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  • U.S. textile executives complained China doesn't play by the trade rules and that their own government doesn't help."If you wait for the government to support and protect you, you're in trouble," James Morelli, vice president of American Fibers & Yarns Co. of Chapel Hill, N.C., told a panel discussion Friday at the Outdoor Retailer Summer Market show.Trade negotiators are pressuring China's central government, but the problem is in China's provinces, where "it's the governor or his brother-i
  • The Bush administration said yesterday that it would discuss a comprehensive agreement to limit imports of clothing and fabric from China, a potential reprieve for U.S. manufacturers and a step to smooth trade relations with China.U.S. imports of some Chinese products -- such as cotton socks, shirts and pants -- have increased in volume by more than 1000 percent since Jan. 1, when a global system of quotas expired.U.S. producers say the flood of Chinese imports is costing jobs and ruining compan
  • The Bush administration, struggling to deal with America's surging trade deficit with China, announced Thursday it would begin negotiations aimed at broad restrictions on imports of Chinese clothing and textiles. Critics said such new limits could cost American consumers billions of dollars in higher clothing costs. Supporters said a comprehensive deal imposing limits on Chinese imports was needed to protect a U.S. textile and apparel industry that has been left reeling with the expiration of
  • DHAKA, Aug 11 Asia Pulse - Export growth of woven garments drastically declined following the abolition of the quota system from the middle of the just-past fiscal year, creating skepticism about the viability of Bangladesh's apparel sector in the post-MFA era. The growth of woven garment exports has dwindled in four months out of five of the current year till May since the quota umbrella was removed from the world market on January 1 this year, according to the latest statistics from the Expo
  • China has posted its second-biggest trade surplus in July. This proves massive competitiveness of Chinese exports sector and government policies to control investment, which are dampening imports, said economists.The $10.4 billion surplus in July took the cumulative total for the first seven months up $50 billion, dwarfing the surplus of $32 billion, last year.China's trade relations with the United States and the European Union have strained since the decades-old system of quotas on developing
  • EU trade commissioner Peter Mandelson stated he would hold meeting with Chinese counterpart Bo Xilai, which is slated to begin this week after violation of quota on Chinese pullovers and trousers.However, Mandelson was in constant touch with Bo-Xilai, and no decision on what action to take would be decided upon, until early next month. He also added that the final decisions, including reduction of quotas in the future will not be taken until early September and will be resolved only through an a
  • Cotton trading activity at the Karachi Cotton Association market was noted to be listless, even though some millers were reportedly active seeking quality lint. Spot rate remained static at Rs 2,300 per maund. Meanwhile, Trading Corporation of Pakistan (TCP) floated its last tender for sale of local and foreign quality cotton bales numbering 81,693. TCP would sell lint to foreign buyers only from August 15, 2005. So far, TCP has sold 110, 9071 bales through sixteen auctions including 10,09,071 b
  • BRUSSELS, Belgium_European retailers are to blame for exceeding the quota on cheap Chinese trousers by allowing too many shipments ahead of a cut-off date, the European Union's trade chief said Tuesday. EU Trade Commissioner Peter Mandelson said imports of Chinese-made trousers reached their annual quota limit on Monday. "The problem has been caused by importers trying to beat the restrictions after the Shanghai Memorandum of Understanding was signed on June 10," Mandelson said. "The sheer sca
  • US government trade officials are making moves toward negotiating a new comprehensive textile and apparel import quota agreement with China that would replace use of the piecemeal safeguard mechanism approach that has been used extensively over the past few months. Commerce Secretary Carlos Gutierrez announced the Committee for the Implementation of Textile Agreements (CITA) was postponing until August 31 any further action on six product categories in order to give government trade officials ti
  • Winter clothes may cost more as trade war between British retailers and the European Commission continues over Chinese imports. The fact that European ports are choking from imported Chinese textiles, apparels and other related items on the way to respective destinations, were held only because of EU import restrictions.Meanwhile, the European Trade Commissioner Peter Mandelson has slammed businesses in China and Europe, yesterday for causing a bottleneck in which 43 million Chinese-made items o
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