Friday, March 11, 2005

Too late "The Bush" is in Office

US textile firms want China limit

At the start of 2005, a 30-year-old global agreement on textile and clothing export limits came to an end.
The US National Coalition of Textile Organisations (NCTO) says imports of some items from China rose by 1,000% in January, compared with a year earlier.

It wants Washington to implement measures to limit Chinese imports.
America can do this until the end of 2008 through a safeguard mechanism, agreed under World Trade Organization rules to limit growth in Chinese imports that are proven to be damaging US industries.

The NCTO says this is vital, as thousands of US textile and clothing workers have already lost their jobs since the start of this year.

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