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India, Gengal benefit from the restriction of China textile product

India, Gengal benefit from the restriction of China textile product

Write: Jamesina [2011-05-20]

Overseas media report that India and Gengal benefit from the quota restriction of China textile because US retailers turn to these two countries to order. The statistic from US Commerce Ministry show that China fashion export decrease greatly since US take restriction measures. In January, China total export is increased by 15% compared with the same period in last year, China share in US market is decreased by 2% compared with 2005 in average.

Benefit from this condition, the exporter of India and Pakistan increase more than China. India export textile increased by 34%, China 21%, Pakistan 36%. However, in fashion export, India is increased by 46%, over than other developing countries, the second is Pakistan, increased by 35%.