China Announces First Bidding for 2006 Textile Quotas for Export to U.S. to Begin December 6, 2005
The Hong Kong Trade Development Council (HKTDC) has issued a notice announcing that the Chinese Ministry of Commerce's Textile Quota Bidding Committee has issued a Notice on the First Bidding for 2006 Textile Quotas for Export to the U.S. According to HKTDC, bidding for such quotas is set to begin on December 6, 2005.
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
The following are highlights of information provided by HKTDC regarding this first bidding:
Amount available for bidding in 2006. The total amount available for bidding in 2006 will be 30% of the agreed export volume, with the first bidding covering 60% of this total.
First bidding to take place between December 6 -8, 2005. The first bidding will take place between 08:00 on December 6, 2005 and 24:00 on December 8, 2005. Closing time for submitting bids is 24:00 on December 8, 2005 and the time for opening the bids is 10:00 on December 9, 2005.
Bidding to be conducted electronically. Bidding will be conducted electronically at www.ec.com.cn, a Web site that is available in both Chinese and English.
Eligibility to submit bids. Any enterprise meeting the qualifications for conducting export under the Implementing Rules for the Bidding of Textile Export Quotas (Implementing Rules), registered with the industrial and commercial administration departments, and with global export performance in relevant categories between January and September 2005 is eligible for submitting bids. Details of the Implementing Rules are available in Chinese at http://wms.mofcom.gov.cn/aarticle/ztxx/ac/al/200509/20050900413739.html
Information on bidding process, etc. Details of the bidding process and the list of enterprises passing the preliminary examination are available in Chinese at http://wms.mofcom.gov.cn/aarticle/ztxx/ac/al/200511/20051100879885.html.
HKTDC notice (dated 11/28/05) available athttp://www.tdctrade.com/sme/newsflash/smeflash051128.htm