TENENBAUM URGES BUSH TO RECONSIDER TEXTILE QUOTA DECISION
COLUMBIA, S.C. -- U.S. Senate candidate Inez Tenenbaum today expressed
her disappointment in the Administration's decision not to extend
existing quotas on Chinese textile imports that are set to expire later this year.
"While South Carolina has lost 70,000 jobs in three years, China's
textile industry is booming, now accounting for 21 percent of textile
imports into the U.S.," Tenenbaum said. "Without a limit on these
imports, China will quickly become the largest fabric supplier in the
world, costing even more jobs for hard-working families in South
Carolina."
"I urge the Bush Administration to consider the impact on South Carolina workers and reconsider its decision to let these quotas expire," Tenenbaum said.
As part of her 10-point "South Carolina Works" jobs plan, Tenenbaum has vowed to get tough on China, which has consistently undermined fair trade rules. She would extend the existing quotas until 2008, or
perhaps indefinitely; insist that China let its currency float in the
open market; and halt China's illegal transshipment of goods through
countries such as Vietnam and Mexico.
NOTE:
A story from today's New York Times on this issue is below.
June 10, 2004
White House Shuns Role on Textile Quotas
By ELIZABETH BECKER
ASHINGTON, June 9 - More than 130 Republican and Democratic members of
Congress asked President Bush on Wednesday to persuade the World Trade
Organization to delay the phase-out of a global quota system on textiles and garments.
The administration swiftly rejected the request, which would mean
breaking a 10-year-old global agreement to end the quotas on Jan. 1,
2005.
Ending the quotas could lead to a wide-ranging realignment of the
industry and spell disaster for textile and apparel industries in dozens of nations, including those in the United States, according to officials of the American textile and apparel manufacturing industry.
Textile industries that were established in poor countries to take
advantage of special quotas given by the United States or Europe are
among those that the officials said would be threatened by the loss of
special access to those huge markets.
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