| |
The Washington Post says the smarter response to the expiration of global textile quotas should widen access to the U.S. market for Africans, Latin Americans and other affected countries, not to renege on promises to China.
If countries do not cancel the textile quota, new agreements reached during international trade negotiations will lack credibility.
Global textile quotas will expire at the end of this month.
The demise of the rule is expected to allow the most efficient producers in China, India and
Pakistan to boost exports at the expense of their less efficient rivals.
The US textile industry has petitioned the Bush administration to safeguard tariffs
|
