Mexico Textile Industry Benefited From The Highly Protected TPP Agreement.

The protection of the textile and garment industries is highly protected in the p Pacific Partnership Agreement (TPP).

The TPP agreement stipulates that some categories of products will be subject to immediate tariff reduction in the two areas mentioned above, while other categories of products will be subject to a maximum 16 year duty-free buffer period.

According to statistics of Ministry of economic affairs of Mexico, 1-8 months in 2015, the ink pair

The clothing export of the State Party is mainly concentrated in Canada, which is 1 billion 593 million US dollars and 23 million 620 thousand US dollars respectively, exports to Japan 3 million 230 thousand US dollars and exports to US $1 million 235 thousand.

The main products of immediate tariff reduction are

Synthetic spinning and natural fiber materials; 5 year duty-free products are mainly

Raw materials and so on; 10 year duty-free products include cotton products, textiles for the aviation industry, wool products, women's ready-made clothes and sportswear, etc. the products of the 16 year exemption period include underwear, kitchen towels, cotton trousers and so on.

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On the occasion of China's "beginning of winter" solar terms, the General Administration of Customs recently released data showing that in October, China's exports fell by 6.9% over the same period last year, and imports fell by 18.8% compared with the same period last year, and the trade surplus was 61 billion 600 million US dollars. Exports from 1 to October decreased by 2.5% compared to the same period last year, and imports fell 15.7% compared with the same period last year, and the trade surplus was 485 billion 900 million US dollars.

The industry believes that weak external demand is still the main reason for the low foreign trade.

During the same period of import and export data released in October, the Ministry of commerce also issued the report on China's foreign trade situation (2015 autumn) (hereinafter referred to as the "report"), which is basically consistent with the data reflected in the above data.

According to the report, in the first three quarters of 2015, faced with severe and complicated domestic and international situations, China's foreign trade structure was constantly optimized, and its quality and efficiency continued to improve.

From a global perspective, China's foreign trade development is relatively good, the decline is lower than the average decline in Global trade, also lower than most major economies in the decline in foreign trade.

We can see that the overall situation of foreign trade in October is stable, but exports are slightly lower than expected.

In fact, the trend of export year-on-year was implicit in the early PMI of October, which is consistent with the trend that the new export orders of PMI manufacturing industry in October dropped by 0.5 points compared with September.

Since the depreciation of the "8. 11" RMB, the decline in exports in September and October has been expanding for two consecutive months, which confirms the saying that "the devaluation is favorable and the export function is limited".

The depreciation of the past two months shows that exports have little effect on China's exports, and China's exports have entered a new normal of low growth, which is determined by the international demand side and domestic industrial pformation.

In this regard, the report pointed out that this year, China's exports from growth to decline is the result of internal and external causes.

From the external environment, the recovery of the world economy is slowing down, especially the growth rate of the United States is not as strong as expected. The growth rate of emerging markets and developing countries has slowed down for five consecutive years, and the weak demand in the international market has caused a great impact on China's exports.

From the perspective of internal factors, the overall cost of foreign trade remains high, and traditional competitive advantages continue to weaken.

Coupled with the appreciation of the real effective exchange rate, the export was further suppressed.

From the external factors, the global economy has been in a period of slow growth. IMF has recently lowered its forecast for global economic growth to 3.1%, the fourth reduction in the past 12 months, indicating that external demand growth is weak.

The export data of Korea and Vietnam, which are more similar to the export structure of China, were observed in October, and all of them showed a downward trend compared with September.

For example, South Korea's exports, known as "canaries in coal mines", also fell by 15.8% in October, reflecting the fact that the global economy is still hard to see. This is the external environment of external demand.

In addition, China's exports to the major developed areas all showed a marked decline in October: the growth rate of exports to the United States dropped by more than 7 points, back to negative growth, and the growth rate of exports to Japan and the EU also declined by 3.1 and 2.7 points respectively.

Early performance of the bright eye to ASEAN exports also witnessed a significant deterioration this month, the growth rate dropped by nearly 17 points, a year-on-year decline of 10.9%.

From China's exports of key products, mainly coal and lignite, mineral fertilizer and fertilizer and refined oil exports fell sharply compared with the same period last year.