Arab Today, arab today chinese exporters calmly observe american flag ban
Last Updated : GMT 16:05:24
Arab Today, arab today
Arab Today, arab today

Chinese exporters calmly observe American flag ban

Arab Today, arab today

Arab Today, arab today Chinese exporters calmly observe American flag ban

Beijing - XINHUA

China, the largest supplier of American flags, is unlikely to suffer heavy losses from a new ban on made-in-China flags in U.S. military installations, Chinese manufacturers and industry observers have said. "We have been actively expanding the domestic market for our products," said Huang Baolian, manager of a craftwork company in Yiwu, the eastern Chinese city famous for its commodities market. "Besides, we also produce flags for a lot more countries." Statistics accessed from the United States Census Bureau website show that in 2012 the value of U.S. imports of American flags stood at 3.8 million U.S. dollars, the vast majority of which, or 3.6 million, was for flags made in China. However, under the requirements introduced in late February, only the Defense Department is restricted to purchasing American flags made entirely in the United States, while federal agencies will continue to fly made-in-China ones. The new law is regarded as a supplement to the 1941 Berry Amendment that bans U.S. bases from buying food, clothing, military uniforms, fabrics, stainless steel and tools that are not produced in the United States. The demand for U.S. flags spiked in 2001 after the Sept. 11 terrorist attacks in New York but U.S. manufacturers could not keep up. The value of national flag imports was only 747,800 U.S. dollars in 2000, but the figure jumped to a shocking 51.7 million in 2001, with China contributing 29.7 million dollars' worth of flags. Chinese exporters, with their cheap labor and material costs, seized the opportunity, increasing production of American flags and successfully tapping into the American market. However, faced with surging costs and the changing foreign trade environment, companies in Yiwu City are actively developing newproducts and soliciting customers in fresh markets. "In Yiwu, there are almost no companies that only focus on producing national flags," said Huang, whose factory also makes various stationeries. Chu Yin, a professor at the University of International Relations, labeled the U.S. ban "a typical public relations maneuver" and "symbolic patriotic marketing" that will have little practical effect on international trade. "Flag purchase accounts for only a small part of the overall military procurement," Chu said. But the academic and other experts agree that Chinese exporters are facing challenges in an increasingly complicated and globalized world. Jin Canrong, vice president of the School of International Studies of the Renmin University of China, suggested Chinese companies should always be prepared in case of abrupt policy adjustments in other countries. "Measures like increasing direct investment, promoting cooperation between state-owned and private companies, organizing a legal team specializing in international trade and speeding up the construction of free trade zones can help to soothe the pain of unexpected external changes," Jin said.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today chinese exporters calmly observe american flag ban Arab Today, arab today chinese exporters calmly observe american flag ban

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Haifa Wahby bets on her new drama show

GMT 06:04 2017 Thursday ,23 March

Haifa Wahby bets on her new drama show
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 07:03 2017 Wednesday ,22 March

Merna Waleed praises her work with Soad Hosni

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 22:19 2017 Friday ,24 March

Reveals reasons of hepatitis in Algeria

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday