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Sino-U.S. Textile trade talks turnaround

      October 30 start of the seventh round of Sino-U.S. textile trade talks recently made breakthrough progress Although the negotiations have not made any comment on the specific results, but according to media reports here. the United States on China's textiles and garments export to the United States reached a temporary agreement. The Associated Press reported that the United States is currently conducting consultations on the details of the agreement. Chinese officials and U.S. Trade Representative Rob Portman is expected in Geneva on the 8th will be the first formal signing of the agreement. "The Washington Post" quoted on the 5th U.S. industry officials declined to be named said, The interim agreement from the beginning of January 2006, until the end of 2008. China made a concession by China to implement its original agreement only in 2007. Seen tremendous growth in the United States and also to make concessions. Prior to the annual trade growth will not insist on the position of not more than 7.5%. The agreement stipulates that China's main imports from the United States textile and clothing categories to between 8 and 10% growth in trade volume in 2006. 13%,2008 amount in 2007 and increased to 17% growth. "Washington Post" said that the previous interim agreement with the textile trade between China and the EU reached a similar agreement. Since the signing of a formal agreement on the implementation of nearly two hours, Sino-U.S. textile trade exporters and retailers have sufficient time to adjust their plans. "The Washington Post" that the Sino-U.S. agreement on textile trade. intellectual property rights between China and the United States will help ease the tense relations and the RMB exchange rate issue. It has been learned that the United States Trade Representative Rob Portman will be held on the 14th visit to China, held talks with Chinese Minister of Commerce Bo Xilai.

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