China Cotton Association: Cotton Imports Account For 1/3 Of Domestic Consumption.
China
Gao Fang, executive vice president of the cotton association, said cotton imports will account for 1/3 of China's cotton consumption in the future.
Gao Fang said that in order to guarantee the future development of China's textile industry, China's cotton consumption will guarantee 2/3 self-sufficiency rate.
The rest of the gap will become the norm in the future by making up for imports.
As for the recently announced cotton import quotas (not exceeding 900 thousand tons per year) except for 1% tariffs, no other cotton import quotas will be allocated in principle.
policy
。
Gao Fang said, in principle, it does not exclude the possibility of future distribution of import quotas.
Yang Shibin, assistant president of China Textile Industry Federation, said
at present
No information on the adjustment of import quota policy has been obtained.
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