Effects of the end of quotas for textiles on the French industry

Résumé du document

On the 11th of December 2001, China embarked into a new journey in its history by becoming an official member of the World Trade Organization. This was the first step towards free trade however, it was not the last. China's sharp economic growth and the end of quotas in January 2005 predicted a revolution in worldwide trade ("WTO Membership"). Experts had predicted that Chinese clothing which was being imported by the European market (Bouhier De LEcluse 4-6) would see a remarkable rise from 17% to 40%. This statistics was expected to realize towards the end of the last quarter of 2004. A noted fact was that the Chinese importations rose considerably at the beginning of 2005 and the French textile production was consistently declining. Ever since China gained entry into the World trade Organization, the massive Chinese exportations of textiles to France have had a negative impact on the French textile industry.

Extraits

[...] Thanks to the “Join Declaration signed in 1984 by the Chinese and British governments” Hong Kong was declared a special administrative state of the Republic of China (Sacy 29-39) to the benefit of China's economy. Sharp economic growth of China The Gross National Product per capita of China rose by more than between 1990 and 1998 (World Bank 39). This first growth occurred after political changes. In 1992, Deng Hsiao-Ping hoped China could evolve toward a controlled capitalism. Indeed, large cites renewed their economic activity and investment in Hong Kong rose considerably (Stoessinger 84). [...]

[...] Effects of the end of quotas for textiles on the French industry Introduction On December China became an official member of the World Trade Organization, a first step toward free trade but not the last. China's sharp economic growth and the end of quotas on January 2005 predicted a worldwide trades revolution Membership”). By the last quarter of 2004, experts expected the market shares of Chinese clothing importations to grow from 17% to 40% in the European market (Bouhier De L'Ecluse 4-6). [...]

[...] As China gains in market shares and the manufacturing of textile and clothing leaves France, the French textile industry began to disappear. In addition to the negative economic and unemployment consequences, the decline of this industry predicts also a loss in skill and know-how for the country. Work Cited Balfour, Federik and Dexter Roberts. “China: Stealing Managers from the Big Boys”. Business Week European Edition 26 Sept. 2005: 26-28. Bouhier De L'Ecluse, Sophie. "L'Euroméditerranée doit accélérer face au big bang de 2005." Journal du Textile 1 Sept. [...]

[...] La Lettre du Centre de Conjoncture et d'Observation Economique de l'IFM #123 Feb. 2005: 3. Stoessinger, John G. The Might of Nations: World Politics in our Time. New York: McGrawHill, Inc Tétard, Claude. Interview. "L'habillement Français Mise sur la Zone Euromed pour Faire Face." Journal du Textile 11 Oct. 2004: 3. Agreement on Textiles and Clothing.” World Trade Organization Oct World Bank. World Bank Atlas 2000. Washington: Communication Development Incorporated, Gundy & Northedge Membership to Boost China's GDP Growth.” People's Daily Online Dec Oct . [...]

[...] Hong Kong et le Delta de la Rivière des Perles. Paris: Vuibert External Affairs Department of the World Bank. Says Mandelson to Seek ‘Mutually Acceptable' Deal in textile Talks in China”. World Bank Press Review 09 June 2005: 4. Gow, David. “French Dig in over China Clothes Row.” The Guardian 1 Sept. 2005: 16. Institut Français de la Mode. “Echanges Europe-Chine.” FashionMag.fr June Sept "Le Textile chinois, C'est Aussi Ça." L'Expansion June 2005: 14. Minvielle, Gildas. "Conjoncture textile-habillement France." Editorial. [...]