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In
his Welcome Address, Mr. Hiren Shah, Chairman,
CITI, welcomed the Minister of Textiles, speakers
and delegates. He discussed the recent developments
in international trade after the abolition of
quotas. He cautioned against safeguard actions
and other anti import measures as all Asian countries
emerge as major players in international markets.
Different countries in this region are strong
in different segments of the industry, offering
sufficient room for cooperation and coordination
among Asian countries. However, more than 60%
of the consumption of textile products is in the
western markets. Therefore, the main stake of
this industry of Asia will continue to be North
America and West Europe. This makes it more important
for Asian countries to evolve common strategies
for the growth of their industry and increasing
their export to western markets.
In
his Keynote Address, Mr. Xu Wenying, Director,
China National Textile & Apparel Council (CNTAC),
discussed the new opportunities for the developing
countries in T&C industries in post quota
times. He elaborated on the factors for the rapid
growth in Chinese textile and apparel
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