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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: Condor who wrote (58952)	11/26/2002 1:18:03 PM
From: Ilaine	Read Replies (1) \| Respond to of 281500

Canadians should be glad the Chinese don't produce softwood: >>China could swamp export nations, predicts State Dept. official JoC Online Wednesday, November 20, 2002 By: William Armbruster - The JOURNAL of COMMERCE ONLINE NEW YORK -China will look like an oncoming train to textile and apparel industries that manufacture in developing countries when all import quotas are scheduled to be phased out at the beginning of 2005, said Robert Boynton, senior textile coordinator for the U.S. State Department. "There have to be a lot of losers in this equation. That has a lot of countries nervous," Boynton told the annual trade conference of the U.S. Association of Importers of Textiles and Apparel. Boynton said some developing countries mistakenly think that China's advantage is simply based on price. But, it also has an edge because of its efficiency. "China is going to be able to beat other countries because of its ability to deliver what the customer wants when the customer wants it, " he said. The State Department official estimated that quotas are worth 2-1/2 times the value of tariff preferences, meaning that Caribbean nations that enjoy duty-free access to the U.S. will not have much of an edge once the quotas are abolished. Some countries are trying to diversify by attracting other industries, but that's difficult because the investment climate in a lot of Third World nations "is dicey", he said. "For that matter it's dicey in China." Despite the competition from China, Boynton predicted that the textile and apparel industries in many developing countries will survive. He based that assessment on conversations with importers. "Some of you have said you have good relations in Sri Lanka, Latin America or Bangladesh. If you have a good relationship, keep it," he advised.<< joc.com