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September 22, 2005
EU Hits China with Textile Duties
The European Union has decided to levy anti-dumping duties on some finished polyester filament fabrics from China in a move aimed at protecting its internal market.
The duties range from 14.1% to 56.2% and will last for 5 years.
A spokesman for the China Textile Industry Council has been quoted in local press as saying that the 56.2% duty will effectively put an end to the exportation of affected products.
U.S. authorities are also currently scrutinizing China’s textile exports. The U.S. textile industry is pressing the government to impose quotas on items such as wool suits, polyester filament and synthetic fiber coats, saying that the Chinese goods take a swipe at U.S. apparel manufacturing jobs.
Chinese apparel exports to the U.S. have surged by an average of over 600 percent in the last 7 months, according to some U.S. textile industry groups.
Posted by Blacks on September 22, 2005 01:16 PM
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