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Belgium : EURATEX names China, India major gainers post-quotas |
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2006-3-21
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EURATEX reported that not unexpectedly, the elimination of quotas on 31st December 2004, in accordance with the Agreement on Textiles and Clothing (ATC) led to a rapid rise in imports in a number of clothing categories (trousers, shirts, T-shirts, pullovers, brassieres etc.) with China as the major beneficiary.
This in itself led to the bilateral agreement between Europe and China, subsequently aped by the United States and Brazil, which has placed limits on Chinese exports in 10 categories of products.
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A comparison of import levels over the period 2004-2005 shows that overall in textiles together with clothing there has been an increase in volume of +4.2% whilst the % change in value has been +5.5.
The major beneficiaries of liberalisation have been China and India, whereas South Korea and Hong Kong have lost EU market share.
EURATEX is a non-profit trade organization, dedicated to the promotion of the European textile and apparel industry. |
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