CHINA WTO

Keith Nuthall
THE TRADE in textiles between China and the rest of the world is set to grow sharply, with the agreement being forged to allow Chinese membership of the World Trade Organisation, after 15 years of negotiations.

It means that China has acceded to the Agreement on Textiles and Clothing, being subject to its rights and obligations, including the fact that, as for all WTO members, its quotas on textiles should be scrapped by December 31, 2004. However, there will be a safeguard mechanism in place until the end of 2008, allowing WTO member ...


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