外文翻译---美国纺织品和服装产业的贸易自由化和战略调整模式-国际贸易(编辑修改稿)

外文翻译---美国纺织品和服装产业的贸易自由化和战略调整模式-国际贸易(编辑修改稿)内容摘要：

imination is expected to accrue to China. Its low labor cost, high productivity, range and flexibility of services as well as efficient supplier works will make China the supplier of choice. About 87% of apparel executives that participated in a cotton sourcing summit in Miami in February 2020, agreed that China will soon account for 50–90% of all apparel sold in the US market (National Labor Committee, 2020). This means rationalization of production and a massive consolidation of vendors. Other winners are likely to include India and Pakistan in narrow segments of the TC industry. The elimination of quotas is also likely to lead to lower prices for consumers in view of the absence of quota costs which is often a significant part of the cost of TC sold in the US market. Wellknown brands may still hold market value since they are not subject to retail price deflation. It is important for TC firms to evaluate their internal capabilities such as sourcing, manufacturing, logistics, transportation etc. in order to develop an action plan for the postquota world. Exporters from Latin America, Africa and the Caribbean are likely to lose market share to China since they largely pete on price (not quality) and lack the capability to produce high value added products. Even with the introduction of safeguards on a range of products that are of export interest to these countries, their US market share has declined since the phase out of quotas. With the plete removal of quotas in 2020, it is difficult for these countries to pete on price. Since the US government lifted quotas in 2020 on 29 categories, for example, China’s market share (in these categories) jumped from just 9% (2020) to 65% (2020) while prices paid by US retailers (for apparel from China) dropped by 48% (National Labor Committee, 2020). In cotton dressing gowns (quotas removed) China’s share in 2020 jumped from 25% to 39% while that of Caribbean countries fell from 13% to a mere 3%. In the first 12 months after the phase out of quotas, China’s market share in apparel rose by 59% in value while that of many Central and South American countries showed a sharp decline. What are the implications for TC firms in countries that are vulnerable to petition from China? First, they should capitalize on their proximity to the US market. Their ability to offer lower transport cost, lower lead times as well as duty free entry to the US market may attract the fashionoriented segment of the US industry. This will depend on access to good local transport infrastructure to get goods to market as well as advanced telemunications systems to link suppliers and customers. Local firms and governments need to collaborate in creating a climate which is conducive to business and to develop infrastructure to attract and re。