The trade statistics 'prove that China was never going to overwhelm the U.S. textile industry or even other overseas suppliers. This reflects what we had predicted previously – that the end of the quota system would not lead to a huge surge in imports to the U.S. market,' said Laura E. Jones, executive director of USA-ITA.
The trade figures show a shift among textile suppliers that 'reflects mainly changes within Asia more than a major shift from other regions of the world to China,' Jones explained.
Early surges during the first few months of 2005, created by federal officials who administered the textile quotas, 'were simply a self-fulfilling prophecy that could have been avoided,' Jones said. 'I just hope the Bush Administration remembers this when we get near the end of 2008, when the new quota agreement with China expires. The market works, if you let it,' she said.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now