MOFTEC: US's Deduction of China's Textile Quota Violates Sino-US Textile AgreementA spokesman for the Ministry of Foreign Trade and Economic Cooperation (MOFTEC) made a statement on the US government's unilateral deduction of the quota of China's textiles on December 12.The spokesman said that the US government decided to unilaterally reduce the quota of China's textiles on the grounds that enterprises of the Chinese mainland delivered textile products in transit to the United States, with the total money of goods involved amounting to about US$9 million. The US government's unilateral reduction of China's textile quota without providing convincing evidence has grossly violated the Sino-US Bilateral Textile Agreement. The Chinese government has always conscientiously carried out the Sino-US bilateral agreement and advocated that Sino-US bilateral trade be developed on the basis of equality and mutual benefit, and trade disputes be solved in a pragmatic, understanding and cooperative attitude. The US government's act of violating the Bilateral Textile Agreement is unacceptable to the Chinese government. We strongly demand that the US government reconsider its decision on cutting back the quota, so as to avoid that the problem of illegal transit of textiles affect Sino-US trade relations. If the US government insists on its deduction decision, the Chinese government will reserve its right to take further action. By PD Online staff member Du Minghua |
| People's Daily Online --- http://english.peopledaily.com.cn/ |