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Newsletter:
September 2005
US-China Textile
Negotiations
The fifth round of US-China talks on Chinese textiles has ended without
agreement, but the two sides will meet again in an attempt to iron out a
deal. Although some progress was reached, their differences were not
settled.
The United States is seeking for a three-years deal that runs through to the
end of 2008 when its safeguard provision expires, while China wants a
two-year agreement only until the end of 2007, like the one it has with the
European Union.
US Industry leaders have been unwilling to replicate the EU-China deal
because it only lasts to 2007, and because it does not adequately address
growth levels and the ability of the U.S. industry to apply safeguards on
products not included in the agreement.
China's proposal is still unacceptable to the U.S. textile industry in terms
of breadth of coverage and in length (number of years covered). The U.S.
textile industry, which has called for a comprehensive textile agreement
that would include a wide range of categories, the industry's ability to
utilize safeguard mechanisms on categories not covered by the agreement, and
to have the ability to monitor China's growth.
The United States is seeking to restrain annual growth below 7.5%, China has
been seeking at least 12.5%. |