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China, US discuss textiles in Beijing
(Agencies)
Updated: 2005-07-11 10:16
On Friday, China and the United States held "pragmatic" talks on resolving
their dispute over textile exports and agreed to further contacts, the Commerce
Ministry reported in a brief statement on its Web site, www.mofcom.gov.cn.
U.S. and Chinese officials have been trying to negotiate a deal on textile
trade since Washington imposed quotas on certain categories of Chinese textiles
in May.
China and the European Union reached a deal on textiles
and clothing centerd on a similar dispute in June.
Customers look at cloth in a market in Nanjing
July 9, 2005. [newsphoto] |
China's strong export growth in recent months -- higher than 30 percent --
has bolstered critics who say China is keeping the value of the yuan, pegged
near 8.28 to the dollar, too low, giving its exports an unfair advantage.
The JCCT meeting comes one day after Secretary of State Condoleezza Rice met
Chinese leaders in Beijing with six-party talks on North Korea's nuclear program
topping the agenda.
Trade ministers from some 30 World Trade Organization countries gather in
China's northern coastal city of Dalian this week to discuss a global pact to
lower trade barriers and boost economies in poorer countries.
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