China to impose tariffs on some textile exports
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Bangladeshi garment exporters are poised to breathe a sigh of relief as China has decided to impose tariffs on some of its textile export items in preparation of the upcoming global textile quota phase-out.
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On Friday, just days before the presidential election, the Bush administration agreed to consider a petition from a coalition of embattled textile manufacturers that would limit some imports from China.
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The European Union called on China at a summit to rein in its textile exports after international quotas are scrapped next year.
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The move is expected to dampen prospects for companies that have focused on taking advantage of the Chinese market.
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China on Friday protested against US actions to impose quotas on textiles, saying the move violated World Trade Organization principles and would harm bilateral trade.
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US import limits on cotton trousers made in China would violate free trade principles, Chinese textile exporters told state media Monday.
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BEIJING, Sept.12 -- A senior United States trade official strongly suggested that the Bush administration will move in coming weeks to limit imports of Chinese clothing, opening a new front in a simmering trade conflict with the world's most populous country in the final weeks of the presidential campaign.
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China is to face greater competition from foreign banks as a WTO deadline to open its markets looms.
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The United States, the European   Union and Canada are expected to ask the World Trade   Organization on Friday to decide whether China is restricting   imports of foreign auto parts in violation of international   rules, U.S. and EU officials said on Thursday.
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Beijing, Oct. 31. (PTI): China has asked the US not to &quot;sabotage&quot; booming bilateral trade ties by limiting imports of cotton trousers made by manufacturers of the Communist nation.
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WASHINGTON Leaders of the US textile industry plan to petition the US government this month to block the flood of Chinese imports that is expected next year after global quotas on textiles and apparel are lifted.
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China will consider adopting measures  to protect its interests and those of its trading partners once  global textile quotas are scrapped at the end of this month, a  government spokesman said on Friday.
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The step could avert a trade war with the U.S. and the European Union over a new influx of low-cost Chinese garments.
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Chinese textile exporters have lashed out at the latest attempts by the US to restrict imports of textile and garment products. The Committee for the Implementation of Textile Agreements, an interagency group
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GENEVA : China called on the World Bank and the International Monetary Fund (IMF) to help small textile and clothing exporting countries that are threatened by the end of import quotas at the end of the year.
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In an action likely to increase trade tensions with China, the Bush administration reaffirmed its policy of imposing duties on certain imports, paving the way for possible tariff increases.
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BRUSSELS: Chinese clothing and textiles will lose their low-tariff support from the European Union under a reform of the blocâs preferential tariff scheme which aims to ensure that the worldâs poorest nations benefit most.