Textile Trade Research Of China After Its Entry Into WTO

Textile industry has a long history, occupy a important position in economy and act a vote role in the field of international trade. Textile industry also has a leading ship in the modernization and industry of a country or zone. Under the frame of MFA, international trade in textile had departed from the basic principle of GATT. Those developed countries made out a limit of number (quota) to prevent import textile from those developing countries. Now new agreement replaces MFA, which is called ATC (agreement on textiles and clothes), help to develop the free trade all over the world. As the biggest textile export and produce country - China, textile trade act a vote role in its economy after its entry into WTO, that will help to extend export, accumulate funds and set up a quality market system, which will accord to the international market. As one of WTO members, China have agreed to reduce the tariff, tax And import limits.China have a comparative superiority in its textile trade, basic on human resource and material resource. China have a large population, which is not be compared by any other country. It is well known that China will be the world factory in textile in the next thirty years. For the developing of China's textile trade and textile industry, we should analyze the factors which will affect its textile export. No doubt that China have a strength enough to accept the challenges and finally smooth those difficulties in a short time. We believe that China have a good future in textile trade .