China and the EU agreed
The agreement defines the size of the growth of Chinese textile imports to the EU, signed on Saturday night in Shanghai.
Told reporters in Shanghai, EU Trade Commissioner Peter Mandelson, the period up to 2007 inclusive will be stable transition and since 2008 the European market will be fully open for the Chinese textile products. Chinese representatives in this regard stated that the agreement creates the conditions for a stable export Chinese textile products to the EU. On the quantitative growth of Chinese textile imports were announced.
During the negotiations, it was stressed that the EU imports of Chinese textile products is an important part of trade between the two sides in the future to avoid unilateral creation of obstacles, and all issues should be resolved through consultation, said Mandelson. The agreement was the result of the past in Shanghai on Friday, ten-Mandelson talks with the Minister of Commerce Bo Xilai, according to the Details.
Chinese Minister in connection with the signing of the agreement stated that the Chinese government welcomes the EU and the sincerity of his efforts to address the problems of the textile through consultation. Bo Xilai said that some countries are seeking to solve similar issues unilaterally. 23 May 2005 the European Union imposed restrictions on imports of certain Chinese textile products, which caused a sharp protest from China.
Before that restrictive measures on imports of textiles from China entered the United States. Held in Beijing on June 4 Bo Xilai talks with U.S. Secretary of Commerce Carlos Gutierrez did not lead to concrete results.
