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by Barry Wood

Online Stock Market Trading Two American scholars who have been examining the textile trade predict only minimal immediate change when the system of global quotas for textiles and apparel expires.

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Stock Investing Game Dec 17, 2004 (AXcess News) Washington - Two American scholars who have been examining the textile trade predict only minimal immediate change when the system of global quotas for textiles and apparel expires at the end of this year.

The jump soundly beat Wall Street estimates. Analysts polled by Thomson Financial had expected an increase of 7.9 percent. Total sales for the month ended April 29 totaled $207.8 million, up 30 percent from $159.4 million in April 2005. For the year through the end of April, store sales were up 6 percent from last year, while net sales increased 20 percent to $657.3 million from $546. ago period.

Journal Prime Rate Street Wall The two researchers from Harvard University say there is little evidence to support the view that China and India will quickly dominate the global clothing trade. In a study that was financed by an independent foundation, the scholars conclude that the U.S. textile and apparel industry is not about to die, even though it is likely to shrink.

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Stock Market News American manufacturers and exporters in several small countries complain they cannot compete against low-cost producers in India and China.

Stock Investing Basics One of the report's authors, Fred Abernathy, says U.S. and Caribbean Basin Initiative textile producers will survive both because they are in or close to the giant U.S. textile market and are able to quickly adapt to changes in consumer preferences. "Will India and China have a bigger role than they have now? Yes. Will there still be a textile and apparel industry in Mexico and the CBI? We would say yes. Will it be diminished? Yes, a little bit," he says.

Stock Investing Software Mr. Abernathy does say that developing countries that have production costs higher than China and India and are not located near European or American markets will face the full burden of adjustment. Included in that category, says Mr. Abernathy, are Cambodia and Advertisementmost African textile exporters. "Those countries, I think, are going to have a tough time competing. Look, quotas had a good side. Not that it was ever intended. It allowed under-developed countries to have an industry they otherwise would not have had. And so they started," he says.

Stock Market Trading Under World Trade Organization rules, on January first all WTO members must abolish the web of quotas that has governed the textile trade for 40 years.

Stock Investing For Dummy Under the new rules, import tariffs are not being outlawed, but countries will no longer be allowed to set specific limits on textile products coming from other countries.

Stock Market Crash This week, China, in an effort to ease relations with poor country competitors as well as with the European Union and the United States, said it would impose new export levies to slow its exports, and prevent disruptions to global markets.

Stock Investing Tip Source: Voice of America

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