China : China and US ready to implement the textile agreement

The Ministry of Commerce briefed recently the implementation of the Sino-US textile agreement which will be effective as of Jan.1, 2006.

Quotas for five categories under the US restriction had been used up before the agreement was reached on Nov. 8. Goods were blocked at the US customs as a result. The US Committee for the Implementation of Textile Agreements (CITA) has asked the US customs to grant clearance to the five types of Chinese textile products between Nov. 28 to Dec. 2.

Permission will be given to products not stockpiled at the customs. In the case that more products are blocked at the customs, the US side will let in the products in line with the bilateral consensus. The CITA has also declared a halt to the investigation into Chinese textile products.

Both China and the US are ready to implement the agreement as of Jan.1, 2006.

People's Daily Online