Bush to Consider Textile Limits

The Bush Administration late last week agreed to consider a petition from a coalition of embattled textile manufacturers that would limit some imports from China.

American manufacturers and the labor union representing textile workers have been pressing for help in advance of the lifting of all trade quotas on textiles and apparel on Jan. 1, 2005, allowing for the free flow of goods around the globe.

The petition accepted on Friday covers cotton trousers and shorts.

In early October, the World Trade Organization (WTO) agreed to explore growing concerns that the year-end removal of apparel and textile quotas will lead to massive job losses and domination of global markets by countries such as China and India.

Source: ASI Weekly
November 5, 2004

Back to Hot Topics