India Launched An Anti-Dumping Investigation On China'S Polyester Chips, And The Amount Involved In The Textile Industry Showed A Trend Of Rapid Growth

According to a recent report released by the United Nations Conference on Trade and development, India lost about 348 million US dollars in trade due to the epidemic. Specifically, the chemical products industry lost about 129 million dollars, the textile and clothing industry lost about 64 million dollars, the automobile industry lost about 34 million dollars, the electronic machinery industry lost about 12 million dollars, the leather industry lost about 13 million dollars, the metal and metal products industry lost about 27 million dollars, and the wood products and furniture industry lost about 15 million dollars.

At the same time, China's textile industry and India's import tariff have been greatly affected by the haze of China's textile industry and India's export. At the same time, China's textile and India's export has been greatly affected by China's import tariff and India's tariff.

India launched an anti-dumping investigation on China's polyester chips, and the amount involved in the textile industry showed a trend of rapid growth

On August 5, 2020, the Trade Relief Administration of the Ministry of Commerce and industry of India issued an announcement, ruling that polyethylene terephthalate (PET resin) made in China entered the Indian market at a price lower than the normal value during the investigation period, causing substantial damage and threat of further damage to Indian domestic industry, and there was a causal relationship between dumping and injury. Therefore, it is suggested that the provisional anti-dumping duty of USD 15.54-146.11/t should be imposed on the pet produced by the respondent enterprises, and the provisional anti-dumping duty of USD 200.66/t should be imposed on other enterprises.

"In recent years, India has launched more frequent anti-dumping investigations against China." At the third economic and trade early warning analysis meeting, Li Wei, deputy inspector of the Legal Affairs Department of the China Council for the promotion of international trade (CCPIT), for example, took viscose filament as an example. Although India has been relying on imports for a long time, Indian enterprises and government have repeatedly used tariff, anti-dumping and other trade barrier measures to prevent the entry of Chinese products. In 2005, India initiated an anti-dumping investigation on China viscose filament. In 2017, India launched an anti-dumping sunset review investigation. In 2018, India made the second sunset review final ruling. From 1995 to 2004, although India initiated more anti-dumping investigations against China, the amount involved was far lower than that of the United States and the European Union. Since 2005, the amount of India's anti-dumping against China has risen rapidly, reaching billions of dollars by 2016. At present, the product range of India's anti-dumping investigation against China is becoming wider and wider. The top three industries are chemical raw materials and products industry, pharmaceutical industry and textile industry. The amount involved in the investigation shows a trend of rapid growth.

In the early stage, the Indian man-made fiber industry association also applied to launch a countervailing investigation on viscose filament yarns of more than 60 generations in China. India's 500-550 commodities in leather products, agricultural products and textiles are competitive with China. Judging from India's tough attitude towards Chinese goods, it is not impossible to impose textile tariffs in the future. At present, the voice of India is very high. In particular, the risk of textile industry is worthy of attention.

The prospect of foreign trade in textile and garment industry is clouded. Textile enterprises need to change their thinking and guard against risks

The epidemic situation in foreign countries is still spreading, and tens of thousands of new cases are confirmed every day, which has formed a greater resistance to the export of textile and clothing products. At the same time, in addition to India, the tension between China and the United States and the Vietnam Europe free trade agreement also cast a shadow on the prospects of the textile and clothing industry.

In the United States: in the early morning of July 21, the Bureau of industry and security of the U.S. Department of Commerce suddenly announced that 11 Chinese enterprises would be included in the "entity list", including Changji Yida textile, Hotan TEDA garment and Nanjing Xinyi cotton textile. On May 24, Huafu subsidiary, the world's largest color textile enterprise, was also included in the list.

Vietnam: the free trade agreement between Vietnam and the European Union came into effect on August 1. According to the agreement, the EU immediately eliminated 85.6% of the tariff on Vietnam, equivalent to 70.3% of Vietnam's exports to the EU. Seven years later, 99.2% of Vietnam's tariff will be eliminated, which is equivalent to 99.7% of Vietnam's exports to the EU, and the remaining 0.3%. The EU promises to import with zero tariff in the form of quota. On the contrary, Vietnam will eliminate 48.5% tariff on EU exports (64% of total imports). After 7 years, 91.8% of the total import tariff (97.1% of the total import) will be eliminated, and 98.3% of the total import tariff will be eliminated 10 years later (accounting for 99.8% of the total import). At present, Vietnam's clothing and textile industry has occupied a place in the international market. In the past, the purchasing strategy of European and American clothing companies was China and many other countries. Now it's 30-50% in China and 10-30% in Vietnam, plus other countries. The formal entry into force of the free trade agreement will undoubtedly help Vietnam further expand its export volume, and at the same time, it may further aggravate the situation of increasing foreign trade competition in China's textile industry.

At present, China's textile industry is facing overcapacity, export is facing epidemic situation and political factors, and now, coupled with the diversion of export orders brought about by Vietnam EU free trade agreement, the textile industry is in dire straits this year. For textile enterprises, under the influence of the epidemic situation, on the one hand, they should grasp the orders in hand, on the other hand, they should not put eggs in a basket and turn part of their attention to the domestic market. In terms of foreign trade, they should also actively expand the markets of countries with relatively small political risks, and strive to be well prepared.