China's Textile Industry

Paper Summary:

This paper discusses China's emerging textile industry after the WTO lifted the quota system in January 2005. Some countries have refused to lift all quotas claiming that China has an unfair competitive advantage. This paper explores China's textile market and how it compares to markets in other countries. China has pledged to ensure more effective macro control of its textile sector and work with the European Union (EU) on a way to resolve the trade issue.

From the Paper:

"In the United States consumers can walk into any Wal-Mart, K-Mart, Zellers, or any other retail outlet and buy clothing with labels that read "Made in Sri Lanka" or "Made in Indonesia." It is not uncommon for garments to be constructed in these regions, yet what many consumers do not realize is that the fabric was made somewhere else. More often than not, the fabric used to make each garment is made from cotton spun and yarn woven in China. At the beginning of 2005, China, along with more than 40 countries from around the world, including Nepal, El Salvador, Honduras, Cambodia, and Sri Lanka, signed the scheduled elimination of quotas for exporting to the United States and member countries in the European Union."

More papers on China's Textile Industry:

• Research Paper # 96408 : "Globalization and the Textile Industry"
• Research Paper # 71660 : "The Textile Industry "
• Research Paper # 22516 : "Textile Industry In Hong Kong"

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