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government-trade

Federal Register to Spell Out Quota Slashes

WASHINGTON -- Quotas on Chinese-made sweaters, knit shirts, cotton trousers, underwear and shop towels will be cut 35 percent under new government limits, while all other apparel categories will be cut 25 percent, according to a Federal Register...

WASHINGTON — Quotas on Chinese-made sweaters, knit shirts, cotton trousers, underwear and shop towels will be cut 35 percent under new government limits, while all other apparel categories will be cut 25 percent, according to a Federal Register notice slated to appear today.

The cutback will equal 465 million square meter equivalents, with an estimated value of $1.2 billion — about the same as all textile and apparel imports from the Phillipines, according to Clint Stack, president of International Development Systems.