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The Ministry of Trade announced the first stage of garment and textile quota allocation to the US for 2005 on Friday. This quota allocation is based on data compiled by the ministry’s regional export and import management departments and exporters’ records from the first seven months of this year.
The quota firms will receive is equal to 80 per cent of their real export record in the first seven months for nine categories of goods: cotton jackets, cotton and synthetic fibre shirts and trousers, and swimsuits. They get 100 per cent record equivalents for the other 16 categories.
Those who borrowed a certain amount of quota space from other firms this year have this deducted out of their quotas for next year. Firms that have low export records of less than 100kg of products will be considered in the next stage of allocation which is expected to be made by the end of January 2005.
Firms whose production capability has not yet been appraised will not be counted in the list of quota recipients in this first stage.
For the first time, the trade ministry requires garment firms to send their applications for quotas though the post, rather than directly contacting the ministry.
These applications then will be posted on the ministry’s website.
This change was made following a scandal of some officials from the ministry for quota-related corruption.
VNS - (18/10/2004)
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