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Bidding solution to textile quota conundrum
By Jiang Wei (China Daily)
Updated: 2005-09-14 06:03
China is likely to adopt a bidding method in allocating the textile quotas
for the next year, in order to ensure fair play during the process, according to
information from the China Chamber of Commerce for Import and Export of
Textiles.
This move was made upon the request of many textile manufacturers in China.
It will also help better manage exporters' performance.
Chinese workers sew
up garments at a factory in Panjin, Northeast China's Liaoning Province
September 5, 2005. [newsphoto] |
Currently, China's allocation of textile quotas, particularly from the
European Union (EU), was based on textile dealers' shipments in the previous
year.
According to this method, a number of textile companies got only small
figures, even several items or kilograms, and were not able to conduct exports
at all. Many enterprises complained about the resource waste from such an
allocation method.
A conference among major domestic textile exporters was held yesterday to
discuss whether to adopt a new method for the country's textile exports.
"We hope all the quotas for the next year will be allocated through a bidding
process, because it is fair and scientific," said an official with a
Beijing-based textile producer, who declined to give her name.
"The government might accept the bidding method, but it is not clear whether
the quotas will be allowed to circulate in the market," she said.
She added that enterprises hoped the final government decision would be
published as soon as possible, so as to rule out the uncertainties for
exporters, and enable them to sign contracts for next year with foreign buyers
in October.
However, a source from the chamber said the government was likely to adopt
this method on part of the quotas and leave others allocated in the original
way.
"Thirty to 40 per cent might be taken for bidding," the source said adding
that the proposal needs to be approved by the Ministry of Commerce.
Official information on the bidding method is not yet available.
The current quota allocation was governed by provisional management measures
issued earlier July.
In the "vacuum period" before the measures took effect on July 20, most
textile manufacturers worked hard to export as much as possible.
Such practices lead to chaos, with Chinese textiles' stockpiled at EU
ports.
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