Elimination of quotas on EU market: The elimination of quotas on textiles on the EU market for Vietnam in January 2005 opened a new opportunity for the textile industry to Vietnam could significantly increase export turnover. As mentioned in Section 2.2.1, the EU market has more appeal than the U.s. market scale and growth rate. the quota for China: in early 2005, to limit the spread the washing of textile exports to the Chinese market, the United States and EU countries have applied for the quota level of textile imports from China in the form of not allowing the increased ratio of imported textiles higher its 10% per year. The quota was significantly reduces the competitiveness of China's textile export and bring more opportunities for Vietnam. WTO: hopes Vietnam will become a member of the WTO within the next two years. When Vietnam joins the WTO, the current quotas are to apply for Vietnam's garment exports will definitely be lifted, especially for the quota to the U.s. market. This will increase the ratio of imported textile product of the United States from Vietnam because the quota is one of Vietnam's largest barriers in this market.
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