How will the new Bilateral Quota Agreement affect trade actions against Chinese textile and apparel products?
Schroth: Notwithstanding the Bilateral Quota Agreement, we continue to believe that Chinese textile and apparel products will be targeted by antidumping actions by competing U.S. industries. First, antidumping actions are highly disruptive and effective barriers to foreign trade, particularly against China. Second, other U.S. industries that produce agricultural goods (shrimp, garlic, honey, apple juice), consumer goods (candles, wooden bedroom furniture, tissue paper) and steel product (steel wire rope, steel plate, etc.) have very effectively used these cases to stifle Chinese imports. Third, the advent of the Byrd Amendment, whereby U.S. producers can receive back a pro-rata share of the dumping duties assessed against U.S. importers has lead to huge windfalls by petitioners filing these cases. Fourth, the U.S. textile and apparel industry is heavily invested in Latin America and the Caribbean, and they will want to protect these investments from increasing Chinese exports even unde
Related Questions
- How did the global financial crisis affect the bilateral relations between Azerbaijan and Latvia, including the trade turnover between our countries?
- Do Customs Union Members Engage In More Bilateral Trade Than Free Trade Agreement Members?
- Whats the likelihood the U.S. and Malaysia will negotiate a bilateral Free Trade Agreement?
