 2008 Garment industry 28000 new jobs have been created.