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Newsletter:
November 2005
Five Steps to Long Term China Solution The US National Council of
Textile Organizations (NCTO), has laid out a five-step process to achieving
a long term solution to China's distorting trade practices in the textile
and apparel sector. 1. A comprehensive textile agreement with
China would be an important first step to a long term solution, provided
that it keeps China's exports of sensitive textile and apparel products
under tight quota control through 2008. 2. To attack these trade practices
through WTO cases and US trade law. NCTO supports passage of legislation by
the US Congress to address China's ongoing currency manipulation including
the imposition of tariff sanctions on China's exports to the US and allowing
US companies to attack Chinese subsidies at their source through the use of
countervailing duty laws. 3. A permanent textile safeguard
in the Doha Round of trade talks to address the unique problems posed by
China and other non-market economies. 4. Not to allow China additional
access to the US market through loopholes in future trade agreements. Future
success on trade liberalisation in this sector hinges upon the prevention of
such loopholes being included in future agreements. 5. Finally is that the US should
resist any pressure to lower US textile tariffs during the Doha Round
negotiations. |