Financial Daily from THE HINDU group of publications
Tuesday, May 31, 2005

News
Features
Stocks
Port Info
Archives
Google

Group Sites

Industry & Economy - Textiles


`WTO insensitive to crisis engulfing textile industry'

G Gurumurthy

Coimbatore , May 30

THE textile and clothing industries worldwide are engulfed in a crisis under the impact of the liberalised trade but the WTO remains `insensitive' to this, the International Textiles, Garment and Leather Workers' Federation (ITGLWF) has charged.

The Brussels-based ITGLWF, which has been time and again highlighting on the potential job-losses the globalised textile trade regime under the WTO is to mete out to several textile industry-dependent economies in the world, has noted in a statement the current crisis is not just a trade issue but a major threat to the world economy.

"Today, the textile/clothing industry is in crisis with up to 30 million jobs under threat as the textile manufacturing relocates to China. Europe alone is losing one thousand jobs a day and 10 per cent of Cambodia's and Lesotho's clothing industry is lost since the trade liberalisation began from January 2005. Tunisia faces loss of 40 per cent of its industry and one multinational company's decision to quit Morocco for China would render 10,000 workers jobless there," said Mr Neil Kearney, General Secretary of ITGLWF, in his statement sent to Business Line.

"But even as the crisis rocks the textiles and clothing industries, the WTO sits on its hands, forcing the European Union and the US to take unilateral safeguard action. On this issue, the WTO has truly proved itself the most insensitive, unresponsive and most useless of the international institutions," Mr Kearney further added.

According to ITGLWF, 120 million workers directly or indirectly rely on the sector for their livelihood. Textiles/clothing is the bedrock of industrial employment in many countries. In many others, it is the engine of development.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page


Stories in this Section
Ready to burst


IOC chief for equitable sharing of burden of under-recoveries
MIDC plans to foray into gas distribution
GE to partner NTPC, BHEL for Dabhol project revival
Opposition protest against load-shedding in Mumbai
Kerala announces tax rates for amusement parks
`WTO insensitive to crisis engulfing textile industry'
Removal of excise duty for synthetic sector at appropriate time: Chidambaram
States asked to desist from levying sales tax on textiles meant for exports
Centre to focus on drinking water supply
FMCG goods turn dearer
Karnataka CET results on `R World'
Revamp engg education to suit IT: Karnik
RAI offers two-month course on retailing
Land prices fall flat near Smart City project area
Plea for changes in FDI guidelines in real estate
China swings aluminium market
Roundtable on media role in Hyderabad
WTO talks: Govt offers new areas for services
Not keen on opening up retail, legal sectors

AP Govt to put Rs 450 cr in `food for work' scheme
SAT gets two new members
ICAI finalises Guidance Note on fringe tax
Vegoil imports continuing despite losses, lower domestic prices
Revision of approval norm for service exports likely


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line