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Industry takes aim at China in 2008, NCTO
16 Feb '08
3 min read
This represents an almost 20 percent increase and occurred despite the fact that China is under quota in a large number of products. And in those products where China is not under quota, China has already taken an average 60 percent of the U.S. market.
2007, while a very difficult year for the industry, also provided us with several new tools, in addition to existing trade remedies, with which to address the China issue. This includes a decision by the U.S. government to finally allow companies to file subsidy cases against China, which is clearly the world's largest subsidizer of industry.
NCTO, along with other manufacturing sectors, pushed hard for this change in policy which overturned a 20-year precedent regarding subsidy cases against China.
In this context, an analysis by NCTO shows that there are at least 63 subsidies made available by the Chinese government to China's textile industry. Because of this change in policy regarding China and its subsidies, these subsidies can now potentially be attacked and, indeed, many of them have already been successfully attacked by companies in other sectors, including one case on textile products.
Click here to view more:
2007, while a very difficult year for the industry, also provided us with several new tools, in addition to existing trade remedies, with which to address the China issue. This includes a decision by the U.S. government to finally allow companies to file subsidy cases against China, which is clearly the world's largest subsidizer of industry.
NCTO, along with other manufacturing sectors, pushed hard for this change in policy which overturned a 20-year precedent regarding subsidy cases against China.
In this context, an analysis by NCTO shows that there are at least 63 subsidies made available by the Chinese government to China's textile industry. Because of this change in policy regarding China and its subsidies, these subsidies can now potentially be attacked and, indeed, many of them have already been successfully attacked by companies in other sectors, including one case on textile products.
Click here to view more:
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