Released on = April 17, 2007, 5:18 am

Press Release Author = Namrata

Industry = Small Business

Press Release Summary = 2005 has seen some fairly frenetic activity by US and EU
trade negotiators in their attempt to stem surges in textile and clothing imports
from China

Press Release Body = Editorial: Post-Quota Scenarios in Textiles and Clothing:
Chinese Producers Re-Assess Their Production and Export Strategies

2005 has seen some fairly frenetic activity by US and EU trade negotiators in their
attempt to stem surges in textile and clothing imports from China. And yet the year
was supposed to herald a new era of quota-free trade.

In the USA, the surge in imports started in early 2002 after China joined the World
Trade Organisation (WTO) and a large proportion of its exports were quickly freed
from quota restrictions.

Thereafter, the surge gathered pace and continued to do so until US safeguard
quotas-imposed on various products between late 2003 and August 2005-began to slow
import growth in the product categories to which the quotas applied. The quotas were
introduced under a special textile safeguard mechanism which had been incorporated
in China's WTO accession agreement.

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