Ministry of Commerce issued tender board US-bound textile exports to the U.S. textile

Even if the companies in November to get a quota on time, I am afraid Christmas catch up business opportunities, can not guarantee that even in January 1, 2009 quota set aside before the product shipped to the United States.

October 30, 2008, the Ministry of Commerce issued the tender committee of the annual textile exports to the U.S. Third Notice of the tender agreement, a total of 3757 companies have qualified to bid agreement to participate in the quota of textile exports to the U.S. “Halo.”

To participate in the bidding companies are required to Nov. 1 to the local department in charge of business applications. Office is expected to tender will be announced on November 14 successful preliminary results of the official results of the successful tender by the Committee in the Ministry of Commerce Web site.

At the same time, a week ago, some of the popular high quota exports to the U.S. market this week, down rapidly. Data shows that since October 27 onwards, USA347 (cotton trousers for men and women and boys and girls, slacks, shorts outside) from 3.4 U.S. dollars / quick to play down to 2.8 U.S. dollars / play; USA352 (cotton and chemical fiber underwear system), From the 1.6 / fighting all the way down to 1.18 U.S. dollars / play, USA332 (cotton, wool, man-made fiber hosiery) from 1.5 U.S. dollars / 1.2 U.S. dollars down to play / fight between, USA338 (cotton knit shirts) from 1.2 U.S. dollars / Fell to 1.05 U.S. dollars to fight / play. To go before the end of two months only the elimination of quotas, quota prices down further.

According to customs statistics, China’s enterprises have already used up the annual quota of 67.7 percent. Earlier, Foreign Trade Secretary for the Ministry of Commerce said the export performance of the first abnormal business after the verification is carried out in the third round of bidding. The industry is worried that if the remaining quota in the “void” in a timely manner can not flow into the market, will lead to business as a result of cost factors difficult to orders which in turn will affect shipping Christmas period.

Such fear may become a reality. In accordance with usual practice, textiles and garments to prepare businesses from the export of raw materials to complete the cycle in general for 60-75 days. Even if the companies in November to get a quota on time, I am afraid Christmas catch up business opportunities, can not guarantee that even in January 1, 2009 quota set aside before the product shipped to the United States.