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Late Breaking News |
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WTO won't discuss
textile quotas, for now
The
World Trade Organization has rejected a call by certain WTO member states,
for a special emergency session to discuss the end of textile quotas from
the start of next year.
The
textile industry has supported an effort to seek a three-year delay for
the end of quotas. The WTO director general, Supachai Panitchpakdi
determined that at this time, there did not exist the required consensus
for such action.
The quota issue was put off until Oct. 1 at an already scheduled meeting
of the Council for Trading Goods, a WTO group that deals with quota
issues.
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