Chinese Exporters Face More US Textile Restrictions
Global Trade & Logistics
Chinese textile exporters are likely to face safeguard measures on additional products if the current round of Sino-US textile talks fails to reach agreement. The United States is due to make a decision on whether to set caps on imports of sweaters, robes, wool trousers and knit fabrics on October 1.
An another development, online bidding for next year’s quotas set by the European Union started yesterday; the process is set to last till Friday. Cao Xinyu, vice-chairman of the China Chamber of Commerce for Import and Export of Textiles said enterprises were carefully analyzing prices and prospects as they bid for 18 per cent of next year’s quotas.
Chinese textile exporters are likely to face safeguard measures on additional products if the current round of Sino-US textile talks fails to reach agreement. The United States is due to make a decision on whether to set caps on imports of sweaters, robes, wool trousers and knit fabrics on October 1.
An another development, online bidding for next year’s quotas set by the European Union started yesterday; the process is set to last till Friday. Cao Xinyu, vice-chairman of the China Chamber of Commerce for Import and Export of Textiles said enterprises were carefully analyzing prices and prospects as they bid for 18 per cent of next year’s quotas.









