BEIJING, China (UPI) -- The Sino-U.S. textile agreement has gone into effect, imposing quotas on 21 types of clothing and textiles from China by 2008.
After seven rounds of talks, the United States and China signed a three-year agreement on textile trade in November, clearing a major obstacle to bilateral trade, the news agency Xinhuanet said Tuesday.
The agreement provides for a progressive increase in imports of major Chinese textiles and apparel products -- by 10 to 15 percent this year, 12.5 to 16 percent in 2007 and 15 to 17 percent in 2008.
Meanwhile, 10 kinds of Chinese textile and apparel products exported to the European Union have also been put under quota restrictions.
