But because the increases are based on this year’s tightly restricted trading levels, effective shipments under the three-year deal are expected to increase a total of only 3.16 pct above what would have been allowed under the previously imposed 7.5 pct annual cap, the paper said in its online edition.A handful of issues must still be worked out, including details of a plan to release into the US market apparel that was embargoed under the limits imposed earlier this year, the paper said.But those unresolved issues aren’t considered major impediments, the paper said, citing individuals familiar with the deal. The final pact could be signed as early as this week when US Trade Representative Rob Portman visits London and Geneva, the headquarters of the 148-nation World Trade OrganizationUnder the agreement, which takes effect Jan 1, Chinese shipments next year would increase by 10 pct for apparel products and 12.5 pct for textiles, the paper said, citing individuals familiar with the deal. In 2007, US imports would grow for all products by 12.5 pct, except for two categories — fiberglass and thread — in which shipments would increase by 15 pct.For 2008, US imports would grow 15 pct for a special category of eight products deemed sensitive by US producers, including cotton shirts and trousers, bras and underwear. Imports for four products — thread, fiberglass, knit fabric and window blinds — would be allowed to grow by 17 pct. All other categories would be limited to 16 pct growth.
Date:11/7/2005
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