Australia : Wool industry welcomes FTA negotiations with China - Textile Fashion News Fibre2Fashion
Australia : Wool industry welcomes FTA negotiations with China
23rd April 2005
Australian Wool Innovation Limited (AWI) Chief Executive Officer (CEO) Dr Len Stephens today welcomed the Australian and Chinese Governments' green light for Free Trade Agreement (FTA) negotiations.
"China is critical to the longterm prosperity of Australian woolgrowers and a comprehensive FTA will clear obstacles along the wool supply chain that restrain export growth to this $1 billion annual wool export market," he said.
"The FTA should increase capacity for real export growth through the liberalisation of not only tariffs and quotas, but also by addressing beyond the border issues such as quota administration and the mandatory re-testing of Australian wool."
Dr Stephens said that wool was the second largest Australian export to China and the liberalisation of this market would provide significant gains for the wool industry and Australia.
"Just as importantly, an FTA would have benefits for the Chinese domestic wool and textile industry by increasing supply chain efficiencies," he said.
"China's middle class is increasingly demanding more quality apparel - the FTA should ensure that both Australian woolgrowers and the Chinese textile industry can capitalise on this demand."
In addition, Dr Stephens said increased Australian wool exports would have no impact on Chinese domestic wool production, with Australian wool primarily used for higher quality apparel and broader micron Chinese wool used mainly in furnishings, bedding and industrial textiles.
Dr Stephens said AWI would continue to work closely with the Australian Government to support the development of a comprehensive FTA with China.
Australian Wool Innovation Limited
Australia : Wool industry welcomes FTA negotiations with China - Textile Fashion News Fibre2Fashion
23rd April 2005
Australian Wool Innovation Limited (AWI) Chief Executive Officer (CEO) Dr Len Stephens today welcomed the Australian and Chinese Governments' green light for Free Trade Agreement (FTA) negotiations.
"China is critical to the longterm prosperity of Australian woolgrowers and a comprehensive FTA will clear obstacles along the wool supply chain that restrain export growth to this $1 billion annual wool export market," he said.
"The FTA should increase capacity for real export growth through the liberalisation of not only tariffs and quotas, but also by addressing beyond the border issues such as quota administration and the mandatory re-testing of Australian wool."
Dr Stephens said that wool was the second largest Australian export to China and the liberalisation of this market would provide significant gains for the wool industry and Australia.
"Just as importantly, an FTA would have benefits for the Chinese domestic wool and textile industry by increasing supply chain efficiencies," he said.
"China's middle class is increasingly demanding more quality apparel - the FTA should ensure that both Australian woolgrowers and the Chinese textile industry can capitalise on this demand."
In addition, Dr Stephens said increased Australian wool exports would have no impact on Chinese domestic wool production, with Australian wool primarily used for higher quality apparel and broader micron Chinese wool used mainly in furnishings, bedding and industrial textiles.
Dr Stephens said AWI would continue to work closely with the Australian Government to support the development of a comprehensive FTA with China.
Australian Wool Innovation Limited
Australia : Wool industry welcomes FTA negotiations with China - Textile Fashion News Fibre2Fashion
posted by Eastlaw @ 9:54 PM
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