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Satisfactory and improved performance of textile exports after quota abolition

机译：取消配额后纺织品出口表现令人满意且有所改善

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The 51st annual general meeting of the Cotton Textiles Export Promotion Council was held in Mumbai on September 30, 2005, with Mr Shankersinh Vaghela, Union Textile Minister, as the chief guest. Mr. B.K. Patodia, Chairman of the Cotton Textiles Export Promotion Council, dwelt on the strong macro-economic fundamentals of the Indian economy with the real gross domestic product estimated to have grown by 6.9 per cent in 2004-05. He noted that in spite of spiraling international prices of oil, the performance of the economy was driven by improvements in the industrial and service sectors, buoyancy in exports, growing investor confidence, rising foreign exchange reserves and controlled inflation. He observed that undoubtedly the most significant development concerning international trade in textiles and clothing was the elimination of quotas from January 1, 2005, ending four decades of quantitative restrictions. As had been forecast by analysts, China and India had shown positive growth in their export performance after the removal of quotas.
机译：2005年9月30日，第51届棉纺织品出口促进理事会年度大会在孟买举行，联合纺织部长Shankersinh Vaghela先生作为主要客人。 B.K.先生棉纺织品出口促进委员会主席帕托迪亚（Patodia）着眼于印度经济强大的宏观经济基础，估计2004-05年度的实际国内生产总值增长了6.9％。他指出，尽管国际石油价格呈螺旋式上升，但工业和服务业的改善，出口的活跃，投资者信心的增长，外汇储备的增加和通货膨胀的控制推动了经济表现。他指出，与纺织品和服装国际贸易有关的最重大发展无疑是自2005年1月1日起取消配额，结束了长达40年的数量限制。正如分析师所预测的那样，在取消配额后，中国和印度的出口表现出正增长。

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