South Africa Is Expected To Lift Restrictions On China'S Textile Quotas By The End Of The Year

South African Ministry of trade and industry officials 3, said the South African government is expected to cancel the quota restrictions on Chinese textiles by the end of the year.

Under the pressure of trade unions, the South African government began a quota system for the entry of some Chinese textiles into the South African market in early 2007, which will expire at the end of this year.

South African Ministry of trade and industry executive chief matto 3 said 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.

He has expressed opposition to the government's restrictions on Chinese textiles, including the famous clothing retailers in South Africa, including the company of Wo worth. It believes that this increases their purchasing cost and exacerbates domestic inflationary pressure.

Market analysts believe that the lifting of restrictions on Chinese textiles entering the South African market will be helpful to reduce the operating costs of retailers and to stimulate domestic consumption in South Africa, in the face of the current global financial crisis and the sluggish consumption market in South Africa.

Yang Jing: editor in charge