Second Chinese textile quota system introduced
Recently, China Government decided to change textile export quota bidding system from public competitive to agreement bidding. According to the 'textile export temporary management measures', 70 percent of textile export quota is directly distributed to textile enterprises, and 30 percent is to be distributed via…
Egytex News Desk
Egytex
In last two public biddings, several firms wasted some portion of their quota.
In order to increase the usage rate of textile export quota, to lighten enterprises burden, and to reduce bidding cost, China has introduced this second textile quota system, which is also the last big distribution this year.
Source: Fibre2fashion.com
From the Egytex news archive, first published on 13 August 2006. Figures and names are as reported at the time.
