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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (3079)	4/17/2004 3:08:09 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

Beijing Rejects Talks On New Textile Pact: US Official China : 17th April 2004 China has refused to negotiate a comprehensive textile agreement to limit exports to the US after a decades-old quota system expires at the end of the year, a US official said on Tuesday. 'The Chinese have been categorical . . . about a comprehensive agreement. They're not interested,' Commerce Undersecretary Grant Aldonas told reporters after a speech to a group of trade policy specialists. The Bush administration will use its authority under US trade law to restrict imports of clothing and other textiles from China when an appropriate case can be made, Mr Aldonas said. But Chinese officials do not feel that threat is great enough to warrant negotiating a pact that limits their overall access to the US textile market, he said. In November, the Bush administration restricted imports of bras, dressing gowns and knit fabrics from China using a special 'safeguard' provision of that country's entry into the World Trade Organization in December 2001. fibre2fashion.com