According to the international monetary fund (IMF) published a report in June last year,marc jacobs sunglasses after the cancellation of quota, Bangladesh export potential losses will reach as high as 25%. Gaza said, this is the pessimistic side. One theory is that the textile industry in Bangladesh lacks of quot;backward contactquot;, its raw materials are all imported, and the labor costs has increased, the cost of production and transportation has a high costs. Some people have asked the subsidy help from government and textile production.
Bangladesh, Sri Lanka, Nepal and some other countries, after the cancelation of the quotas, they have to face the textile threat at the same time, but also there has the political instability problems, and they have to worry about frequent hurricanes and floods.
Goldman has published survey, the survey found that most people tends to buy the stuff from other countries. Textile trade has taken the measure as wal-mart, and J. C. penny company to control their business. Their purchasing decision could dominate global clothing manufacturing form. Many small garment production is a cruel news.
At present, the United States, the European Union, Turkey and the Canadian government has officially reported to the WTO, they said it will be a textile integration. The WTO officials also said textile integration will be carried out. However, textile integration does not have a smooth process. The developed countries such as the US and Europe members have taken different measures trying to curb the growth of China’s textile exports.
Germany textile retailers’ association said they will cancel textile quotas at the end of the year, and the German market price will drop about 5% on average. At the same time, this year expected German clothing industry will be loss 20000 jobs, the main reason is the cancellation of the textile quota.
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