China Australia FTA Is Excellent For Textile And Garment Enterprises.

After the signing of the agreement between Australia and China, the two sides are completing their respective examination and approval procedures, which are expected to be formally implemented in the near future.

The liberalization level of the Sino Australian free trade area will be very high. The Australian side will eventually achieve zero tariffs on all Chinese taxable products. The Chinese side will eventually achieve zero tariffs on 96.8% of the Australian tax items, and in the FTA, the Australian side has not made any special restrictions and management on Chinese textiles and clothing.

It is understood that at present, Australia still has a tariff of 5% and 10% for most of my textiles.

If we understand and make full use of the preferential tariff policy, the entry of Chinese textile and clothing into the Australian market will be the same as zero tariff treatment for ASEAN products. At the present time, the price competitiveness will be improved accordingly, and the market share is expected to further expand.

China Australia free trade area has relatively loose origin standards for goods.

For example, if third party raw materials are used for processing, only some of them are processed.

If there is a special procedure requirement, the rest of the products will be eligible for the original goods only if they meet the tax classification criteria.

Over the years, Australia has been an important market for Chinese textiles and clothing, and China is also the largest source of imports.

However, since the establishment of the "ASEAN Australia New Zealand Free Trade Zone", Australia's imports from ASEAN member countries have increased, and the share of Chinese products has declined.

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Since the beginning of this year, the export of textiles and garments is facing many unfavorable factors.

In the main export markets, only exports to the United States kept growing. The first three quarters benefited from the gradual recovery of the US domestic economy and the strong performance of the apparel retail market. The cumulative export volume to the US dollar was 36 billion 400 million US dollars, an increase of 8.3%.

"The stability and good performance of the US market" has become a consensus among exhibitors. Most of the enterprises surveyed said that the export situation was more severe this year, but exports to the US have maintained steady growth and are generally optimistic about the US market prospect.

Jiangsu Guotai, Hong Kong Group and Furi home textiles responsible person said that with the further recovery of the US economy, consumer demand will expand correspondingly. Although Chinese products are fiercely competitive from Southeast Asia and other places in the US market, their competitiveness in the middle and high-end market is still strong, and they are not afraid of challenges.

Judging from the recent business situation, the United States is still the main driving force for the growth of China's textile and clothing export in a period of time.

On the two day before the third phase of the Canton Fair, $130 million was traded on the United States, an increase of 10.7% over the previous year.