China Growth
China has taken control of half of the U.S. apparel market in areas where quotas have been removed, gaining much of it from other developing countries, except India and Vietnam, according to recent data from the U.S. Department of Commerce. The National Council of Textile Organizations said the developing world had lost $3 billion in exports, while China had gained almost $8 billion in textile sales during the last four years. The NCTO said the situation “highlights the need for a textile sectoral solution” in World Trade Organization talks. African, Central American, Mexican and Andean manufacturers were among those most affected, followed by those in Sri Lanka, Bangladesh, the Philippines and Thailand.
