Brazilian Textile and Apparel Industry Association (ABIT) announced that in Beijing, the Brazilian government signed an agreement on the voluntary restriction of Chinese imports into Brazil. The measure satisfies the Brazilian apparel and textile sector's main demands.
The sector has been working for some time in the attempt to reduce predatorily competition between the two countries. Representatives from ABIT? International Area participated directly in the negotiations with China.
ABIT mulls over the agreement signed in Beijing to be positive. The agreement concerns the voluntary restriction of Chinese textile imports to Brazil, thus satisfying the main demands from the country? apparel and textile sector.
'The Agreement was not ideal, but we consider it positive since it satisfied eight product categories that suffered a lot from Chinese imports last year. Another important point is that the text does not eliminate the possibility to use safeguards, at any moment, for all other categories not attended to in this Agreement.?
?t is necessary to underscore the competent work by the team of technicians headed up by Secretary Ivan Ramalho, from the Ministry of Development, Industry and Foreign Trade,?declares Fernando Pimentel, ABIT Director-Superintendent.?BR>
The eight categories involved in the Agreement, in effect until 2008, encompass 70 products inserted in: silk fabrics, texturized polyester filaments, synthetic fabrics, velvet, knit shirts, sweaters, jackets and embroideries.
