An interim regulation governing the mainland's textile exports will soon be drawn up by the Ministry of Commerce, says the deputy chairman of the China Textile Import and Export Association, Cao Xinyu . The regulation would spell out methods for the management of textile exports and how export licences would be issued. The Hong Kong China News Agency said export licences would be issued according to the type of products the companies produced, where they were located and what category they fell into. The European Union and Beijing have agreed to limit annual growth of textile exports to between 8 and 12.5 per cent in the next three years. Mr Cao said the amount of textile exports over a 14-month period ending a full year before the restriction was imposed would be used as a baseline figure. 'The new regulation will not just apply to the EU but also countries and regions which have taken unilateral action against Chinese textile exports,' the report said, in an indirect reference to America.