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Quotas Cancel Good, Be Rushed To Textile Products Encounter Freezing Point

2008/11/17 9:16:00 26

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With the Sino US quota agreement and the monitoring agreement between the two sides of China and Europe due to expire at the end of this year, Chinese textile exports will no longer be bound by quotas from next year. In the face of such positive effects, Chinese textile and garment export enterprises can not be happy. The signal released by the Canton Fair, which is known as the "weathervane" of foreign trade, shows that buyers and orders are showing a downward trend. Next year, China's textile and clothing exports will fall into the lowest level in the first quarter of next year.

Zhong Haosen, general manager of Guangdong textile import and export Limited by Share Ltd, told the first financial daily: "in 2005, due to the cancellation of global textile quotas, we received more than 70 buyers in the morning only in the morning of the Canton Fair booth. This Canton Fair was reduced to more than 10 people, especially in the first morning, even a US buyer did not see it. It is expected that exports to the US will drop sharply next year.

In recent months, the depreciation of the euro has been very large, and the EU market is also not optimistic.

In the coming 2009, why is it difficult for China's textile exports to be in the "blowout" situation of quota free control in 2005? Zhong Hao Sen believes that it is mainly dragged down by the whole economic environment, and the demand in Europe and the United States is weakening. From the fourth quarter of this year to the first quarter of next year, China's textile and apparel industry has experienced at least 6 months of labor pains.

He said that under the influence of the financial crisis, buyers are now very cautious when placing orders, usually only for next month's orders, and buyers in Europe, Australia and other regions have depreciated by 20% to 30% in the past few months. The purchase cost has been raised when changing the US dollar to China. Because of this, the price is very strong, and the company is hardly profitable. The export in the first quarter of next year is definitely negative.

Jiang Jianyi, director of the International Trade Department of Shanghai leading group (Group), told an interview with our reporter that the purchase of the Canton Fair was less than that of the previous session, and that it was mainly about asking prices. The real orders were few, and the export of textile and garment exports should be warmer at least in the second quarter of next year. (Jiang Jianyi)

In Jiang Jianyi's view, entering the quota free era next year is not necessarily a good news in the current situation. Buyers will even take advantage of the quota cost of Chinese exporters to seize the price, which will cause export price chaos and easily lead to trade friction.

This year's profits have dropped by 5% under the influence of multiple factors. If the industry goes on to cut price competition, it can only voluntarily give up some unprofitable orders.

This year, due to multiple factors such as exchange rate and rising cost, China's textile and garment exports have declined.

Customs data show that in 1~9 months of this year, China's textile and clothing exports totaled 136 billion 940 million US dollars, up 8.1% from the same period last year, an increase of 11.9 percentage points from the same period last year.

Among them, exports to the US amounted to US $19 billion 240 million, an increase of 1.4% over the same period last year, an increase of 28 percentage points over the same period last year.

Editor in chief, Wang Qian, chief editor of the first textile network yesterday said in an interview with the newspaper that the export of Chinese textile and clothing has also maintained a certain growth this year in the wake of the EU's lifting of restrictions on Chinese textiles and strong demand. However, with the deterioration of the environment, the market demand of the EU's largest textile and garment export area in China has also weakened. Under the multiple factors, the export of Chinese textile and garment in the first quarter of next year should be zero growth or negative growth. If the second quarter can be revived, it is the best case.

In addition, the industry is also worried that the quota cancellation next year will likely encounter the frequent use of trade remedy measures in Europe and the United States.

Obama, the US presidential hot candidate, has publicly declared that if he is elected, he will monitor China's textile and clothing imports after the cancellation of the 1 safeguard measures on January next year, and he claims to use all diplomatic means to end China's manipulation of the exchange rate.

The head of the foreign trade division of the Ministry of Commerce of China has recently made a speech on the issue of textile exports in 2009. Under the current circumstances, in order to implement the spirit of the Executive Council of the State Council and maintain steady growth in exports of textile and other labor-intensive products, the Chinese government will further strengthen dialogue and communication with the countries concerned to ensure a smooth pition and create a favorable external environment for China's textile exports.