July 25, 2003
China Safeguard Petitions Filed
A united textile and fiber industry coalition comprised of 14 major trade associations, of which ASI is a part, announced during a July 21 press conference the sending of a letter to the Committee for the Implementation of Textile Agreements (CITA) filing China safeguard petitions.
The textile China safeguard was sold to Congress and the U.S. textile, fiber and apparel industry as a crucial component of China?s accession agreement into the World Trade Organization (WTO). It may be implemented if the U.S. market is disrupted to the point where the orderly development of trade is threatened. Coalition representatives indicate that the market in not merely threatened, it is under an unprecedented attack from a flood of illegally subsidized Chinese imports.
Chinese imports in the four areas addressed in the petition have increased 920 percent over the past 17 months, from a 5-percent market share to a 32-percent share after quotas were lifted.
CITA will decide whether to invoke the special textile China safeguard.
Staff contact: Peter Orwick, ext. 33.