Veltex Corporation (VLXC)

[texastex]

14 April 2005 - China safeguards would boost US apparel imports from India, Bangladesh, Sri Lanka and Central America.

A US decision to reimpose quotas on apparel from China would boost exports from a small number of low-cost countries, especially in Asia and the Americas.

Since new US limits would be very rapidly filled, US buyers are expected shifting to other sources than China without waiting for the final decision by Washington. Depending on categories, India, Bangladesh but also Sri Lanka and Central American countries could take advantage of the China safeguards.