The United States is not only an important and inseparable trading partner for China's textile industry, but also a core focus country for the international layout of Chinese textile enterprises. As one of the important platforms for trade docking between the Chinese and American textile industries, the China Textile and Apparel Trade Fair will play a greater role in promoting deeper and broader investment cooperation between the two countries' textile industries.

The 18th China Textile and Apparel Trade Fair, along with the New York Apparel Fabric Show, New York International Apparel Sourcing Show, and New York International Home Textile Sourcing Show, opened on July 17 at the Javits Convention Center in New York City.

According to the organizers, this exhibition is hosted by the China National Textile and Apparel Council, co-organized by the China Council for the Promotion of International Trade Textile Industry Branch and Messe Frankfurt (USA) Inc. Chinese exhibitors participate as national pavilions embedded in three concurrent professional exhibitions held in the same venue, forming a series of industry chain exhibitions. Nearly a thousand exhibitors from China, the United States, Canada, Italy, South Korea, India, Pakistan, Bangladesh, Guatemala, Egypt, Turkey, and Hong Kong and Taiwan regions participated, forming this year's New York Textile Week together with several other exhibitions held concurrently at the Javits Center and other exhibition centers in New York, bringing together high-quality industry resources globally and connecting global industry chain resources.

Compared with previous exhibitions, the scale of this exhibition has expanded by 33% year-on-year, with a total of 650 Chinese exhibiting companies, and the proportion of continuously participating companies is increasing year by year. Thirty-two apparel and home textile companies from Suzhou showcased their products in the form of a "Suzhou Famous Brand Tour Exhibition," presenting high-quality products covering apparel, home textiles, and accessories to overseas buyers.

In recent years, the sustainable development of the textile industry has been a topic of concern within the industry, and changes in the procurement needs of clothing consumers and designers are also a key focus. This exhibition held the "New Industry Roundtable" for the first time, interpreting industry hot topics from the perspectives of sustainable development and the growth of independent designers.

Xu Yingxin, Vice President of the China National Textile and Apparel Council, said that high-quality exhibitors from various countries brought the latest products that meet current trends and procurement trends to this exhibition, and a digital printing exhibition area was introduced to the fabric exhibition area for the first time. The booming momentum of this New York exhibition fully demonstrates the recognition and trust of international textile colleagues in the New York exhibition. Speaking of this textile exhibition, Xu Yingxin pointed out that the United States is not only an important and inseparable trading partner for China's textile industry, but also a core focus country for the international layout of Chinese textile enterprises. As one of the important platforms for trade docking between the Chinese and American textile industries, the China Textile and Apparel Trade Fair will play a greater role in promoting deeper and broader investment cooperation between the two countries' textile industries.

Zhang Qiyue, Consul General of China in New York, said that the China Textile and Apparel Trade Fair has not only witnessed the leapfrog development of textile and apparel trade between China and the United States, but also witnessed the significant development of bilateral economic and trade relations between China and the United States. China-US economic and trade cooperation has not only brought tangible benefits to the people of both countries, highlighting the essence of mutual benefit and win-win results, but has also made important contributions to promoting world economic development.

Detlef Braun, director of Messe Frankfurt, said that the New York exhibition has achieved impressive results since its inception. For example, the number of exhibitors at the New York TEXWORLD apparel fabric exhibition has increased by 18% compared with 2016, and the number of exhibitors participating in the New York International Apparel Sourcing Show and the New York International Home Textile Sourcing Show has increased by 29% and 32% respectively. He said that without partners like China, such achievements would not have been possible.

According to trade data recently released by the US Department of Commerce, the United States imported US$7.727 billion worth of textile and apparel products in April, an increase of 0.59% year-on-year. Textile and apparel imports from China totaled US$2.623 billion, up 6.59% year-on-year and 36.54% month-on-month, accounting for 33.95% of the total US imports. This shows that China's textile and apparel companies are experiencing favorable trade conditions with the US. In mid-June, the Federal Open Market Committee (FOMC) meeting announced the interest rate decision and policy statement, raising the federal funds rate by 25 basis points, which is also good news for export-oriented enterprises.