Wednesday, December 14, 2011

In 2005, millions of textile and clothing goods were being held in Europe, because of a dispute over import quotas. Europe feared that the sharp rise in import volumes would endanger European producers. Of course retailers want to purchase the less expensive good, but that leaves thousands of textile producers across Europe worrying about the safety of their jobs. This is something the United States would like to avoid.

In 2005, under the World Trade Organization rules, the imports be will allowed to rise to 16% in 2008.

"I believe the textile agreement shows our ability to resolve tough trade disputes in a manger that benefits both countries," said US trade representative, Rob Portman.
These quotas applied to 34 products, such as shirts and bras. Chinese clothing and textile exports to the United States rise by more than 50% in the first eight months in 2005.

China's trade distorting actions have clashed with the Obama administration. China has become the world's biggest exporter and second largest importer. This growth had presented many opportunities for American companies, workers and farmers.

"restrictions and interventions policies on issues such as intellectual property rights remain a concern for American companies in China," said Claire Reade, US representative, during the December 12 report.

"Trade frictions can be traced to China's pursuit of industrial policies that rely on trade disrorting actions to promote or protect China's state owned enterprises," she said.

While China has been actively revising their legal system to be more protective of intellectual property, or IP, rights, they haven't been very attentive in enforcing piracy, copyright infringement and copyright laws.

China has promised to support worker
rights and has so far failed to withhold their promise. They have also agreed to move toward a market economy since their membership as a WTO member. China's membership has resulted in a significant shift in jobs, income and wealth from the United States to China.

Works cited
McQuillen, William "China Distorting Policies Causing Trade Frictions, US Says" Dec 12, 2011

BBC News "Q & A: Chinese clothes exports to EU" Sept 5, 2005 http://news.bbc.co.uk/go/pr/fr/-/2/hi/business/4194474.stm

BBC News "US and China sign textiles deal" Nov 8, 2005 http://news.bbc.co.uk/go/pr/fr/-/2/hi/business/4416858'>In 2005, millions of textile and clothing goods were being held in Europe, because of a dispute over import quotas. Europe feared that the sharp rise in import volumes would endanger European producers. Of course retailers want to purchase the less expensive good, but that leaves thousands of textile producers across Europe worrying about the safety of their jobs. This is something the United States would like to avoid.

In 2005, under the World Trade Organization rules, the imports be will allowed to rise to 16% in 2008.

"I believe the textile agreement shows our ability to resolve tough trade disputes in a manger that benefits both countries," said US trade representative, Rob Portman.
These quotas applied to 34 products, such as shirts and bras. Chinese clothing and textile exports to the United States rise by more than 50% in the first eight months in 2005.

China's trade distorting actions have clashed with the Obama administration. China has become the world's biggest exporter and second largest importer. This growth had presented many opportunities for American companies, workers and farmers.

"restrictions and interventions policies on issues such as intellectual property rights remain a concern for American companies in China," said Claire Reade, US representative, during the December 12 report.

"Trade frictions can be traced to China's pursuit of industrial policies that rely on trade disrorting actions to promote or protect China's state owned enterprises," she said.

While China has been actively revising their legal system to be more protective of intellectual property, or IP, rights, they haven't been very attentive in enforcing piracy, copyright infringement and copyright laws.

China has promised to support worker
rights and has so far failed to withhold their promise. They have also agreed to move toward a market economy since their membership as a WTO member. China's membership has resulted in a significant shift in jobs, income and wealth from the United States to China.

Works cited
McQuillen, William "China Distorting Policies Causing Trade Frictions, US Says" Dec 12, 2011

BBC News "Q & A: Chinese clothes exports to EU" Sept 5, 2005 http://news.bbc.co.uk/go/pr/fr/-/2/hi/business/4194474.stm

BBC News "US and China sign textiles deal" Nov 8, 2005 http://news.bbc.co.uk/go/pr/fr/-/2/hi/business/4416858
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