China : China to constraint textile exports
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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 Bush administration is being temporarily barred from imposing new limits on imported clothing and textile products flowing into the United States from China.
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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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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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Beijing - China urged Europe yesterday to refrain from &quot;putting up barriers&quot; in a new set of EU trade priorities that would hit Chinese textiles.
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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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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.
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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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China expects its trade surplus to be around $10 billion in 2004, and sees friction over textile exports topping the list of trade troubles next year, a senior Commerce Ministry official said.
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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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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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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&#39;s promise to impose new taxes on some textile exports will do little to sway the administration as it debates whether to limit the expected flood of Chinese
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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 US textile industry officials would plead for blocking Chinese imports to the Bush administration this month. Earlier this year, the White House had rejected a similar request made by 130 Republican and Democratic members of Congress.
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Chinese textile manufacturers saidThursday they are &quot;highly concerned&quot; by a petition posted by United States textile industry to limit Chinese textile products in the US market.
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BEIJING (Dow Jones)--China&#39;s likely emergence as the world&#39;s textile and garment superpower after 30 years of global quotas end Dec. 31 has spooked rival producers across