AGL 40.52 Increased By ▲ 0.49 (1.22%)
AIRLINK 133.55 Increased By ▲ 4.24 (3.28%)
BOP 6.90 Increased By ▲ 0.10 (1.47%)
CNERGY 4.59 Decreased By ▼ -0.05 (-1.08%)
DCL 8.86 Increased By ▲ 0.23 (2.67%)
DFML 41.47 Increased By ▲ 0.52 (1.27%)
DGKC 85.60 Decreased By ▼ -0.14 (-0.16%)
FCCL 33.02 Increased By ▲ 0.02 (0.06%)
FFBL 69.05 Increased By ▲ 2.52 (3.79%)
FFL 11.46 No Change ▼ 0.00 (0%)
HUBC 110.25 Decreased By ▼ -0.33 (-0.3%)
HUMNL 14.63 No Change ▼ 0.00 (0%)
KEL 5.41 Increased By ▲ 0.17 (3.24%)
KOSM 8.39 Increased By ▲ 0.28 (3.45%)
MLCF 40.06 Decreased By ▼ -0.01 (-0.02%)
NBP 61.10 Increased By ▲ 0.59 (0.98%)
OGDC 198.25 Increased By ▲ 2.78 (1.42%)
PAEL 27.40 Increased By ▲ 0.30 (1.11%)
PIBTL 7.69 Increased By ▲ 0.05 (0.65%)
PPL 159.64 Increased By ▲ 3.82 (2.45%)
PRL 27.40 Increased By ▲ 0.03 (0.11%)
PTC 18.74 Increased By ▲ 0.18 (0.97%)
SEARL 84.65 Decreased By ▼ -0.45 (-0.53%)
TELE 8.42 Increased By ▲ 0.52 (6.58%)
TOMCL 35.15 Increased By ▲ 0.27 (0.77%)
TPLP 9.20 Decreased By ▼ -0.02 (-0.22%)
TREET 16.85 Increased By ▲ 0.04 (0.24%)
TRG 65.80 Increased By ▲ 2.94 (4.68%)
UNITY 27.90 Increased By ▲ 0.15 (0.54%)
WTL 1.31 Increased By ▲ 0.01 (0.77%)
BR100 10,299 Increased By 115.1 (1.13%)
BR30 31,773 Increased By 370.3 (1.18%)
KSE100 96,666 Increased By 809 (0.84%)
KSE30 29,920 Increased By 237.4 (0.8%)

China has urged the US government not to limit imports of Chinese cotton trousers, warning such moves would violate WTO principles of free textile trade and hurt trade relations. The Ministry of Commerce said during the weekend it "opposed" the US decision last week to accept a petition by the US textile industry and consider imposing quotas on imports of Chinese-made pants.
The application was the second move targeting Chinese textile products within a week. China fears the US will repeat similar action it took recently against Chinese socks.
"The Chinese government ... reserves the rights to take further actions under the framework of the World Trade Organisation," the ministry's spokesman Chong Quan said in a statement late Saturday.
"This will severely frustrate the Chinese confidence in the international trade environment after its WTO accession and also harm the interests of US cotton growers, consumers, importers, fabric machinery makers and US investors in China," Chong said.
The Chinese government urges the US government to handle such cases "cautiously" and "amend its errors" to avoid damaging Sino-US trade relations, Chong said.
The US government decided in October Chinese imports of socks were disrupting the US market and that the one-year-maximum cap of 7.5 percent in import growth would start as soon as the United States sought talks with China on the dispute.

Copyright Agence France-Presse, 2004

Comments

Comments are closed.