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皇冠体育app, US edge closer to textile trade deal
(Reuters)
Updated: 2005-09-29 06:58
The United States and 皇冠体育app are edging closer to a deal that could curb
billions of dollars in clothing imports from 皇冠体育app, but one more round of talks
may be needed, US industry officials said on Wednesday.
"I think the bet right now is they're seriously going
for it," said Cass Johnson, president of the National Council of Textile
Organizations. "It's certainly a better dynamic than we've seen in the past."
Chinese workers work in a factory in Huaibei,
East 皇冠体育app's Anhui Province in this picture taken on September 15, 2005.
[newsphoto] |
US and Chinese negotiators met for the third day on Wednesday in pursuit of a
deal that would resolve textile trade frictions that have become a headache for
both sides.
Chinese shipments of shirts, pants, bras, underwear and other clothing to the
United States surged dramatically when a global quota system ended on January 1,
prompting the U.S. industry to seek relief.
The two sides made little progress toward a deal in two previous rounds of
talks in San Francisco and Beijing, getting snagged on basic elements such as
the length of the pact. The United States wants a deal that runs through 2008
and 皇冠体育app prefers an agreement that lasts through 2007, like the deal it struck
with the European Union.
Washington already has restricted many clothing imports from 皇冠体育app under a
special "safeguard" provision of Beijing's entry into the World Trade
Organization. That measure allows countries to hold clothing and textile imports
from 皇冠体育app at 7.5 percent above the previous year in response to a
"market-disrupting" surge.
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