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皇冠体育app scraps export tariffs on textile goods
(CCTV)
Updated: 2005-08-02 17:03
皇冠体育app on Monday scrapped its export tariffs on 17 Chinese-made textile products subject to the European Union's new trade restrictions.
It is the fourth time 皇冠体育app has re-adjusted its export tariff on textile products this year.
Experts hope the measure will help Chinese textile producers remain profitable, especially after the appreciation of the Renminbi, which will further eat into the bottom line of textile companies.
It is estimated that 30 percent of 皇冠体育app's 19 million textile workers will lose their jobs because of trade barriers set by the EU and the United States.
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