China-US 4th round textile talks next week
AFP, Beijing
China and the United States will hold a fourth round of textile talks in Beijing next week, the commerce ministry said Saturday, with the US pushing to limit Chinese imports to protect its own industry. The August 30-31 talks follow a two-day meeting in San Francisco this month at which negotiators failed to overcome "fundamental differences" on how to cap the exports that have surged after a long-standing global quota system for textiles was abolished on January 1. The two sides are analysing proposals to limit growth in the exports, with officials saying the level of percentage caps that would apply to Chinese apparel imports to the United States was "one of the sticking points". The US textile industry wants a deal that limits Chinese imports in more than 19 categories of apparel to a 7.5 percent growth rate per year until 2008. The United States has already announced that it was implementing World Trade Organization "safeguards" that cap import growth at 7.5 percent on six Chinese products in an effort to protect its domestic textile industries. China has expressed dissatisfaction with the unilateral implementation of the safeguards and threatened to enter a long-winded arbitration process unless Washington agrees to seek a bilaterally negotiated solution to the impasse.
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