US Textile Quota Will Be Abolished Next Year, And Jiaxing Textile Industry Will Fight For Battle.

With the further expansion of the Wall Street crisis and the consequent global demand reduction, coupled with the early introduction of the export tax rebate rate increase policy has little effect, the export situation of China's textile industry has further deteriorated.

Under such circumstances, in accordance with the relevant agreement between China and the United States, the quota of textile and garment exported to the United States, which has been implemented since January 1, 2009, has become the "life-saving straw" of many textile enterprises in our city.

According to statistics, from 1 to August this year, the city's textile and apparel exports amounted to US $3 billion 647 million, up 20.4% over the same period last year.

In the four traditional export markets, only the EU benefited from quota cancellation and relative economic stability and exported a total of 1 billion 46 million US dollars, an increase of 40.4% over the same period last year.

Exports to the three traditional markets of the United States, Hongkong and Japan are not satisfactory.

This shows that the textile and garment export tax rebate rate up to the expected results, but also let the abolition of the textile quota of the United States attracted more attention.

The head of the Department of foreign trade and economic cooperation of the Municipal Bureau of foreign trade and economic cooperation believes that export is not a good thing without quota restrictions, but at the same time, foreign governments should also pay attention to improving export conditions, such as raising export thresholds and deliberately lowering prices by using technical regulations.

Because US protectionists have already brewed a number of restrictive measures to contain Chinese textiles.

It is learnt that since 2001, the market share of China's apparel market in the United States has increased from about 15% to 60%, and that of China's textile and garment exports has increased from 6 billion 500 million US dollars to US $32 billion, growing by about 400%.

It is also precisely this point that at present, 17 countries have proposed to extend export surveillance to Chinese textiles.

In addition, recently, the United States and other countries have introduced a series of regulatory measures for textiles. For example, the United States announced the new consumer goods safety improvement act in September 16th, stipulates that all textile and clothing products exported to the US market must comply with the US standard from February 2009.

In the interview, many textile and garment enterprises in our city told reporters that the problem is not enough quota, but whether there is profit.

In this sense, the practical significance of raising the export tax rebate rate is greater than the US abolition of textile quotas.

At the same time, they also called on the government to increase the tax rebate rate, while increasing support for small and medium-sized enterprises to help them through this "cold winter".