| US proposes domestic textile industry
to join Congress
With an aim to devise some mechanism to extend
the cap on Chinese apparel import in the country beyond 2009, the
domestic textile industry of Bangladesh has been advised to lobby the
Congress and administration. The proposal was made at a meeting of
officials of Bangladesh Embassy in United States and the American
Manufacturing Trade Action Coalition and the National Council of
Textile Organizations in Washington.
US has imposed quota limit on Chinese clothing
imports to the country in September 2008, as the US market for
brassieres and synthetic fabric is being disrupted by surging Chinese
imports. By imposition of the cap the giant China was allowed to
export no more than 7.5% import of those products to the US market.
However, US are likely to lift the ban before January 2009. Least
developed countries including 'apparel superstars' Bangladesh and
Cambodia, whose textile sector grew on depending different factors,
are also fearing a big blow once the cap is withdrawn by US from
Chinese goods import.
The Bangladesh embassy officials sought
cooperation of the US textile owners to help passage of the NPDA 2007
bill allowing the LDC goods free of duty. US lawmakers and
manufacturers are of the opinion that China's currency policies and
Government subsidies give its exporters an unfair advantage and have
led to a huge US trade deficit with China.
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