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China, EU trying to resolve textile crisis
By Jiang Wei (China Daily)
Updated: 2005-08-24 05:54
China and the European Union (EU) will start negotiations in Beijing tomorrow to resolve the ongoing textile crisis, according to a senior official of China's Ministry of Commerce.
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| A foreign buyer checks out Chinese textiles at an international apparel exhibition in Shanghai yesterday. China and EU will soon start negotiations in Beijing tomorrow to resolve the ongoing textile crisis. [newsphoto] |
"A major issue is to find a solution for Chinese textile products detained at EU ports," Lu Jianhua, Director of the Foreign Trade Department of the ministry, said yesterday.
According to statistics published on Monday by EU Customs, Chinese T-shirts, bras and flax yarn have hit the ceiling of quotas set for this year following sweaters, trousers and blouses. The quotas for bed-sheets and one-piece dresses are also expected to be exhausted in a few days.
Shiploads of Chinese textile products are piled up at EU borders because they have not been allowed entry to the market.
Lu explained that the first task before the two sides was to ascertain the quantity of textiles and garments blocked by EU Customs; and any progress would depend on the figures.
One solution might be for the EU to allow the products to enter its markets using quotas from next year, said a source from the China Chamber of Commerce for Import and Export of Textiles.
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