TEXTILE PROBLEMS SHOULD NOT LET TRADE
Chinese Minister of Commerce warned against that textile issue between China and the United States did not become #39;an obstacle#39; to trade in other products. Xylan Bo (Bo Xilai) commented on the U.S. public attitude towards China#39;s ongoing tensions with regard to textiles in an interview with Public Broadcasting Service of the United States. The problem with textiles exaggerated in the U.S. - said the minister. - It should not be a stumbling block in Sino-US trade as textile products account for only 6% of the total annual volume of trade between the two countries. He said that Chinese textile exports to the United States in 2004 amounted to about U.S. $ 10 billion, while imports of pharmaceutical products from China - U.S. $ 7.7 billion. This figure deserves comparison.
China has also become the largest buyer of cotton and soybeans in the United States. It would be incorrect to use double standards in international trade. The right to trade in textile products under the WTO has been granted to China after he was given permission to open markets in other sectors, particularly in pharmaceutical manufacturing and services sector. Mr Bo said that the rise of textile exports was projected impacts of global removal of quotas among WTO member countries, but it might not happen if developed countries were abolished quotas gradually over the next 10 years. It is unfortunate that the U.S. did not find positive solutions.
So, China has refused to enter commitments increased export duties on their products to protect Chinese enterprises from double restrictions. The minister insisted that the introduction of protective measures against China#39;s textile products was a violation of Article 242 WTO document, as the decision was based on inaccurate statistics, made in a short period of time. Bo hopes that its views will be transferred directly to the American people and not distorted, as reported by Shina Daily.
