US Textile Commission Holds Back The Bad Recruitment Again, Chinese Textile And Garment Enterprises Should Take Precautions

Recently, Kim glas, President and CEO of the National Textile Organization Committee (ncto), made a speech at a hearing held by the house Fundraising Committee on how to support American workers, enterprises and the environment in the face of "unfair" Chinese trade practices.

"China's export-oriented economy is questionable." "These practices take many forms, from macroeconomic policies that give manufacturers a comprehensive advantage, to industry-specific programs designed to dominate global markets in targeted areas. The US textile industry has long been a victim of China's export behavior," glass said

Glass further pointed out: "China's almost unlimited and unrealistic pricing power, coupled with its subsidies and lack of enforceable labor and environmental standards, deprives the United States of the benefits of the entire free trade and preferential scheme structure and undermines the policy objectives of the United States." He said a maximum pressure plan must be developed and fully implemented to reconfigure the textile and clothing procurement model and avoid creating a heavy dependence on China.

With strong trade policies that require China to take responsibility, investment opportunities in the US domestic region are ripe to support this critical textile and apparel production chain. The United States has recently shown a tendency to increase production offshore, which is expected to help solve the immigration crisis and create a win-win situation for American workers and consumers. Once the proposal is accepted, it will be a good thing for the U.S. economy, but it will be another heavy blow for China's foreign trade enterprises. The foreign trade situation is bound to be affected by it.

Glass also put forward some major policy recommendations to the committee, which are highly directional and disadvantageous to China's textile and garment enterprises. These include: enacting tax incentives and other targeted key investments to strengthen trade relations and manufacturing in Latin America; Prevent the expansion of the generalized system of preferences, including textiles and clothing products; Using the trade law enforcement in free trade agreement to reduce the transshipment plan of unscrupulous importers who try to evade tariff illegally.

In the context of the continuous impact of the new crown pneumonia epidemic, following the rising prices of raw materials and shipping, unilateralism and trade protectionism are on the rise, which has brought great pressure to China's foreign trade enterprises. Although it will not change the basic situation of China's foreign trade development in the short term, it will certainly have a certain negative effect on the global international trade in the long term. At the same time of constantly adapting to the big environment, it is the proper meaning for the survival and development of enterprises to take precautions, be good at thinking and be diligent in innovation.