Textile & apparel imports surge from China unabated in June - AMTAC
13 Aug '05
5 min read
Import data released by the US government showed that US textile and apparel imports from China continue to surge. Year to date, total US textile and apparel imports by volume from China are up 47 percent in 2005 compared to 2004. As of June 2005, China holds a 32 percent share of the U.S. textile and apparel import market (up from 23 percent in June 2004), the highest percentage share held by a single country in modern US history.
"The trade data released by the US government today demonstrates that the job-killing import surge from China continues unabated. The US government needs to negotiate an effective comprehensive agreement to limit US textile and apparel imports from China to stop the job losses," said American Manufacturing Trade Action Coalition Executive Director Auggie Tantillo.
"An effective comprehensive agreement for the US textile industry would cover all categories where safeguard petitions have been filed or approved. It should also include any categories that are disrupted or that are facing imminent disruption where safeguards have not yet been filed," continued Tantillo.
"In addition, a fair deal would limit the growth of Chinese imports to very close to 7.5 percent and should last through the end of 2008. It would include no promises not to extend the safeguard during current the Doha Round of WTO negotiations. And last but not least, it would include fair and tough penalties applied to Chinese quota limits and offending companies on imports from China that were illegally transshipped," concluded Tantillo.
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