Quanzhou: Doing both internally and externally to cope with the new environment of textile trade exported to Europe

by:JIYALI     2021-08-12
In accordance with the agreement between the Ministry of Commerce of the People’s Republic of China and the European Union to cancel the restrictions on the quantity of Chinese textiles exported to Europe, and to formulate relevant agreements on the monthly increase in exports, since 2008, China’s 8 categories of textiles exported to Europe have been subject to bilateral monitoring. Quanzhou’s textile and apparel industry has taken active measures to deal with the new Trade environment. Green Garment is one of the first companies to obtain a bilateral monitoring license. The person in charge of the company said that although the export situation of the company in the first quarter of this year was not significantly different compared with the same period last year, it should not be taken lightly.  Some companies simply believe that if the EU abolishes the quota for exporting textiles to the EU, Chinese clothing will be able to lean towards the EU market flatly. In fact, this is a wrong judgment. Experts and industry insiders suggest that Quanzhou enterprises should strengthen the added value of their products, and at the same time correspondingly change the original trading methods, expand the domestic market, and both internally and externally, in response to the current new situation of textile and apparel exports. In addition to policy factors, export companies will also face the appreciation of the renminbi, rising raw material prices, and rising labor costs. Therefore, export companies must take measures to actively respond.   Huaqiao University Professor Yin Xiaobo: Because we used to focus on July, August, September or at the end of each year, if the delivery time is not controlled, your total amount will easily exceed.   The expert also emphasized that it is best to strive for the euro settlement method for exporting EU textiles, which can guarantee the profit margin of the enterprise. In addition, enterprises should give due consideration to the domestic market, and allow foreign trade and domestic trade to compete with each other, so as to better promote the development of enterprises.
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