According to Chinese Textile Industry Association, in the first six months of this year, country's textile and apparel export value to the EU represented only 0.03 percent over the same period last year, and totaled to US $12.519 billion.
Export value of 11 restricted products dropped nearly 7.6 percent in growth rate from the corresponding period last year.
Experts from the industry emphasize that enterprises need to pay close attention to this anomaly, as Sino-EU agreement will expire by the end of this year.
Although in the first half of 2007, country's overall textiles exports to the EU maintained a smooth growth at 15.93 percent. However, clothing exports fell 5.45 percent, cotton knit clothing declined 15.89 percent, and chemical fiber knitted garment dropped 28.66 percent. Meanwhile chemical fiber woven garment exports also fell slightly by 2.21 percent.
Statistics reveal that exports to Bulgaria and Romania marked $68.2743 million and $280.5353 million, down 82.48 percent and 87.66 percent, respectively.
Country's textile and apparel exports during this period to other EU member countries amounted to $12.17 billion, a year-on-year growth of 23.90 percent.
After the end of Sino-EU textile agreement, trade environment will see new reforms and this situation of zero growth in exports of some products is expected to undergo a sea change.
Meanwhile, enterprises should make efforts to increase export growth by improving technology and brand value, in order to avoid a new round of trade conflicts.
Fibre2fashion News Desk - China
marketing@alchempro.com
