In 2007, nearly 30% of categories with export quotas to the United States have more than half remaining
I learned yesterday that there was a significant gap in the usage rate of various textiles and clothing exported to Europe and the United States last year. The usage rate of some categories reached more than 90%, some categories were less than 30%, and some categories were even only 3.3%. Generally speaking, the usage of categories exported to Europe is generally higher than that of categories exported to the United States, and the clothing category is higher than textiles and fabrics. Nearly 30% of the categories exported to the United States have more than half of the quota.
Categories exported to Europe have higher usage
In 2007, among the 10 categories exported to Europe, the customs clearance rate was generally high. Among them, Category 6 has a customs clearance rate of more than 90%, and the usage rates of the popular categories of Category 5, Category 26 and Category 7 all exceed 95%; Category 2 has a customs clearance rate between 80% and 90%; in addition, Category 2, The customs clearance rates for categories 39 were 72.6% and 62.6% respectively.
Experts predict that in this year’s quota market, quota transaction prices will not fluctuate as sharply as in 2007, and the overall price will decrease. The quota restrictions imposed by the United States on my country’s textiles will end at the end of this year. Starting in 2019, the United States may still take new protective measures against us.
If quotas are canceled as scheduled at the end of 2019 and China’s textile imports surge, it is not ruled out that U.S. manufacturers will file applications for the implementation of a “transitional safeguard mechanism” or request the U.S. International Trade Commission to implement countervailing measures.
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