Textile quotas had been removed among WTO contributors at the first day of 2005 in accordance with the Agreement on Textiles and Clothing (ATC). However, resistance to quota elimination spread in the US and EU. Subsequently, China reached agreements with the EU and the United States in June and November 2005 respectively. The China-US agreement, powerful from January 2006, governs the exports of a total of 21 corporations involving 34 categories of Chinese textiles and clothing products to america during 2006-2008. The China-EU settlement, effective from June 2005, covers 10 categories of Chinese textiles and garb exports to the EU all through 2005-2007.
On the alternative hand, the mainland and Hong Kong agreed in October 2005 to further liberalise the mainland market for Hong …