Decision to curtail textile imports from China delights NCC
17 May '05
2 min read
The National Cotton Council (NCC) announced it appreciates the decision of Bush administration to re-impose quota on certain categories of textile imports from China.
The restrictions were imposed to help other least developed countries to benefit in the cut throat competition within the textile and apparel industry resulted by the surge of Chinese apparel and textile exports to the US markets.
The surge in Chinese textile and apparel products to the US markets depicts the ability of China to become global leader in textiles and apparel trade before developed and developing countries can organize to compete.
NCC President & CEO Mark Lange explained that the decision to utilize safeguards is authorized by the agreement, appropriate under the circumstances, and should enable the US textile industry to better adjust to this competition.
"While the safeguard authority is temporary and is based on current levels of trade, it is an important tool the Administration can use to help improve the trade imbalance that currently exists in textiles and apparel,” he added.
This decision will give US textile industry another chance to rise up in the current global trade scenario. In addition, the Council appealed for speedy action by Congress to approve CAFTA that will improve the competitive state of US textiles and apparel industry.
marketing@alchempro.com
