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October 12, 2005
China, US Talk Textiles
The U.S and China have begun yet another round of talks aimed at settling the dispute over soaring Chinese textile exports. The talks, currently being held in Beijing, represent the sixth round of negotiations the two countries have entered into in recent months over the level and duration of quotas to be imposed on Chinese textile imports to the U.S.
Exports of Chinese textiles have skyrocketed since global quotas were abandoned on January 1. Both U.S. and European textile manufacturers claim that the influx of Chinese goods could obliterate their markets, leading representatives from both regions to scramble to the negotiating tables. China and the EU reached a deal in June to limit the export of 10 Chinese textiles but the U.S. has so far failed to reach a settlement.
Posted by Blacks on October 12, 2005 02:42 PM
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