JAPAN SILK
June 1st, 2002
Keith Nuthall
THE JAPANESE government has promised to annually increase import quotas for silk from China until 2005, when, under the terms of the World Trade Organisation's Agreement on Textiles and clothing, they will be scrapped altogether. Until then, Japan has promised to widen quotas following consultations with the Chinese government. Its promise followed criticism from the WTO's Textile Monitoring Body for failing to establish in advance new liberalised quotas for imports of Chinese silk yarn and fabric for the 2002 financial year.
THE JAPANESE government has promised to annually increase import quotas for silk from China until 2005, when, under the terms of the World Trade Organisation's Agreement on Textiles and clothing, they will be scrapped altogether. Until then, Japan has promised to widen quotas following consultations with the Chinese government. Its promise followed criticism from the WTO's Textile Monitoring Body for failing to establish in advance new liberalised quotas for imports of Chinese silk yarn and fabric for the 2002 financial year.
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