Released on = June 1, 2007, 10:45 pm

Press Release Author = Bharat Book Bureau

Industry = Marketing

Press Release Summary = 2005 has seen some fairly frenetic activity by US and EU
trade negotiators in their attempt to stem surges in textile and clothing imports
from China. And yet the year was supposed to herald a new era of quota-free trade.

Press Release Body = Editorial: Post-Quota Scenarios in Textiles and Clothing:
Chinese Producers Re-Assess Their Production and Export Strategies

2005 has seen some fairly frenetic activity by US and EU trade negotiators in their
attempt to stem surges in textile and clothing imports from China. And yet the year
was supposed to herald a new era of quota-free trade.

In the USA, the surge in imports started in early 2002 after China joined the World
Trade Organisation (WTO) and a large proportion of its exports were quickly freed
from quota restrictions.

Thereafter, the surge gathered pace and continued to do so until US safeguard
quotas-imposed on various products between late 2003 and August 2005-began to slow
import growth in the product categories to which the quotas applied. The quotas were
introduced under a special textile safeguard mechanism which had been incorporated
in China's WTO accession agreement.

The rapidity with which many of the quotas filled up underlined the strength of
demand for Chinese textile and apparel in the US market.

Moreover, it seemed that the more quotas the US authorities introduced, the more the
US industry submitted petitions to have further quotas imposed.

Product Overview

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comment and analysis, including:

regular updates on world textile and apparel trade and production trends;

profiles of textile and apparel companies and countries around the world;

business opportunities in the global market place;

political implications and information on trade blocs, tariffs and quotas;

and innovations and technological developments in the industry.

What makes Textile Outlook International indispensable?
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Textile Outlook International provides a truly independent and worldwide
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forecasts.

Where will the major markets be in the future?

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