China Textile International Textile Co., Ltd. Responds to International Trade Friction

Recently, special training on “Meeting International Trade Frictions and Using Rules to Safeguard Rights and Interests” co-sponsored by the China Textile Industry Federation, the China Council for the Promotion of International Trade, and the China Oriental Silk Market Management Committee was held in Shengze, Jiangsu. The need to pay attention to coping with international trade frictions has become a consensus among the entrepreneurs present.

Liang Shu, Director of the Export Department of the Import and Export Fair Trade Bureau of the Ministry of Commerce, Liang Hua, Deputy Director of the China International Economic and Trade Arbitration Commission, and Zhang Zhenan, a lawyer of Shanghai Haoying Law Firm, respectively, “The recent macroeconomic situation in international trade friction. "Related Trends in the Textile Industry," "Lessons to Solve Commercial Arbitration and New Arbitration Rules of CIETAC," and "Analysis of Anti-dumping Cases in the Textile Industry and Corporate Coping Strategies" are titles of more than 150 foreign textile companies in Shengze and surrounding areas. Focuses on analyzing the current foreign trade situation and points of attention. Including companies responding to trade frictions, they should promptly understand effective information and enhance professional capabilities; be familiar with various trade laws and regulations; use internal and external forces to guard against risks, and adjust market strategies in a timely manner to enhance market competitiveness so as to effectively avoid trade disputes.

With the increasingly complex international economic environment and increasing international trade frictions, as of March this year, China's textile industry suffered various trade investigations such as "two counter-two guarantees" and other non-tariff barriers. This brings greater trade risks to the operation of textile companies and is not conducive to the development and growth of the industry.

In view of the intensification of international competition and the deterioration of the external environment, it will create a situation of high trade friction. Zhang Yanxi, vice president of the China Federation of Textile Industry, said that since the beginning of this year, foreign trade has faced the second serious challenge since the financial crisis. Properly handling and resolving trade frictions is related to the overall interests of the industry and is also a long-term and arduous task. It requires the joint efforts of the government, industry organizations and enterprises. As a representative of the interests of the national textile industry, the China National Textile and Apparel Council will unremittingly serve the industry, serve enterprises, and serve industrial clusters. It will further help enterprises understand the status of trade frictions, make full use of arbitration to protect their rights and interests, and how to focus on Legal risk prevention, active, active and effective response to trade frictions.

Wu Jiang, member of the Standing Committee of the Wujiang Municipal Party Committee of Jiangsu Province and Shengze Town Party Committee’s Li Jianbiao, said in a training class that striving to expand international trade and expand the share of the international market is the development needs of textile and garment enterprises in Wujiang. At present, the new situation faced by foreign trade development requires textile and clothing trading companies to pay more attention to risk prevention, avoidance of trade disputes, and improve their operating standards in the business process. The training provided timely and effective support and assistance for Wujiang's textile and apparel companies through the interpretation of trade laws and regulations and the introduction of countermeasures.