The Latest Information Express In The International Textile Industry (8.29)

< p > < strong > Mexico looks forward to resolving China's < /strong > a target= "_blank" href= "//www.sjfzxm.com/" > strong > textile > /strong > < /a > < > > goods > subsidy dispute.

< p > Mexico economic minister Il de Funso Guajardo. The Villarreal stressed at the meeting with Chinese Commerce Minister Gao Hucheng that the solution to Mexico textile industry's complaint about China's subsidies for its textiles and < a target= "_blank" href= "//www.sjfzxm.com/" > clothing /a > manufacturing sector was emphasized, and the importance of satisfactory solutions was reached.

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< p > according to the information of the Ministry of economic affairs of Mexico, this is the statement of Villarreal participating in a meeting with Minister Gao Hucheng during the Pan Pacific Partnership Agreement held in Brunei.

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China will open an alternative plan to solve the problem of textile subsidies in China at an early date and to give priority to trade promotion in the "a href=" //www.sjfzxm.com/news/index_c.asp "textile industry < /a" at P.

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During the meeting, officials of the two sides agreed to increase trade and investment between the two countries, emphasizing the importance of supporting commercial delegations in opening up new areas of economic and commercial cooperation. P

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< p > Villarreal said that Mexico will fulfill its promise and set up a trade representative office in China to support this effort.

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< p > Mexico recognizes China's observer status in the Pacific Union, emphasizes the importance of China's growth in Latin American countries, and is eager to use this form to generate new opportunities to benefit the domestic textile industry.

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< p > in October 2012, Mexico filed a complaint with the World Trade Organization and asked to start a dialogue with China.

Mexico condemned the Chinese government for subsidizing the departments of textiles and < a href= "//www.sjfzxm.com/news/" > garment manufacturing, which is unfair to Mexico's textile and garment industry.

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< p > in June 2013, the representatives of the Mexico government and the Mexico textile and Garment Association expressed confidence that they could solve the problem within three months, taking into account the agreement reached between the two countries when Chinese President Xi Jinping visited Mexico.

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< p > < strong > Indonesia says it will discuss tax concessions for labour intensive industries < /strong > /p >

According to Indonesian media, the Ministry of finance of Indonesia said that the Ministry of finance is now studying tax concessions or postponed tax payment methods for labour intensive industries, so as to enhance enterprise competitiveness and increase employment opportunities, increase people's purchasing power, and achieve the goal of expanding domestic consumption. P

As foreign direct investment is sluggish, and exports are also affected by fluctuations in international commodity prices, the future will reduce dependence on investment and exports and turn to increase consumption.

According to the information released by the Indonesian investment Coordination Committee, the amount of direct investment of outsiders in the second quarter of 2013 was only $7 billion 200 million, up 18.9% from the same period last year, the lowest growth rate since 2010.

During this year, total consumption of Indonesia amounted to 110 megabais (about US $10 billion 690 million).

The Ministry of industry said that delayed tax measures would help enterprises to reduce the pressure of layoffs and improve the operational difficulties faced by enterprises because of the a href= "//www.sjfzxm.com/news/" > textile garments < /a > a target= "_blank" href= "//www.sjfzxm.com/" > shoes < /a > and other labor intensive industries.

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< p > < strong > China's demand growth India cotton yarn exports registered a sharp increase of 55% < /strong > /p >

< p > due to the resurgence of China's demand, India's < a href= "//www.sjfzxm.com" > cotton yarn export < /a > registered has jumped 55% in the first 4 months of the fiscal year.

If this trend continues, cotton yarn exports this year may set a new record.

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The data compiled by the India General Administration of foreign trade (P) showed that traders and exporters had registered 488 million 150 thousand kg in the month of -7 in April 2013, compared with the same period of 314 million 190 thousand kg in the same period of last year.

The export registration of cotton yarn is almost doubled compared to 245 million 840 thousand kg in April 2012 -7 months.

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< p > > a href= "//www.sjfzxm.com" > India textile > /a > Secretary General DKNair said that if this trend continues, the export of cotton yarn will exceed all previous expectations this year.

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< p > it is reported that the cotton yarn Advisory Committee expects that India's cotton yarn exports will grow 14.2% to 1 billion 150 million kilograms this fiscal year.

But actual exports may be even higher.

The total output of cotton yarn is estimated at 4 billion kilograms this year.

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ArunSakseria, a cotton trader and exporter based in Mumbai, said that the Chinese government's cotton import and local taxes totaled about 40%. P

On the contrary, the import duty of cotton yarn is only 7-8%.

Therefore, importing cotton is of no significance to Chinese textile mills.

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< p > China produces 670-700 tons of cotton per year, compared with 9 million 500 thousand tons.

China has made policies, and the gap has been offset by zero tariff import, while increased imports are subject to high tariffs.

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