TITLE

US move to clamp down on Chinese textile imports may benefit India

PUB. DATE
November 2004
SOURCE
Man-Made Textiles in India;Nov2004, Vol. 47 Issue 11, p432
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This article reports on the possible market-share gain of Indian textile exporters at the expense of their Chinese counterparts, with the U.S. and another 50 countries planning to impose quantitative restrictions on select imports from China, even after the global trade in textiles is freed of quotas beginning January 1, 2005. With the threat of mass-scale Chinese exports looming large, the U.S. administration is reportedly considering imposing limits on Chinese shipments under intense pressure from its domestic industry lobbies. Though the quota regime is to be abolished by 2005, countries can resort to imposing quantitative restrictions on imports from China beyond the stipulated date, since the country was a late entrant to the World Trade Organization (WTO). Under the terms of the agreement that gave Beijing WTO membership, countries can continue with quotas against Chinese imports if they can prove that the shipments are reaching excessive proportions or if instance of dumping can be cited. While a section of the Indian exporters are upbeat about the prospects of a clampdown on Chinese products, industry representatives advocate caution. Exporters concur that even in case of a selective clampdown, Indian suppliers have a chance to break into product categories such as suits, shirts and trousers, in which China has a stronghold.
ACCESSION #
15376422

 

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