China, US discuss textiles in Beijing
(Agencies)
Updated: 2005-07-11 10:16

On Friday, China and the United States held "pragmatic" talks on resolving their dispute over textile exports and agreed to further contacts, the Commerce Ministry reported in a brief statement on its Web site, www.mofcom.gov.cn.

U.S. and Chinese officials have been trying to negotiate a deal on textile trade since Washington imposed quotas on certain categories of Chinese textiles in May.

China and the European Union reached a deal on textiles and clothing centerd on a similar dispute in June.

Customers look at cloth in a market in Nanjing July 9, 2005. [newsphoto]

China's strong export growth in recent months -- higher than 30 percent -- has bolstered critics who say China is keeping the value of the yuan, pegged near 8.28 to the dollar, too low, giving its exports an unfair advantage.

The JCCT meeting comes one day after Secretary of State Condoleezza Rice met Chinese leaders in Beijing with six-party talks on North Korea's nuclear program topping the agenda.

Trade ministers from some 30 World Trade Organization countries gather in China's northern coastal city of Dalian this week to discuss a global pact to lower trade barriers and boost economies in poorer countries.

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