Iowa Public Television

 

EU, China Consult on Textiles

posted on May 27, 2005


European Union trade chief Peter Mandelson held talks this week with China's top textile negotiator on the eve of a decision whether to take further action to contain the surge in Chinese textile exports.

Despite assurances that the EU did not want to revert to the old system of sustained quotas on Chinese textiles, its head office is expected to launch bilateral consultations that could pave the way for restrictive measures against Beijing.

Last week, China announced new tariffs on its surging textile exports in a concession aimed at easing a clash with the United States and Europe over the textile trade. If the EU moves to impose protective measures, China likely is to withdraw its tariffs.

Like the U.S., the 25-nation EU claims its textile industry has been seriously hurt by the opening of its market to Chinese exports.


Tags: China European Union news trade