No deal for consumers & makers despite Sino-US textile agreement
09 Dec '05
2 min read
Textile quotas were perceived as tool for protection by the US Government, and for US industries, under pretext that foreign imports would not stifle their very survival.
But even the staunchest of proponents of the theory have been conclusively proved wrong as textile industry after industry in US crumbles mainly under Chinese imports burden that is unrelenting, even though recent Sino-US textile agreement has concluded after much haggling.
This proves US textile industry power to sway US decision makers at turning odds in their favor but ultimately to what ends?.
The Sino-US textile agreement albeit may prove a temporary measure restricting 34 categories of textiles from China, the point that concerns US consumers and textile maker of the country is whether they will get cheap good with textile quotas in place?
General opinion suggests a plain 'No.'
Further, even producers have no gain in the deal as past ones like cut in Japanese cars that was brought in to save Detroit car makers.
Not only did it propel Japanese carmakers to roll out Hondas & Toyotas but today, they rule the American streets.
View from China suggests producers are seeking new high range or entering niche textile products manufacturing increasing profitability, phasing out from ordinary T-shirts, cotton garments and cheap knitwears.
marketing@alchempro.com
