US imposes Chinese-made textile import restrictions
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Manufacturing News, Source : TheManufacturer.com
Published : 19 May 2005 18:33
The United States government imposed a limit on the growth of Chinese-made imports to 7.5 percent a year on men's and boy's cotton and man-made fiber shirts, man-made fiber trousers, man-made fiber knit shirts and blouses, and combed cotton yarn—following similar restrictions imposed on imports of Chinese-made cotton trousers, cotton knit shirts and underwear imposed last Friday.
Chinese textile exports have spiraled upward since a worldwide quota system limiting them ended on January 1, 2005.
The US quotas were imposed following complaints from manufacturers that the glut of Chinese imports was hurting US companies. US textile imports from China are 54 percent above the rate during same period last year, according to the US Department of Commerce.
"The Chinese government reserves the right to take further actions within the framework of the World Trade Organization," Chinese Commerce Ministry spokesman Chong Quan said, via the Chinese government-controlled Xinhua News Agency. He did not, however, say what the actions would be, or when those actions would be carried out.
European Union officials have also complained lately, as some Chinese textile imports there have risen by up to 534 percent since the end of the quota system in January.
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