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November 25, 2005
US Drops Pending Chinese Textile Requests
The U.S. is dropping all pending decisions regarding quotas on Chinese textile imports following an agreement reached between the two countries earlier this month.
The Commerce Department said that it has 24 outstanding requests from industry groups that are being scrapped in light of the decision. Most of the issues brought up in the requests are covered in the recent agreement, the Commerce Department said.
After a prolonged period of negotiation, the U.S. and China reached a 3-year deal to restrict the import of 34 types of apparel and textiles, valued at about $5 billion annually.
Posted by Blacks on November 25, 2005 12:30 PM
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