China to impose textile-export tax
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The prospect that Chinese exports will soon overwhelm the worldwide clothing market was thrown into doubt yesterday after Beijing announced it will tax its shipments of textiles and apparel once the global market is liberalized Jan. 1.
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Local garment exporters, who are bracing themselves for an uphill battle with the Chinese apparel in post-quota era, yesterday welcomed China&#39;s decision to impose duties on its certain textile exports.
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China was &quot;shocked by, and strongly opposes&quot; the Turkish restriction on imports of 42 kinds of Chinese textile products, said Chong Quan, spokesman of the Ministry of Commerce here on Sunday.
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China has agreed to place duties on certain textiles to placate fears that it will flood the world with low-cost products when textile quotas officially fall in three weeks, in response to pressure from the US and Europe.
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China's promise to impose taxes on some textile exports will do little to sway the administration on whether to limit the expected flood of Chinese goods next year.
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U.S. imports of socks from China will be strictly limited next year, the Bush administration announced yesterday -- a decision that could herald similar action against other types of Chinese-made clothing that have the potential to dominate world markets.
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The Commerce Ministry in China announced Sunday night that it would impose tariffs on some textile exports, a step that could avert a trade war with the United
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China&#39;s tax on its textile exports is a backward step last week&#39;s twist in textiles is depressing proof, if any were needed, of how hard it is to straighten out world trade.
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The Bush administration has said that it will consider US manufacturers&#39; petitions to control imports of Chinese textiles. Trade experts have said the US government increased
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China on Tuesday lashed out a US decision to limit imports of socks made in China, saying China will &quot;retain the right to take further actions&quot; within the World Trade Organization
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Beijing has ordered provincial governments to begin a promised nationwide crackdown on forced labor in China, sparked by outrage over reports hundreds of farmers and children were enslaved in rural brick kilns.
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South Africa and China has signed a key pact to cushion the impact of Chinese textile imports here as Chinese Premier Wen Jiabao began the highest level Chinese visit to the country in 50 years.
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WASHINGTON, DEC 13: The United States said on Monday it would continue to restrict imports of some textile and clothing products after a decades-old quota system expires in a few weeks, while China, under pressure from Washington, said it would slap a tax
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The US and the EU have responded cautiously to Chinaâs announcement that it would impose export duties on some textile products to ensure a âsmooth transitionâ on the
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NEW YORK, December 31  - A US judge has temporarily barred the countryâs commerce department from imposing curbs on the import of textiles and clothing from China.
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The US textile industry said yesterday that it is formally asking the Bush administration to cap China&#39;s shipments of trousers, shirts, sheets and other textile items to the United States, warning
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China will impose tariffs on some textile exports in a move that may ease frictions with the United States and others over an expected flood of Chinese products on world markets after a global quota system expires at year's end.