Hi group,
As you know there is a textile war between USA, Europe and China. China
has great power. They can invade the world, and as you know they
started doing it with US. US goverment started to complain about unfair
competing. (althoug they are right, statistics show that)
On the other hand in Europe Turkey seems to have great power, but dont
know how to use it. Before two years to removel of quotas, ITKIB,
Turkey's important textile organization published Istanbul decleration
to postpone it. Of course it refused. Afer the quota removal, they put
another quota to China. Now ITKIB published Textile Manifesto, guess
whats happening.
Europe dont want to get messed with China. Europe always wanted to be
good with China, maybe this is their chance. EURATEX, Europe's impotant
textile organisation clarified that there will be no block for China in
Europe for trading.
China has low wages, energey costs. Their only power is foreign
investment. There are alotof thing to say about China but this pages
wont fit it.
Ques: What do you think about this war? What would happen after ten
years?