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| Workers sew clothes at a garment factory in
Hefei, Anhui Province in this undated photo. It is reported China and the
US have reached an agreement on China's clothes exports to the US.
[newsphoto] | BEIJING, Nov. 8 -- The United
States and China are expected to sign a three-year agreement on Tuesday China's
booming clothing and textile shipments to the United States, a congressional
aide said on Monday, the Reuters reported.
US Trade Representative Rob Portman and Chinese
Commerce Minister Bo Xilai are both in London for meetings related to world
trade talks. They are expected to hold a bilateral meeting on Tuesday morning
and sign the pact, said Carolyn Hern, a spokeswoman for Rep. Robin Hayes, a
North Carolina Republican who has been a leading congressional advocate for such
a pact.
"They are expected to sign it about 2 or 3 a.m. (EST)
our time," Hern said. It's about 14:00 or 15:00 Beijing time.
A spokeswoman for the US Trade Representative's
office would only confirm that Portman and Bo will hold a joint news conference
on Tuesday morning in London.
A textile agreement would smooth over a rough spot in
the US-China trade relationship before President George W. Bush visits Beijing
the middle of this month.
China's exports of clothing and textile products to
the United States jumped more than 50 percent in the first eight months of the
2005 to nearly $17.7 billion following the end of a global quota system on
January 1.
That prompted US textile producers to seek protection
under a "safeguard" provision of China's 2001 entry into the World Trade
Organization. The measure allows WTO members to restrict the growth in imports
from China to 7.5 percent annually when there is a market-disrupting surge.
SEEKING COMPREHENSIVE
PACT
The Bush administration has imposed safeguard curbs
on billions of dollar of Chinese clothing imports this year. But because the
curbs have to be renewed annually, textile groups have pushed for a
comprehensive agreement that would limit imports through 2008, when the
safeguard provision expires.
Cass Johnson, president of the National Council of
Textile Organizations, said on Sunday the new textile agreement was expected to
restrict 34 categories of clothing and textile imports from China through 2008.
China is expected to "receive only a minimal increase
-- 3.8 percent ... -- in market access in the 14 largest and most sensitive
textile apparel categories as compared to the use of the safeguard," Johnson
said.
The quotas for those 14 categories -- which include
trousers, shirts, knits, underwear and bras -- are expected to grow 5.5 percent
in 2006, 7.8 percent in 2007 and 10.3 percent in 2008, compared to 7.5 percent
annually under the safeguard.
Growth rates in the other 20 categories are expected
to average about 10 percent to 12 percent in 2006, 12 percent to 15 percent in
2007 and 16 percent in 2008, an industry official said.
(Source: China Daily/Reuters) |