TY - JOUR
T1 - The impact of China's WTO accession on Hong Kong textiles, clothing and its supporting industries
AU - Zhao, Simon X.B.
AU - WONG, Kenneth K K
N1 - Copyright:
Copyright 2008 Elsevier B.V., All rights reserved.
PY - 2003/3
Y1 - 2003/3
N2 - China's accession to the WTO and the 'Agreement on Textiles and Clothing' (ATC) which gradually ban the use of quota, will have profound impacts on the textile industry in China. This article attempts to examine such impacts on all textile firms of Hong Kong origin. It briefly examines the impact of WTO on the textile industries in general, the participation of Hong Kong based firms in China's textiles industry, and the competitors from foreign countries. It examines in detail the practice of obtaining Hong Kong quota for textile products that are made in the Mainland by Hong Kong firms. The article argues that there are positive and negative effects of China's WTO accession for all textile firms of Hong Kong origin. It concludes that the shifting of the targeted market to high-end, high-value-added is the only way of survival for the textile firms of Hong Kong.
AB - China's accession to the WTO and the 'Agreement on Textiles and Clothing' (ATC) which gradually ban the use of quota, will have profound impacts on the textile industry in China. This article attempts to examine such impacts on all textile firms of Hong Kong origin. It briefly examines the impact of WTO on the textile industries in general, the participation of Hong Kong based firms in China's textiles industry, and the competitors from foreign countries. It examines in detail the practice of obtaining Hong Kong quota for textile products that are made in the Mainland by Hong Kong firms. The article argues that there are positive and negative effects of China's WTO accession for all textile firms of Hong Kong origin. It concludes that the shifting of the targeted market to high-end, high-value-added is the only way of survival for the textile firms of Hong Kong.
UR - http://www.scopus.com/inward/record.url?scp=0141890837&partnerID=8YFLogxK
U2 - 10.1080/13602380312331288630
DO - 10.1080/13602380312331288630
M3 - Article
AN - SCOPUS:0141890837
SN - 1360-2381
VL - 9
SP - 61
EP - 84
JO - Asia Pacific Business Review
JF - Asia Pacific Business Review
IS - 3
ER -