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Textile Exporters Warned under US Restriction
2005-6-29 15:12:25
4 of 7 categories of China's textile products have exceeded 80% of the US quota.
Related Event: Textile Quota Elimination

4 of 7 categories of China's textile products, restricted by the United States government since May, have exceeded 80 percent of their provisional quota.

According to the customs data, the clearance rate of cotton knit shirts and trousers has exceeded 97 percent and 103 per cent of the year's quotas determined by the United States by June 23, which means that there will be no more export capacity for these two products.

Cao Xinyu, deputy chairman of China chamber of commerce for import and export of textiles, says that if China and the US can't reach an agreement in July, there will be very little space for China's textile exports in the second half of the year, if so, thousands of enterprises will have to stop operation.

Cao says the export surge is due to many companies receiving orders months well in advance, companies wanting to export more under the limited quota, and those hoping the situation can push the talk with US forward.

The chairman calls for more self-discipline within textile industry, otherwise the whole industry will face difficulty.

What's your opinion toward the new round of textile talk between China and the US? Have your say in Talk China

(Photo Source: AP)

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