As regards China, he states: "The continued strength of China's merchandise exports (in value terms) has been another element in the strong trade performance of developing countries."
But the most striking observation is made over China and India as he writes, "The elimination of quota restrictions on textiles and clothing at the beginning of 2005 does not appear to have had a major impact so far on demand or domestic market conditions in the major importing markets – the United States and the EU. What has perceptibly changed, however, is the composition of market shares among exporting countries. China and India, along with a number of other relatively recent market entrants such as Jordan and Peru, have gained market share, while a number of other countries that benefited previously from preferential market access through quotas now account for lower shares."
marketing@alchempro.com
