Advanced Search
Business | Metro | Nation | World | Sports | Features | Specials | Delta Stories
 
 
Rules on quota application issued
21/6/2005 9:34

The Chinese Ministry of Commerce published rules on applications for textile export quotas, according to a circular on its official Website.
Textile firms exporting to "countries or regions that impose limitations on Chinese textile exports, or to those that have temporary quantity limitations on Chinese textiles" should apply to regulators for export licenses from July 20, the circular said. China will limit annual export growth of 10 textile products to the European Union to between 8 percent and 12.5 percent through 2007 as part of an agreement reached between the world's two biggest clothing exporters. The nation's clothing exports rose 17.2 percent to US$24.4 billion in the first five months of the year, according to customs statistics. Shipments of yarn and knitted items surged 23 percent to US$15.5 billion.



 Shanghai Daily/Agencies