TITLE

U.S. cotton industry faces dilemma in trade disputes with China

AUTHOR(S)
Laws, Forrest
PUB. DATE
May 2005
SOURCE
Southeast Farm Press;5/18/2005, Vol. 32 Issue 14, p24
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports on dilemma of the U.S. cotton industry in trade disputes with China. Although China agreed to open its markets to more U.S. exports when it joined the World Trade Organization (WTO) in 2001, the road to reaching that goal has been filled with pot holes. Before China increased its imports of U.S. cotton following 2OO3's short crop, U.S. cotton leaders complained that China was not filling the tariff rate quota purchases it promised to make in its WTO accession agreement. China countered with complaints about the quality of U.S. cotton shipments, and, in summer of 2004, its textile mills began defaulting on purchases of U.S. cotton after it became apparent 2004 production would be sharply higher than 2OO3's 21 million bales.
ACCESSION #
17122211

 

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