Committed to PEOPLE'S RIGHT TO KNOW
Vol. 5 Num 480 Sat. October 01, 2005  
   
Business


China, US to start fresh textiles talks


The United States and China plan another round of talks on a drawn-out battle over textiles trade this month after their latest negotiations here ended without agreement, officials said Thursday.

"We were able to make progress, particularly with product coverage and quota levels, but we did not reach an agreement with the Chinese," chief US negotiator David Spooner said in a statement.

"We will be meeting with the Chinese again next month and will be consulting with them soon on the location and exact date of the next round of negotiations," he said after the meeting ended Wednesday.

Chinese officials in Beijing also confirmed plans for a new round of talks to forge an overarching agreement to regulate Chinese textile shipments, which have soared since global quotas were scrapped on January 1.

Since then, the US government has slapped what it calls "cumbersome" quotas on individual categories of Chinese textile exports in response to demands for action from the US industry.

"However, our preference is to seek a longer-term solution that will permit the orderly development of textile and apparel trade," Spooner said.

"But the United States will have no hesitation in walking away from a bad deal."

In Beijing, the Ministry of Commerce said that "the two sides made positive progress in the talks, but some differences remain as well."

For US critics, the textile dispute has highlighted what they call China's "manipulation" of its exchange rate to give its exports an unfair edge in world markets.