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The Dramatic Turnaround Of Britain's Brexit Leaves Europe. China And EU Textile Trade Future Will Depends On These Six Countries.

Oct 28, 2019

On October 22 local time, the British Parliament passed the brexit agreement reached by Prime Minister Johnson and the European Union, and then rejected the brexit on October 31. The situation of brexit has become unclear again, and even the textile industry sighs.

Recently, the in-depth interpretation report on bilateral trade between China and major European countries in 2019 released by the prospective industry research institute shows that in 2018, the amount of European foreign trade was 14.27 trillion US dollars, an increase of 9.4% year-on-year, accounting for 36.6% of the total global foreign trade. Germany, France and the United Kingdom import a large volume of textiles from the world, with the import volume of more than 30 billion US dollars in 2018.

In fact, Europe has always been an important traditional market for China's textile exports. Under the premise of uncertain trade prospects between China and the United States, many textile enterprises attach more importance to the European market. And some economists say that the continuous uncertainty of brexit may inhibit the economic growth of the UK and even Europe as a whole.

What is the economic situation in Europe in the future? Will the "cheese" of China's textile and clothing market in Europe be affected? We will find out the current situation and trend analysis of the European countries (6 in total: Britain, Italy, Spain, the Netherlands, Belgium, Russia) that import textiles and raw materials from China accounting for more than 15% of the world's imports, which will help us to see clearly the trade prospects of Chinese textiles in Europe.

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