Important EU message for importers & traders on blocked textiles

08 Sep '05

3 min read

On September 7, 2005, Member States endorsed the outcome of the negotiations with China in Beijing on 4-5 September, as reflected in the Agreed Minutes of 5 September, and the Textiles Committee gave its positive opinion to a draft Commission Regulation destined to implement the Agreed Minutes and to unblock as a matter of urgency the goods shipped from 13 July in excess of the agreed levels set out in the 11 June Memorandum of Understanding (the MoU).

The Commission is taking all necessary steps to have the Regulation adopted as a matter of urgency and of the highest priority, and it is expected that it will be adopted very early in the week of 12 September, published in all the 20 official languages the next day, and enter into force the following day, thus enabling from that moment the issuance of the necessary import licences and the release into free circulation of the blocked merchandise.

The Regulation will provide, in substance, the following:

The import levels have been modified to provide sufficient amounts to enable the import of all the blocked quantities (estimated at 87 m pieces at the time of signature of the Minutes).

In implementation of the Agreed Minutes, half of these amounts will be unblocked by different transfers agreed with China: transfer of agreed quantities from 2006 into 2005 in categories 6 and 31 to clear totally the pending goods, as well as partially (up to 5 % of the 2006 level) for category 5; for the other categories and for the rest of the amounts needed for category 5, the amounts will be transferred from the 2005 quantities of category 2.

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