China-US textile talks enter new round
By Jiang Wei (China Daily)
Updated: 2005-08-12 06:10

China and the United States will launch a new round of negotiations over the textile conflicts between the two countries next week, according to a source from China's Ministry of Commerce (MOFCOM).

A Chinese shopkeeper arranges textiles in a store in Shanghai in this February 24, 2005 file photo. [Reuters]

"China's delegation will head to San Francisco next week upon the invitation of the US side," the ministry said yesterday. "The negotiation will focus on the technical affairs."

The two-day consultation will be the latest move between the two countries after the United States imposed caps on China's textile and garment products in May.

"MOFCOM held a conference on Tuesday among major domestic textile exporters, listening to the obstacles they encountered in textile trade with the United States as well as suggestions and demands for future trade," said Cao Xinyu, vice-chairman of China Chamber of Commerce for Import and Export of Textiles.

He said Chinese companies expected that new negotiations would rule out the uncertainties before them.

Due to the lack of an agreement over textile for the remainder of 2005 and next year, the Chinese and US businesses dare not make orders or accept deals, which could further affect the profit and confidence of companies.

Page:

1

2

Close