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US to be prudent on textile safeguards
By Liu Weiling and Jiang Wei (China Daily)
Updated: 2005-07-12 05:44
Although China and the United States failed to reach an agreement on their
textile row yesterday at the 16th Joint Commission on Commerce and Trade, the US
side has promised to be prudent when applying safeguards against Chinese textile
exports.
Vice-Premier Wu Yi is flanked by US Commerce
Secretary Carlos Gutierrez (left) and Trade Representative Rob Portman, as
they attend the Joint Commission on Commerce and Trade yesterday.
[Xinhua] | Both sides also expressed their
intention to conduct "pragmatic" consultation as soon as possible on the thorny
issue.
"We will continue to consult with Chinese officials any time on this matter,"
said US Commerce Secretary Carlos Gutierrez at a press conference after the
meeting.
Two rounds of technical-level consultations had been held prior to
yesterday's meeting, in an effort to find solutions to the textile dispute. The
US has applied special safeguard import quotas on seven categories of Chinese
textile exports since late May although the global system on textile quotas was
abolished on January 1.
However, despite the textile impasse, both sides still regarded the meeting
as fruitful, reaching consensus on a wide range of hot topics, in particular
protection of intellectual property rights (IPR) and agriculture.
The two sides agreed to establish a joint committee to deal with cross-border
IPR violations, a co-operation mechanism for protecting copyright of films, a
dialogue mechanism between securities watchdogs and a joint working group for
tourism co-operation.
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