US manufacturers advised to make leeway into Chinese markets
13 Sep '05
1 min read
Charles Martin, the President of the American Chamber of Commerce in China has said that trade sanctions will not work in reducing the friction that Sino-US textile trade ties are presently experiencing.
He opined that US firms have to produce goods catering to other country's requirements, which they lacked.
Speaking to the journalists, he said imposing quotas as a strategy per se, would not indeed be the best and could could backfire.
Martin enlisted several measures like revaluation of Chinese currency, IPR and other undertaken by China to ensure the trade disparities were removed.
He termed China's market as "a pretty fair playing field and getting fairer all the time."
He called for US mnufacturers, investors and traders to make way into the vast Chinese markets.
marketing@alchempro.com
