India'S State-Owned Cotton Corp Invites Foreign Investors To Participate In Export Bidding

India's state-owned Cotton Corp invites foreign textile companies, traders and exporters to participate in the export bidding of their stocks.

Interested foreign investors are invited to register and comply with general company regulations.

Detailed terms and exportation

It can be found on the company's website.

India Cotton Association lowers this quarter's total

Supply to 38 million 450 thousand packs, 6 million 537 thousand tons.

Early stage

And local consumption are 5 million 890 thousand packages and 31 million packages, 1 million tons and 5 million 270 thousand tons respectively.

With the import supply, the remaining amount can be 14 million 540 thousand packets and 2 million 470 thousand tons.

Seed cotton fell sharply last month, despite the fact that 90% seed cotton has been put on the market.

Related links:

Take the export province of Guangdong as an example, according to the data provided by the Guangdong quality supervision department, in 2013, the direct loss of export enterprises in Guangdong due to foreign technical trade measures amounted to 7 billion 348 million US dollars, which was one of the provinces with the most serious loss of technical trade barriers in the mainland.

According to the survey, textile shoes and hats accounted for 23.9% of the total direct loss in industries affected by foreign technical trade measures.

Now, some emerging market access standards have begun to follow the European and American countries.

In 2014, the Egyptian Ministry of trade, industry and small and medium enterprises issued a new ministerial decree which required that imported goods must comply with the Egyptian standard, and that goods that did not conform to Egyptian standards would be returned.

In addition to its new national standards, Egypt also recognizes 6 other international standards, namely, the international organization for Standardization (ISO), the International Electrotechnical Commission (IEC) standard, the European (EN) standard, the American National Standards Institute (ANSI) standard, the American Society for testing materials (ASTM) and the Japanese industrial standard (JIS).

The implementation date of the new regulation is April 1, 2015.

This year, Saudi Arabia, the largest consumer market in the Middle East, followed suit and implemented strict product conformity certification scheme. Goods without any certificate of authentication will be refused entry to the port of Saudi Arabia.

According to relevant statistics, in 2014, China exported Saudi Arabia's footwear products to a scale of US $508 million.

It can be said that Saudi Arabia is one of the important markets for China's shoe exports, and the impact of its new regulations is quite modest.

According to the parties concerned, some manufacturers in Dongguan exported Saudi Arabia to the Saudi customs because they did not understand the latest certification requirements, resulting in considerable losses.

Unfortunately, there are also enterprises in Wenling, Taizhou.

In the first quarter of this year, Wenling's export of Saudi Arabia's footwear products fell 26.9%, the export volume was 13 million 296 thousand yuan, of which the export volume in March was only 417 thousand yuan, down by 93.7%.

"This new standard refers to the international standard, which is close to the EU standard, but the grade of Wenling exported Saudi shoes is not high. Most shoe manufacturers' on-site management and technological level can not ensure the quality of each pair of shoes.

The Saudi customs has to detect a pair of shoes at random for each container, and it is not allowed to appeal or to raise objections to the test again.

Once the standards are arrived, we can either give up or improve the quality of products to meet the testing conditions.

In this way, the production cost will have to be improved. "

Tang Yixin told the international finance daily, "recently we dare not take too many lists. On the one hand, we are communicating with customers. On the other hand, we want to wait and see again."

So during this period, Saudi Arabia's exports did drop a lot.

In addition to the strict standard may lead to a decline in corporate product profits, the extension of customs clearance time of export enterprises also leads to higher customs clearance costs.

"Before the entry of Saudi Arabia's footwear products need to be cleared every day, now every batch of goods must be sampled and sent to the laboratory for testing. After the test results come out, we can determine whether the goods are released.

This leads to a long detection cycle, with an average of 40 days per shipment to complete customs clearance.

Relevant officials of the Taizhou entry-exit inspection and Quarantine Bureau in Wenling said that at the same time, the Saudi government increased the cost of customs clearance and pferred the inspection fees to exporters virtually, and the time and cost of customs clearance were also pferred to enterprises.

According to the relevant staff of the Taizhou entry-exit inspection and Quarantine Bureau in Wenling, Wenling has exported 153 Saudi Arabia footwear manufacturers.

"After the introduction of the new regulations, we visited 22 large export enterprises and two foreign trade companies, of which only 5 companies maintained export trade with Saudi Arabia. 5 enterprises clearly stated that they would no longer take orders from Saudi Arabia, 7 enterprises did not understand the new policy, 5 enterprises knew the new rules, but they were still developing after wait-and-see."

Taizhou customs data also showed that in the first quarter of this year, there were only 9 enterprises involved in the export of Saudi Arabia to Wenling, including manufacturing enterprises and import and export enterprises, and only two businesses and Saudi Arabia had business dealings in March.