Related Event: Textile Quota Elimination
The second round of Sino-US negotiations over textile frictions will open soon, China's Ministry of Commerce says.
As well as the seven categories of Chinese textile products restricted by the US Government, this round of talks is expected to cover another six categories on which curbs are being considered.
An exact timetable for negotiations is not yet available.
Earlier reports said they would start this Saturday in Beijing, and it was likely to involve higher-ranking officials than last Friday's from both countries.
"It is essential for the two countries," said Cao Xinyu, Vice-Chairman of China Chamber of Commerce for Import and Export of Textiles. "Because deadlines for the United States to apply new curbs to these categories are just at the end of this month."
Under US Government procedures, the country should decide whether to launch formal consultations with China concerning these categories and place restrictions on them after a 15-day public appraisal, he said.
His chamber would establish an inspection mechanism in a couple of days' time to watch the growth of exports in these categories, he said.
The chamber would at least keep firms informed of the clearance rate in the United States in case the restrictions were imposed.
"The two sides will perhaps not be able to reach an agreement in this session, although China expects to make a deal as soon as possible," he said.
The results of the consultations would mainly depend on the attitude of the United States and whether it understands the significance of the textile industry to China, said Mei Xinyu, a researcher with the Chinese Academy of International and Economic Co-operation.
Experts also warned that it was more difficult for China to reach an agreement with the United States than with the European Union because talks with the United States were more complicated.