Texindex.Com
Home For Buyers For Sellers MY Office News 国内贸易
    Industry News Texindex Press Releases Finance Company News The Largest Textile Market Online  
 
        Texindex.com runs the leading textile and apparel vertical nets , consisting of B2B Marketplace , Directory Search Engine , Career Center , Buyers'Guide , and Weblog in accordance with its 3C approach: Commerce Content Community
Not an Texindex.com memeber yet? Sign In
 
 

Warnings against Chinese textile unfounded: UN report

2005-10-27

Warnings from industry and labor groups last year that cheap Chinese clothing and textile would crush producers in other countries have so far proven unfounded, according to a United Nations report issued at a conference which ended on Wednesday.

In the report, the International Labor Organization (ILO) said that job losses from the lifting of global trade quotas in the textile industry on Jan. 1 this year had been lower than forecast.

"The dire consequences that were predicted, at least up until now, have not occurred," said Sally Paxton, official of the UN labor agency.

The report showed that although China's textile exports rose 20 percent in value and China's share of the global market had grown three percentage points to nearly 16 percent from January, a number of European Union members and Asian countries had also boosted exports and their global share.

Italy had boosted the dollar value of its largely up market products by 9 percent, and held a global market share of 8.5 percent. Germany saw the value of its sales rise by nearly 3 percent, and its share of global market is nearly 8 percent.

Japan, with 4 percent of the global market, saw the value of its exports go up by 2.8 percent. Turkey boosted sales by 11.5 percent in the dollar value and increased its global market share to 2.8 percent.

Small developing economies like Bangladesh, Cambodia and Morocco had not suffered so far from the changes as much as they had feared, said ILO textile industry specialist Jean-Paul Sajhau.


Xinhuanet.com

 
Hot News
Featured Partners
 
Featured sites: Chemical Network | ChinaChemical Network | Chemical CAS database | ChemNet Mall | China Commodity price
Copyright © 1999-2025  YesHiTech (Zhejiang) inc. All Rights Reserved 浙B2-20090135-2 浙公网安33010602010414
Contact:succeed@texindex.com Tel:86-571-87671500 Fax:86-571-88228200