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First trade platform for quota textile is operated in Shanghai open

First trade platform for quota textile is operated in Shanghai open

Write: Quirino [2011-05-20]

Yesterday, first online trade platform for quota textile is in operation in shanghai formally.

With the formal name"Online transference platform for textile quota", the platform is supported by Shanghai City government who tend to increase the use rate of Shanghai textile quota. Since trial operation in April.1, the platform has transferred and accepted 286 quotas and absorbs 270 member units. Some enterprise from other province demand to be the member of platform in succession.

The data show that Commerce Ministry distributed 70% US textile quota to enterprises with good achievement and conduct bidding to distribute the rest 30% for two times annually. However, the rest part among 70% is bought in and sold at a profit by agency, which lead to unbalance price and block the export of small-middle sized enterprise.

The principle of Shanghai Foreign Economy &Trade Committee declaim that this platform have several outstand functions, such as information issue, online trade, payment in platform: first, adopt security attestation system and carry out quota validation; second, on the basis of security, simplify procedure; third, offer the service including query, issuance, matching of information, trade and examine and approve as well as offer the powerful statistic function .