US, China near tough textiles accord 

US, China near tough textiles accord

SAN FRANCISCO, Aug. 18 - The United States and China grew closer to a deal to regulate rocketing volumes of Chinese textile shipments that have exacerbated trade tensions between the heavyweight rivals.

But further talks will be needed to close the deal, David Spooner, the special negotiator for textiles in the US Trade Representative's office, said as a two-day meeting wound down here.

"Both sides are, I think, eager to solve this problem. But both sides say they'd rather take a little more time to reach a good deal rather than a hasty deal," he told reporters.

At least one additional meeting is planned, most likely before the end of the month in China, Spooner said, explaining that both delegations were examining proposals tabled by the other side.

Source:chinaview.cn
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