China & US Resuming Textile Talks
China and the United States will hold a new round of negotiations on textile trade in Washington during September 26 and 27, the Ministry of Commerce (MOFCOM) announced on Friday.
The new meeting comes after US-Chinese textile talks in Beijing ended late last month without an agreement. The two countries have already had four rounds of negotiations on the issue since June this year.
According to Cao Xinyu, vice-chairman of the China Chamber of Commerce for Import and Export Textiles, there are three principle issues where the two countries have not reached an agreement – product range, calculation base and the growth rate for quotas.
Source: China Daily.
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