China has agreed to limit its textile exports to Brazil, according to the Brazilian Trade Ministry. The agreement to be signed in Beijing between Brazil's Trade Secretary Ivan Ramalho and China's Trade Vice- Minister Gao Hucheng, will set quotas for eight types of Chinese textile exports to Brazil, accounting for 60 percent of Brazil's textile imports as mentioned in the ministry's web site. Under the agreement, Chinese exports of silk, for example, can't grow more than 9 percent in 2007 and more than 70 percent in 2008, the
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A spokeswoman for Brazil's Trade Ministry said all officials able to comment on the agreement are in China. ``The agreement wasn't ideal but we considered it positive since it affected eight category of products that have suffered a lot with Chinese imports in the past year,'' said the Brazilian Association of textile Makers in a statement sent by e-mail. Brazilian imports of textiles from China, the world's fastest growing economy, rose five-fold in the past three years to $149 million in 2005 from $28 million in 2002, according to Brazil's trade ministry. 
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