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Europe Daily Bulletin No. 8840
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GENERAL NEWS / (eu) eu/trade/textiles

Operators with best grasp of logistics of market are best placed to cope when textiles quotas are removed, says OECD

Brussels, 02/12/2004 (Agence Europe) - In a report to be published this month on the repercussions of the removal of import quotas on textiles and clothing on 1 January 2005, entitled "Textiles and Clothing: Facing the Changes", the Organisation for Economic Cooperation and Development (OECD) stresses that if major players such as China are to take advantage of the new situation, over the years the winners, small and large, will be those who get to grips with the way the market functions, both by bringing their costs down, and also by being able to meet required quality standards in very short periods of time. The OECD recognises that this new situation, in which the countries in question can no longer protect themselves by imposing quantitative restrictions on the importation of textile products and clothing, will have major repercussions for all links in the supply chain of the world textiles sector. The OECD is looking in particular at the consequences for producers of cotton, manufacturers of textiles and clothing and retailers. The OECD report recommends a framework of action to help face the changes, and to benefit from the commercial opportunities opened up by improved market access.

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