CCA: additional import quota to release and national reserve-out plan ready
Source:China Cotton Association          Date: 25/June/2010
According to CCA\'s learning, in order to meet the needs of textile enterprises, stability cotton market, approved by the State Council, relevant departments will soon issue some additional import quotas under the sliding tax duty, thus, the total issued quotas this season have reached 3.6 million tons. Meanwhile, the 600,000 tons reserve-out plan has been approved, and the trading rules have been completed, if the market needs, it will start as soon as possible.
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