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Friday, December 31, 2004
LISTEN TO STORYTextile quotas at an end?
The decades-old system of imposing quotas on textiles and clothing imported from China is due to expire tomorrow. U.S. retailers are looking forward to the relaxed rules because it will make it cheaper for them to import their clothing. However, domestic textile manufacturers fear cheaper Chinese products will flood the market. Marketplace's Scott Tong explains.
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