Argentina “blocks” Chinese shoes

the historical high price of cotton makes more and more service enterprises begin to “hoard” this important basic raw material to ensure the safety of the industrial chain

recently, Youngor Group took the lead in the layout of cotton raw material supply market. Shengzhou Shengtai yarn dyed Technology Co., Ltd., a subsidiary of Youngor Group, signed a cotton textile investment project with a total price of 1 billion yuan with Awati County, Aksu Prefecture, Xinjiang, the hometown of long staple cotton in China. 1t has become the largest single cotton textile project signed in the history of Awati county

according to the project plan, Youngor will build a new 300000 spindle compact spinning and 150000 spindle double twist project in Aksu textile industrial city, with an investment of 1 billion yuan and a construction period of 3-5 years. After the completion of the project, Youngor will be able to provide 450000 spindle cotton spinning production capacity every year, thus laying a solid foundation for Youngor’s future raw material supply< 1t is understood that Awati county is the hometown of long staple cotton in China and a famous high-quality cotton production base in China. The annual output of long staple cotton accounts for one third of the total output of long staple cotton in China, and it is an important raw material base for high-grade cotton textiles in China. Therefore, Youngor's preemptive "occupation" of this important raw material base is believed to be conducive to its stable supply of high-quality raw materials, reduce the impact of the large fluctuation of cotton price on it, and finally gain a competitive advantage in the current high cotton price(Following the final anti-dumping measures taken by Argentina against China's domestic footwear products in March this year, Argentina began to investigate the origin of footwear products imported from Malaysia due to the suspicion that China's footwear products were re exported to Argentina through Malaysia the Fair Trade Bureau of the Ministry of Commerce announced the latest information in mid August. According to the Ministry of Commerce, Argentina issued a decree on August 13 to investigate the origin of shoes imported from Malaysia. The decree points out that since Argentina implemented anti-dumping measures on shoes originated in China in March 2010, the number of shoes imported from China has decreased significantly, but the number of shoes imported from Malaysia has increased sharply. Argentina did not import such products from Malaysia in 2007 and 2008. Therefore, according to the relevant domestic regulations of Argentina, Argentina began to investigate the origin of shoes imported from Malaysia to verify the authenticity and validity of its certificate of origin it is understood that in March this year, Argentina began to take anti-dumping measures against China’s footwear products. According to the regulations at that time, Argentina set a minimum reference price for all footwear products imported from China, except orthopedic shoes, skates and ski shoes. The minimum FOB price of each pair of shoes was US $13.38, Anti dumping duties will be imposed on shoes imported from China below this standard this greatly reduces the possibility of Chinese shoes exporting to Argentina market. At the same time, it also further “deepens” Argentina’s trade protectionism measures against China< According to the report released by GTA, China is the country most seriously affected by Argentina's trade protection measures. According to GTA statistics, since the G20 summit in Pittsburgh in September 2009, Argentina has implemented 75 trade protection measures, 33 of which are directly directed at China. Therefore, China has become an "important battlefield" for Argentina's trade protection Author: Wu Nian

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