The Chinese Ministry of Commerce annouced 8 meatures as "the initiative" to guarantee the smooth transition to the age of textile integration following the removal of textile quotas.

--- Duties levied on some Chinese textile exports;

--- Information service by governments at various levels to channel exports

--- Warnings against risks of overheating investment and replicated investment on the textile industry;

--- More incentives to businesses to launch the strategy of overseas investment and cooperation and participation into the economic globalization;

--- A bigger role of intermediaries;

--- Promotion of standard systems such as ISO9000 and ISO14000;

--- Trade promotion measures to prop up brand building and R&D investment;

--- Bilateral or multilateral talks between government of different countries and dialogues between industrial societies and enterprises to improve mutual communication and understanding and facilitate cooperation

China declared the plan of increased taxes on textile exports on December 12. US and EU are concerned about the prospect of rapid market expansion of Chinese textile products when the quotas are lifted. China announces increased export tariffs on textiles

An article in Financial Times today says US manufacturers doubt the effect of China's voluntary textile export duties and still threaten "new quotas".

Uncertainties of the world textile market are overshadowing the way ahead for Chinese textile exporters. They are repeatedly urged to turn out high value-added products, be innovative and regulate their operation.

The Ministry of Commerce stressed the significance of common development while protecting the legitimate interests and rights of enterprises.

By People's Daily Online