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China-US textile talks make progress
By Jiang Wei (China Daily)
Updated: 2005-08-19 06:00
He explained that now is the time for US importers to place orders for the
winter. Chinese suppliers ink major deals with US firms at the autumn Chinese
Export Commodities Fair in Guangzhou, South China's Guangdong Province, on
orders for the first half of next year.
US and Chinese textile dealers suffered losses this spring when they lost a
number of deals after the US Government announced safeguard measures just before
the April fair.
An early resolution to the dispute will also help the two countries manage
the implementation of the agreement, Cao added.
"We hope the categories included in the agreement are reasonable; that (low)
growth in the first several months this year is taken into account and agreement
on a satisfactory growth rate is reached," he added.
The United States started imposing curbs on Chinese textile products that
limit growth to 7.5 per cent annually after the abolition of the decade-long
global quota regime on textile trade at the beginning of this year.
About 20 categories of Chinese textile products are under US safeguard curbs
or investigations.
US textile producers want to retain the restrictions and add more categories
to the list while importers and retailers want the curbs to be lifted and the
annual growth ceiling set at around 20 per cent.
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