Chinese imports to 'crush' French fabric sector

14th March 2005, Comments 0 comments

PARIS, March 14 (AFP) - French fabric manufacturers are going to be "completely pulverised" within the next two years by Chinese textile imports, the head of the national clothing federation, Charles Melcer warned Monday.

PARIS, March 14 (AFP) - French fabric manufacturers are going to be "completely pulverised" within the next two years by Chinese textile imports, the head of the national clothing federation, Charles Melcer warned Monday.

"French manufacturing, even European manufacturing, is going to be completely pulverised this year, or within two years," because quotas on Chinese imports have been abolished, Melcer told BFM radio.

"When there were safeguards we lost 2,000 jobs per month, or 24,000-25,000 jobs per year. In the last two months there have been more than 50 percent more" compared with the same period one year earlier, he said.

On January 1, import quotas established under the 1974 Multi-Fibre Agreement came to an end, opening markets in a move that has benefited China most of all.

Chinese textile exports shot up in January by 65.2 percent towards the United States and by 46.5 percent towards Europe.

© AFP

Subject: French News

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