China move on textile exports gets cautious response
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The US and the European Union responded cautiously yesterday to China&#39;s surprise undertaking to impose duties on some textile exports, a step it said was designed to ensure a &quot;smooth
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The Bush administration yesterday agreed to consider new quotas on five categories of Chinese-made clothing, a step toward protecting domestic manufacturers from cheaper imports.
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Concern over Chinaâs use of surveillance technology  prompts new rules for U.S. exports.
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The European Union is bracing for the expiry of import quotas on Chinese textiles at the end of the year amid fears of a new wave of T-shirts and trousers bearing "Made in China" labels flooding in.
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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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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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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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Exports from China are shifting from basic goods like textiles, toys and shoes to higher-value industrial goods that compete more directly with products from advanced industrialized countries.
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The move could defuse a confrontation with the Bush administration, which is considering a limit on clothing imports because of fears that China's textile industry will swamp producers in the United States.
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Officials of the United States textile industry said that they would petition to block the expected flood of Chinese imports.
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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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A top U.S. commerce official said he told China to expect American textile makers to seek new limits on Chinese imports as soon as next week, as he also urged Beijing to do more to stop piracy and lower trade barriers.
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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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Bangladeshâs trouser exports suffered significantly while Chinaâs more than doubled after its 2001 accession to the WTO. Bangladesh imports about 80 percent of its main raw material - fabrics.
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China said it will tax some textile exports and curtail investment in its domestic industry after the US and European Union threatened restrictions on an expected flood of Chinese clothing when quotas expire Jan. 1.
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China defended the quality of its exports on Wednesday amid a spate of health scares over Chinese-made food and drugs, saying the problem was limited.
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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.