Recently, many countries have adjusted their trade measures, which will inevitably have a certain impact on the global trade pattern. What opportunities and challenges will my country’s textile market face?
The United States
A few days ago, according to Reuters news from Washington, the Biden administration of the United States will re-evaluate the policies of the former President Trump. National security measures, including the first phase of the China-U.S. economic and trade agreement. The report quoted U.S. government sources as saying that the Biden administration will suspend the implementation of U.S. tariffs on $370 billion in Chinese goods during the review period until a comprehensive review is completed and the United States finds the best way to join forces with other countries to deal with China. , and then decide what changes to make. The market is taking a cautious wait-and-see attitude towards this news. It is expected that the competitive relationship between China and the United States will not change, but the methods and methods may be adjusted from before.
Turkey
Recently, the Turkish Ministry of Trade issued Announcement No. 2021/3, which regulates products originating in China, Malaysia, and South Korea. The third anti-dumping sunset review made an affirmative final ruling on synthetic long fiber fabrics from Thailand, Thailand and Taiwan, China, and decided to maintain the anti-dumping duties on the products involved in the above-mentioned countries and regions, and levy anti-dumping duties at the landed price (CIF) as follows: China’s Products involved in the case with a unit weight greater than 110 grams/square meter are levied an anti-dumping tax of 42.44%. Products involved in the unit weight of China are less than or equal to 110 grams/square meter are levied an anti-dumping tax of 21.13%. Products involved in the case from Malaysia, South Korea, Thailand and Taiwan, China Anti-dumping duties of 7.76% to 42.44%, 14.64% to 40.00%, 8.67% to 30.93%, and 13.91% to 30.84% are levied respectively.
Bangladesh
Due to the interruption of Bangladesh’s textile supply chain during the epidemic, the country is currently facing difficulties in making and exporting ready-made garments. Local textile companies said that Bangladesh urgently needs to improve its industrial chain and reduce its demand for imported textile raw materials.
At present, the domestic knitwear industry is becoming saturated, and the woven fabrics industry has become a new investment direction. However, due to the large investment amount but low profit margin, investment in this field is currently not active. </p
