Textile section welcomes China - EU textile agreement

17 Jun '05

4 min read

Sun Huaibin, spokesman for the China Textile Industry Council emphasized that the agreement of China-EU on textile trade was helpful for relieving trade friction and stabilize trade order, which is much better than trade friction upgrading.

Sun Huaibin said that although restriction in quantity limited growth rate of China's textile export to EU, it broke through regulations of growth rate in Article 242. It made a breakthrough in growth rate and cardinal number, which was a foreseeable prospect for Chinese export to EU before the end of 2007, enabled trade environment of Chinese enterprises to be stable.

Moreover, China and EU improve trade relations through negotiation, which is better than US take "one-side action" to restrict and provide successful experiences and impose pressure for US to deal with China-US textile trade.

Sun Huaibin hoped that Chinese enterprises should fully understand that textiles integration was not absolute liberalization before 2008, it would be restricted by some conditions to some degree. Therefore, export of textile enterprise should keep a reasonable and normal step, and endeavor to set up integration of international textiles trade.

People in charge of China Association of Enterprises with Foreign Investment said that it was a win-win agreement through difficult negotiation between China and EU. We can see through China-EU agreement that during the process of global economic integration and tesome conditions to some degree. Therefore, export of textile enterprise should keep a reasonable and normal step, and endeavor to set up integration of international textiles trade.

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