EU Trade Chief Peter Mandelson calls China for textile talks
25 May '05
1 min read
the surging chinese textiles imports in its member countries has brought the european union on the brink of imposing quotas following recent us action to that effect.
european commission chief spokeswoman francoise le bail announced at the news conference that the trade commissioner peter mandelson had given a go ahead for formal consultations with china.
confabulations between the chinese and the eu trade officials have been on for quite some time now, but today's announcement carries portent signs of imminent action to follow, by the eu.
the commission is expected to go in for talks with china on may 31, and following a disagreement; a 15-day mandatory countdown for pushing the quotas on chinese textiles will begin, then.
germany, spain, italy and other member countries who felt their local textile and apparel industries was reeling under the unstoppable imports of cheap chinese textiles have already sung in chorus for imposition of trade restrictions to save their indigenous industries.
-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)")
