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Newsletter:
July 2005
U.S. Industry Files New Safeguard Petitions
U.S. textile, apparel and fiber producing trade associations announced
the filing of four safeguard petitions covering eight categories to limit
the growth of U.S. textile and apparel imports from China on Monday, July
11. The industry also announced
that it had refiled a petition on curtains on June 22 that the U.S.
government rejected for technical reasons on June 21.
Combined
U.S. imports in the 10 categories covered by the July 11 announcement
totaled $6.4 billion in 2004, with imports from China accounting for $944
million. The
value of the Chinese imports covered by the petitions account for 5.3% of
the $17.8 billion in textile and apparel imports from China and 1.05%
of the $89.7 billion in imports from the world (including China) in 2004.
In
terms of the $196.7 billion in U.S. imports of all goods from China in 2004,
these petitions affect only about 0.48%
of that trade. The
U.S. Government has 15 days to decide whether to accept the petitions for
consideration and at least 90 days after that to decide whether to impose
curbs. “The
U.S. textile industry will keep filing petitions until the United States and
China reach a comprehensive agreement to moderate the growth of Chinese
textile and apparel imports to a reasonable level through the end of
2008,” Auggie Tantillo, executive director of the American Manufacturing
Trade Action Coalition |
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