Our export growth not invading other's share - Vice Min Hucheng
26 Oct '07
2 min read
Vice Minister of Commerce Gao Hucheng said on October 21 that China is not the only sole beneficiary of global textile trade liberalization. The export growth of Chinese textiles has not invaded the market shares of other countries and regions as a price.
According to WTO statistics, from 1996 to 2000, the average annual increase of world textile and apparel trade volume was just 2.7 percent and the average annual net increase of trade volume was US $8.8 billion.
With continuous promotion of integration process, from 2001 to 2005, the average annual growth rate of global textile trade reached 6.1 percent, while the average annual net increase of trade volume was $24.75 billion.
In 2005, among the top 15 textiles and apparel exporting countries and regions, 14 achieved growth ranging between 4.0 and 21 percent.
Gao Hucheng said that the liberalization of textile trade is a mutually beneficial and a win-win process to all countries and regions. The development of China's textile industry has stimulated the imports of related sectors of fabrics, cotton, and textile machinery.
In 2006 China registered US $18.1 billion of textile and apparel product imports, an increase of six percent on year; $4 billion of textile machinery imports, an increase of 19.2 percent on year; $4.87 billion of cotton imports, an increase of 52.3 percent on year.
In his view, foreign importers, wholesale retailers, brand owners and the logistics industry are all the beneficiaries of Chinese textile export growth. They get 90 percent of added value in production and sales, while China's textile industry only gets 10 percent of the added value.
marketing@alchempro.com
