Agriculture News from HPJ - Your Ag News Source

NCC pleased with administration's swift safeguard action

The National Cotton Council stated recently that it was gratified by the administration's swift and decisive action to impose safeguards on certain categories of textile and apparel imports from China under the special China Textile Safeguard Authority contained in the China World Trade Organization (WTO) Accession Agreement.

The special safeguard provisions were designed to assist other countries in adjusting to increased competition in textiles and apparel occasioned by China's WTO entry. The 1000 percent plus increase in imports in the textile and apparel categories covered by the administration's actions demonstrate the capacity of China to dominate world trade in textiles and apparel before adjustments can be made by competitors in developed and developing countries.

"The decision to utilize safeguards is authorized by the agreement, appropriate under the circumstances, and should enable the U.S. textile industry to better adjust to this competition," NCC President/CEO Mark Lange said. "While the safeguard authority is temporary and is based on current levels of trade, it is an important tool the administration can use to help improve the trade imbalance that currently exists in textiles and apparel. This action by the administration provides the U.S. textile industry an opportunity to adjust to the current competitive environment. Furthermore, the Council urges swift action by Congress to approve the Central America Free Trade Agreement, which will further enhance the competitive situation of U.S. textiles and apparel."

Date: 6/23/05


Agriculture News from HPJ - Your Ag News Source
Google
 
Web hpj.com
Copyright/Privacy
Copyright 1995-2008.  High Plains Publishers, Inc.  All rights reserved.  Any republishing of these pages, including electronic reproduction of the editorial archives or classified advertising, is strictly prohibited. If you have questions or comments you can reach us at
High Plains Journal 1500 E. Wyatt Earp Blvd., P.O. Box 760, Dodge City, KS 67801 or call 1-800-452-7171. Email: webmaster@hpj.com
   
EquipmentForTheFarm
New or used farm equipment
Latest Ag News High Plains Journal - Farm, Ranch, Agribusiness, Crops and Livestock
  •  BSE Timeline
  • View From the Cab
  • Kub's Den
  • By the Numbers: Dornfeld
  • Export Inspections Mixed
  • Crop Beat
  • Summer Weather Outlook -- 4
  • Hunger Group Calls for Grain Reserve
  • Groups Want Tariff Dropped
    ©2008 DTN. Licensed under U.S. Patent No. 4,558,302 and foreign counterparts. All rights reserved.
    High Plains Journal - Farm, Ranch, Agribusiness, Crops and Livestock
  • DTN Early Word Grains 07/08 06:10
  • DTN Midday Grain Comments 07/08 12:23
  • DTN Closing Grain Comments 07/08 14:25
  • DTN Cattle Close/Trends 07/07 15:25
  • DTN Early Word Opening Livestock 07/08 05:25
  • DTN Midday Livestock Comments 07/08 12:19
  • DTN Closing Livestock Comments 07/08 18:09
  • DTN Chart Technical Points 07/08 15:00
  • DTN Feeder Pig Index
    ©2008 DTN. Licensed under U.S. Patent No. 4,558,302 and foreign counterparts. All rights reserved.
    National Ag News Agriculture Industry Today

    Farm and ranch survey.

    High Plains Journal agriculture news RSS Feed
     

    Add agriculture and ranching news RSS XML feed to My Yahoo!
    Add agriculture and livestock RSS XML news feed to Google