Sino-US textile industry cooperation promotes bilateral economic and trade development

The United States is not only an inseparable important trading partner of the Chinese textile industry, but also a core concern of the international layout of Chinese textile enterprises. As one of the important platforms for Sino-US textile industry trade docking, China Textile and Apparel Trade Exhibition will play a greater role in promoting the deeper and broader investment cooperation between China and the United States.

Eighteenth Chinese textile and apparel trade fair-cum-clothing fabric show in New York, New York International Apparel Sourcing Show and the New York International Textile Sourcing Show local time July 17 kicked off in the United States Javits Convention Center.

According to organizers, this exhibition sponsored by the China Textile Industry Association, China International Trade Promotion Council of Textile Industry Branch and Messe Frankfurt (USA) company to undertake, Chinese exhibitors embedded in the same period with the Museum organized national pavilions in the form of three In the large professional exhibitions, a series of industrial chain exhibitions will be formed. Nearly 1,000 exhibitors from China, the United States, Canada, Italy, South Korea, India, Pakistan, Bangladesh, Guatemala, Egypt, Turkey, China, Hong Kong and Taiwan, and other companies in Javits and New York Several exhibitions held in the exhibition center jointly formed this year's New York Textile Week, bringing together global high-quality industry resources and connecting global industrial chain resources.

Compared with the previous exhibitions, the scale of this exhibition has increased by 33% compared with the same period of last year. There are 650 exhibitors in China, and the proportion of consecutive exhibitors has increased year by year. 32 garment and home textile enterprises from Suzhou appeared in the exhibition in the form of “Suzhou Famous Products Tour Exhibition” to show overseas customers the quality products including clothing, home textiles and accessories.

In recent years, the sustainable development of the textile industry has always been a topic of concern in the industry. At the same time, the changes in demand for apparel consumers and designers are also the focus of attention. For the first time, this year's exhibition held the “New Industry Roundtable”, which interprets the industry's hotspots from the perspectives of sustainable development and independent designer growth.

China Textile Industry Association vice president Xu orientation, said this exhibition of national quality exhibitors have brought the best new product line with the trend and purchasing trends, and for the first time in the introduction of digital printing fabric exhibition pavilion. The flourishing situation of this New York exhibition fully demonstrated the recognition and trust of the international textile colleagues in the New York exhibition. Speaking of this textile exhibition, Xu Yingxin pointed out that the United States is not only an inseparable important trading partner of the Chinese textile industry, but also a core concern country for the international layout of Chinese textile enterprises. As one of the important platforms for Sino-US textile industry trade docking, China Textile and Apparel Trade Exhibition will play a greater role in promoting the deeper and broader investment cooperation between China and the United States.

Zhang Qiyue, Consul General of China in New York, said that the China Textile and Apparel Trade Fair not only witnessed the leap-forward development of Sino-US textile and apparel trade, but also witnessed the rapid development of bilateral economic and trade relations between China and the United States. Sino-US economic and trade cooperation not only brings tangible benefits to the two peoples, but also highlights the essence of mutual benefit and win-win, and also made important contributions to the promotion of world economic development.

Messe Frankfurt's director, Detlev Braun, said that the New York exhibition has achieved encouraging results so far. For example, the number of exhibitors at the TEXWORLD apparel fabric show in New York increased by 18% compared to 2016, and exhibitors at the New York International Apparel Sourcing Fair and the New York International Home Textiles Sourcing Fair increased by 29% and 32% respectively. He said that if there is no such partner as China, it will not achieve such a result.

According to the US Department of Commerce trade data recently released by the US textile and apparel imports in April to $ 7.727 billion, an increase of 0.59% year on year. Imports of textiles and garments from China were 2.623 billion U.S. dollars, up 6.59% year-on-year, and 36.54% quarter-on-quarter, accounting for 33.95% of the total US imports. It can be seen that Chinese textile and garment enterprises are welcoming the US trade. In mid-June, the Fed FOMC meeting announced interest rate decision and policy statement, the Fed funds rate hike by 25 basis points, which is also important for export-oriented enterprises good.