Home breadcru News breadcru Policy breadcru Govt may raise quota deposit to 100%

Govt may raise quota deposit to 100%

19 Jul '06
1 min read

Government is planning to increase the textile export quota deposit from 30 percent to 100 percent.

Most textile enterprisers oppose this decision as it will build up the fund pressure.

Experts believe that the rise of deposit would stop speculation in textile export quota to some extent, however, 100 percent rise would bring more disadvantages.

Fibre2fashion, News Desk - China

Get Free Weekly Market Insights Newsletter

Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!