China Travel & Tourism News
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China's MOC issues regulations on bid for textile export quota
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20-Sep-2005 - People's D |
China's Ministry of Commerce ( MOC) recently promulgated detailed regulations on the bidding system for a part of the textile export quota in 2006. A special committee under the MOC is in charge of the textile quota bid invitations. Any registered and qualified enterprise with an export license and an export record in the bid category is eligible to join the bid process, the regulations say. Bid participants may decide bid on their own, but the special committee in charge of bid invitations may publicize a minimum bid price, according to the regulations. The committee will set differentiated quantitative bid limits for various enterprises according to their export scales, and exports left over will be distributed through another bid process or handled by some other means, the regulations say. After China and the European Union reached a consensus on their textile trade disputes after ten-hour-long closed-door talk in Shanghai in May, China resumed export licensing for textiles to the European Union on June 19, only six months after it canceled the export quota, aiming to change the growth mode of the industry and stabilize the export order. Once China and the United States reach a consensus on trade management cooperation, China will resume temporary export licenses for textile goods to the United States as well, Lu Jianhua, director of the MOC's Foreign Trade Department has recently said. |
20-Sep-2005 - People's D |
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