Chinese offer to limit exports, to trust or not to trust
 Brian Buckingham, MD of House of Monatic, a subsidiary of Brimstone Investment, has expressed skepticism at China’s offer to voluntarily restrict growth of textileintelligence.com/news/index.php?ns=clothing" target="_blank" title="Click to see all the articles,category wise,
having the word 'Clothing'
in the Headlines or Body.">clothing and textile exports to SA. He said the offer would provide little relief to SA’s textileintelligence.com/news/index.php?ns=clothing" target="_blank" title="Click to see all the articles,category wise,
having the word 'Clothing'
in the Headlines or Body.">clothing...more
by Textile Intelligence
Friday, 27th January 2006View more news from [ Cape Town ] [ South Africa ]Brian Buckingham, MD of House of Monatic, a subsidiary of Brimstone Investment, has expressed skepticism at China’s offer to voluntarily restrict growth of textileintelligence.com/news/index.php?ns=clothing" target="_blank" title="Click to see all the articles,category wise,
having the word 'Clothing'
in the Headlines or Body.">clothing and textile exports to SA. He said the offer would provide little relief to SA’s textileintelligence.com/news/index.php?ns=clothing" target="_blank" title="Click to see all the articles,category wise,
having the word 'Clothing'
in the Headlines or Body.">clothing and textile sector if it was modeled on settlements that had been reached between China and the European Union and US. The recent trend of retrenchments and closures of established factories such as the Rex Trueform facility in Salt River, have been blamed on the deluge of cheap Chinese products as well as the strength of the rand. However, he added, promised government export incentives would help to offset higher local input costs.
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| Buckingham also said he was optimistic that the customized sector programme in the process of being finalised with the trade and industry department would benefit companies such as Monatic and Trueform by increasing production of value-added products. In the meantime, House of Monatic announced yesterday that it had rehired 175 of the 970 workers who were retrenched by Rex Trueform last year after reopening the factory in terms of a five-year lease agreement on the plant and premises. Monatic chairman Fred Robertson said the goal was to have 250 floor staff by the end of the first quarter. South African textileintelligence.com/news/index.php?ns=clothing" target="_blank" title="Click to see all the articles,category wise,
having the word 'Clothing'
in the Headlines or Body.">clothing & textile Workers’ Union general secretary Ebrahim Patel said China’s concession should not stop government from seeking “trade relief” at the WTO. 
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