The American Manufacturing Trade Action Coalition (AMTAC) issued the following statement on the upcoming US China textile negotiations that are scheduled to begin in Beijing on August 30.
AMTAC Executive Director Auggie Tantillo currently is in Beijing for the talks and said, "With virtual limitless pennies per hour labor and a slew of unfair trade practices provided by their state controlled economy, China has demonstrated an overwhelming ability to devastate US industry."
"It is critical that the United States define a new trading relationship with China that addresses their numerous unfair advantages in the global marketplace. The construction of a strong, comprehensive bilateral textile agreement would be the first step toward such an arrangement."
"So far the US government has done a good job of consulting with the domestic industry on the matter of a textile agreement with China. We look forward to working closely with the Bush Administration on this critical agreement as these talks resume in Beijing, China during the week of August 29," continued Tantillo.
Year to date statistics released by the US government's Office of Textiles and Apparel (OTEXA) show that 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 US textile and apparel import market (up from 23 percent in June 2004), the highest percentage share held by a single country in modern U.S. history.
marketing@alchempro.com
