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Newsletter:
September 2005 After 31 U.S. textile plant closures in 2005 and
China’s failure to agree to a reasonable comprehensive textile deal with the
United States after four rounds of bilateral consultations, U.S. textile
industry and labor union officials announced that they had filed four (4)
new safeguard petitions covering five (5) categories on 21 September 2005.
A fifth round of
bilateral consultations between the United States and was held on September
26 and 27 also ended without reaching any consensus. The new petitions cover the following products:
Safeguard Category
2005 China Increase
% Change
YTD China Share of
U.S. Import
7/2004
7/2005
443 – wool suits
+ 680,075 suits
+ 890 %
2 %
16 %
634/635 – mmf*
coats
+ 44 million
coats
+ 563 %
7 %
36 %
+ 14 million square meters
+ 263 %
16 %
47 %
619-polyester
filament fabric
+ 31 million
square meters
+ 1034 %
2 %
17 %
* mmf = man-made fiber
# All U.S. textile and apparel import data
statistics were obtained from Otexa on September 20, 2005.
The combined value
of total U.S. imports for the five categories covered by the September 22
announcement for year-to-date 2005 is $1.78 billion, with imports from China
accounting for $487 million of that total.
The value of the
Chinese imports covered by the petitions amounts to less than 4 percent of
the $13.1 billion in textile and apparel imports from China and less than 1
percent of the $50.6 billion in imports from the world (including China) in
2005.
In terms of the
$130 billion in total U.S. imports of all goods from China in 2005, these
petitions affect only 0.4 percent of that trade. |
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