U.S. Textile Industry To Extend The Quota Limit For The Final Sprint

By Himfr Paul

From 43 countries textile manufacturers began to extend the quota deadline for the final sprint to do. Tuesday, they and dozens of countries, industry leaders convened in Brussels on a three-day conference, including Bangladesh and Turkey’s textile sector leadership, goal is to extend the quota system to launch a campaign deadline.

According to the American Textile Manufacturers Association, said that so far, from 43 countries of the 81 trade union has been in Turkey’s so-called “Istanbul Declaration” signed the. Last week, the U.S. textile industry successfully persuaded 130 members, including Democratic presidential candidate Johnke force, wrote to President Bush, asking him to urge the WTO to convene an emergency meeting to reconsider the termination of the quota period.

The lawmakers asked the U.S. government to put pressure on the WTO, the textile and apparel quota deadline extended until the end of the end of 2007, they said, otherwise, India and China’s exports would flood the world market, resulting in about 30 million workers unemployed. So far, Washington is still opposed to extending the quota period. U.S. Trade Representative’s office spokesman said the United States is prepared to comply with its commitments to the international community. However, this problem may be in the November presidential election to become a hot spot.

Start from the 60’s textile import quotas will end with the textile and apparel agreement to cancel, and now this problem is the WTO one of the fiercest fighting. As the quota system, import quotas set each year, a number of less developed countries in Asia and Latin America’s textile products have a certain degree of market protection. But in 1994, the WTO textile and clothing agreement to make decisions, using 10 years to phase out all quota.

In fact, India has some WTO members had rejected the trade protectionism. Permanent Representative of India WTO said in a letter, “Obviously, most of the quotas will expire on the last day the agreement was canceled. This point, the process of phasing out of quotas and the agreement runs counter to expected results.” The letter said The European Union in 1994, more than 303 kinds of quota categories, to date only 91 cancellations. There are 212 kinds of rest, or 70%, still in use quotas. Similarly, in Canada a total of 368 kinds of quota categories, canceled only 76, the remaining 292, or 79%, still in use quotas.

Recently, 80 members of the International Textile and Apparel Council, Mr Chandrasekhar has been held in New Delhi in the 39th annual meeting of industry warned that the WTO, “Trade protectionism will find or invent other ways to stop the abolition of quotas.”

Less than 3% of total global trade of textile industry in India directly employs 35 million workers, the contribution of GDP to 4%, accounting for 25% of India’s export earnings. Recognizing that the textile industry in the next 5 years a bright future, the Government of India for the development of textile and apparel goal is to export in 2010 reached 50 billion U.S. dollars every year, Indian textile and garment exports to the scale of the current 120 million.

Global IT sector Mckingsey recent study is expected that by 2008 the global textile and apparel production will reach 248 billion U.S. dollars. China, India and Pakistan will become a “clear winner.”

About the Author: I am a professional editor from

China Suppliers

, and my work is to promote a free online trade platform. http://www.frbiz.com/ contain a great deal of information about

fork knife spoon

,

leather executive office chair

,

auto soap dispenser

, welcome to visit!

Source:

isnare.com

Permanent Link:

isnare.com/?aid=533431&ca=Business+Management