[Hopefully, China can use part of this money to compensate those overworked/highly exploited Chinese textile workers]--"China outlines new duties on textiles"
December 27, 2004
China has outlined the textile export duties it will impose after a quota system expires next month, following pressure from the United States and Europe who fear a flood of low-cost Chinese textiles.
China will impose duties of between 0.2 yuan ($A.03) and 0.5 yuan ($A.08) on its textiles, according to the International Business Daily, which is published by China's Ministry of Commerce.
The new export duties will cover 148 types of textile items in six categories of goods, including outer wear, dresses, pants, knitted and non-knitted blouses, sleepwear and underwear, it said.
The full schedule for export duties on textiles will be issued soon, an official in China's Ministry of Commerce who declined to be named said Monday.
The Commerce Ministry said earlier that duties would be based on the quantity of the export rather than the value of the goods in order to encourage high-end textiles. It did not provide details.
China is a dominant competitor in the $US350 billion ($A460 billion)-a-year world textile trade.
AdvertisementAdvertisement
World Trade Organization members, including China, will see quotas on textile and clothing trade expire on Jan. 1 as part of the WTO Agreement on Textiles and Clothing.
The United States and the European Union worry that the change will result in a glut of Chinese goods pouring into their markets, devastating their domestic producers.
© 2004 AP
theage.com.au |
