Euratex expresses disappointment over EU-China textile deal
06 Sep '05
2 min read
Euratex president Filiep Libeert voiced serious disappointment and disquiet at the outcome of the discussions between EU Trade Commissioner Peter Mandelson and his Chinese counterpart in Beijing on 5th September.
He pointed out that the fundamentals of the situation had not changed in the period since June 10th, 2005 when the original agreement was signed, and that there was therefore no justification for further compromise outside the scope of the June agreement.
“Industry cannot be placed in a position where the validity of important trade agreements is constantly subject to question” stressed Mr Libeert. “The intention of the June agreement was to place known limits in 2005, 2006 and 2007 on surging Chinese exports in ten product categories.
They see that China is being gifted substantial additional volumes which, for example, double the quantities available in 2005 in respect of pullovers. This will further handicap EU producers in their efforts to survive in the face of predatory Chinese prices. Industry in Europe will again pay the price in company closures and job losses if this deal is endorsed by Member-States” he added.
Belgium based EURATEX acts on behalf of the European textile and clothing industry with European institutions on matters of common interest, relating to decisions or legislation affecting the industry. The subjects concern principally commercial and industrial policies, research and innovation, environmental and social issues.
-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)")
