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Newsletter:
November 2004 U.S.
To Impose Quota On China Imports of Sock The Bush administration decided on 22 Oct. to impose a quota
on sock imports from China - the latest round of an increasingly bitter
trade dispute with Beijing - showing a willingness to protect American
workers. The interagency Committee for the Implementation of Textile
Agreements, chaired by the Commerce Department, ruled that sock imports from
China are disrupting the U.S. market and there is a risk of further
disruption. The committee will seek talks with China to try to ease or avoid
any disruption. Once consultations are sought, a quota will be put in place
to limit U.S. imports of socks from China to a 7.5 percent increase over
current import levels, a far smaller increase than has occurred in recent
years. "The United States will make every effort to reach a
mutually satisfactory agreement with the Government of China to ease or
avoid the disruption in the U.S. market within 90 days of such a
request," the department said. If talks fail, the quota will remain in
effect for a year. Alabama Rep. Robert Aderholt a Republican, joined the effort
by the Hosiery Association and asked the Commerce Department to help shield
the sock industry from Chinese imports in a letter signed by Aderholt and 22
other members of Congress from both parties. |