--- SEARCH ---
WEATHER
CHINA
INTERNATIONAL
BUSINESS
CULTURE
GOVERNMENT
SCI-TECH
ENVIRONMENT
SPORTS
LIFE
PEOPLE
TRAVEL
WEEKLY REVIEW
Film in China
War on Poverty
Learning Chinese
Learn to Cook Chinese Dishes
Exchange Rates
Hotel Service
China Calendar
Trade & Foreign Investment

Hot Links
China Development Gateway
Chinese Embassies

Global Textile Quotas Lifted after Forty Years

The removal of global quotas on textile and apparel trade on January 1, 2005 marks the beginning of complete trade liberalization in the field after 40 years.

 

Many believe the lifting of textile quotas will help developing countries increase exports due to less expensive raw materials and labor under the WTO framework.

 

In addition, consumers across the world would also benefit from the free textile trade.

 

China pledged to address the concerns of other developing countries, especially underdeveloped countries, for the common development of textile trade after the textile quotas was removed, said Chinese Minister of Commerce.

 

The lifting of all textile quotas was secured last October when the WTO held a meeting to review the implementation of the Textile and Apparel Agreement reached in the Uruguay Round of talks.

 

(CRI.com, People's Daily January 2, 2005)

 

China to Levy Export Tax on Textile Products
Panels to Monitor Export Orders
Export Tariff Rates Announced
Textile Producers to Debate EU Charge
Textile Duties to Ease Trade Concerns
Textile Industry Opposes US Import Limits
Print This Page
|
Email This Page
About Us SiteMap Feedback
Copyright © China Internet Information Center. All Rights Reserved
E-mail: webmaster@china.org.cn Tel: 86-10-68326688