CHINESE TEXTILE & APPAREL MONITORING PROGRAM PROPOSED
House Ways and Means Committee Chairman Rangel has asked the International Trade Commission to collect data on Chinese textile and apparel imports, and report this data back to the Committee on a regular basis.
Rangel has asked for this “textile monitoring program” due to concerns that a surge in textile and apparel imports from China would cause market disruption when the U.S.-China Memorandum of Understanding Concerning Trade in Textile and Apparel Products expires on December 31, 2008.
This monitoring program would be similar to the one currently in place for trousers, shirts, sweaters, underwear, and swimwear from Vietnam.
Quotas imposed on certain China-origin textile and apparel goods, pursuant to the U.S.-China Textile Agreement, are scheduled to end on December 31, 2008. Any over-shipments that are exported in 2008 will be subject to staged entry in 2009.
Information on this and other recent developments can be obtained from our technical consulting group.