Textiles quota: US industry worried
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The US textile industry is deeply worried by competitors from India and China as the end of the quota system on December 30 approaches, a media report has said.
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The World Trade Organization imposed penalties Friday on U.S. exports ranging from apples to textiles, escalating a trade dispute the Bush administration has struggled to defuse by unsuccessfully urging Congress to repeal legislation aimed at protecting American steelmakers.
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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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A senior American trade official said here today that the United States would limit apparel imports from China if American manufacturers provided evidence that such limits were needed.
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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
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Eighteen days before the end of a 30 year-old system restricting international trade in textiles and apparel, the Bush administration is imposing new barriers on imported clothing.
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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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Garment makers in poor countries have been dismayed over the upcoming abolition of trade quotas, but the outlook is not as bleak as many experts had thought.
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ANKARA: Turkey has decided to impose textile quotas to protect its large domestic industry against an onslaught of cheap Chinese textile and apparel imports.
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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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A group of developing countries Friday proposed that the World Trade Organization study the global impact of phasing out a textiles and clothing quota system, saying many countries are losing out because of this trade liberalization.
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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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An association of US textile importers and retailers says it has filed a lawsuit to stop the US Commerce Department from considering import quotas on Chinese products sought by textile manufacturers.
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BEIJING  - China has urged the US government not to limit imports of Chinese cotton trousers, warning such moves would violate WTO principles of free textile trade and hurt trade relations.
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BEIJING: The end of 30 years of global garment quotas should be a huge long-term boon for Chinaâs low-cost producers. But in the short run, it may instead mean a trade war between Washington and Beijing.
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The World Trade Organization (WTO) discussed at a regular meeting on Friday adjustment-related issues that may be caused by the elimination of quota restrictions against textile and clothing products on Jan. 1, 2005.
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The once-favorable US tariffs that built a labor-friendly garment industry may now be its undoing.