Obama's Position Will Be Unfavorable To China's Textile Exports To The US.

In November 2008, the results of the US presidential election were announced. Obama, the Democratic presidential candidate, was elected the forty-fourth president. He will be in the White House early next year. The textile industry in the United States is deeply concerned about Obama's position and predicts that China will lose its textile products to the US in the year.

It is reported that the NationalCouncilofTextileOrganizations (NCTO) of the United States has asked the democratic and Republican bipartisan presidential candidates about six important issues of the US textile industry. In October 29th, Obama replied to the six topics and outlined the following: 1.. From January 1st to January 1st, the possibility of implementing the monitoring system after the cancellation of China's textile defense measures: Obama said that after the election, he will take a monitoring mechanism on Chinese textiles to ensure that China has not violated the relevant laws and regulations.

(2.) support for the rules of origin in free trade negotiations: Obama supports the preservation of the "yamforward" rules of origin in the free trade agreements.

(3.) support the provisions in the Berri amendment (BerryAmendment) concerning the purchase of American made textiles: Obama supports the "Berri amendment" in the US Department of defense military clothing accessories only to purchase "American made" textiles specifications.

(4.) against China's manipulation of currency manipulation: Obama believes that China's huge trade surplus is directly related to China's manipulation of the RMB exchange rate.

Huge trade imbalances, which are disadvantageous to the US and global economy, will also create problems for China itself.

The canal stresses that China will put pressure on China through various diplomatic channels, so as to urge China to change its exchange rate and related policies so as to reduce the dependence on China's exports and expand domestic demand to promote economic growth.

(5.) strengthen the implementation of trade: Obama said that it would implement and give the US Trade Representative (USTR) more resources to enhance the execution of trade.

In addition, the canal will timely adopt the recommendation of the 421st clause of the US trade law, taking the initiative to consider launching special defensive measures for Chinese goods.

(6.) the textile problem in the Duha Round negotiations: Obama did not respond to this question. However, the industry believes that it is not yet to be seen whether the issue of whether the WTO member states agree to grant tariffs or quota free treatment to all textile and garment products in the two low development countries of Bangladesh and Kampuchea will be supported by the United States, which may pose a threat to African and central and South American countries which rely on garment exports.

The US trade deficit with China reached 256 billion 200 million US dollars in 2007, of which the amount of garments and other textile imports had exceeded US $30 billion. Before NCTO, the Bush administration asked the Chinese government to adopt a monitoring system to prevent Chinese textiles from pouring into the United States at the end of the US quota system for textile products, threatening the US textile industry.