Interviews
China-EU smoke peace pipe over textile trade dispute
11 Jun '05
2 min read
Reflecting China's insistence for a dialogue and a demonstrable EU's sincerity at settling the trade dispute, both parties vowed in the newly reached agreement to clear the clouds over future textile disputes through "timely consultation" and avoid any "one-sided action and trade conflict".
Meanwhile, the bilateral China-EU trade volume touched US $177.3 billion, which is 74 times that, 30 years back. Even the EU overtook the United States to become China's largest trade partner and China's textile exports to EU last year stood at $10.79 billion, which is six percent of the total trade volume.
Mandelson had advocated the need to "manage change and adjustment, rather than to manage trade," preferably through a negotiated settlement which was today realised to the satisfaction of both the parties.
Meanwhile, the bilateral China-EU trade volume touched US $177.3 billion, which is 74 times that, 30 years back. Even the EU overtook the United States to become China's largest trade partner and China's textile exports to EU last year stood at $10.79 billion, which is six percent of the total trade volume.
Mandelson had advocated the need to "manage change and adjustment, rather than to manage trade," preferably through a negotiated settlement which was today realised to the satisfaction of both the parties.
Popular News
Leave your Comments
Editor’s Pick
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
