| WTO report on Global Textile Trade
China's textile and clothing sales were not affected by US and EU
quotas in 2006, the WTO confirmed while releasing its preliminary data
on global trade. Major trends in textile trade stayed unchanged to the
benefit of poorest Asian countries such as Bangladesh, Cambodia and
Vietnam. Share of processing trade is on the decline to the detriment
of US and EU textile producers.
Quotas that were re-imposed on China's products
had no radical effect on global textile and clothing trade said the
WTO (World Trade Organisation). While releasing a first look at last
year's main trends in global trade, the Geneva's body said that
"structural changes in world trade of textiles and clothing continued
unabatedly.
EU and US quotas apparently limited the growth in
textiles and apparel imports from China that were only up 15% and 10%
in US$ terms, respectively. Imports of Chinese products by Canada only
rose 22% at the same time, although Ottawa did not re-impose quotas.
Bangladesh benefited from a 22% jump in US
textile and apparel imports from the country while EU imports were
even up 34% from the same origin. European imports from Vietnam even
surged 51% in US$ terms. Cambodia and Indonesia also took advantage of
a strong rise in shipments to both EU and US markets.
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