China Wants to End Textile Row
China’s commerce minister said on Friday he was confident of solving a trade row with the European Union that has led to the pile-up of 75 million Chinese garments and cast a shadow over a bilateral summit next week.
The bras, sweaters, t-shirts and other goods are held up at customs because they exceed ceilings agreed by the EU and China in June after a surge in Chinese exports led EU textile producers to demand protection.
“Currently the Chinese and the European sides are earnestly discussing this issue. I believe, and I am confident, we will be able to find a solution,” Commerce Minister Bo Xilai told Chinese state television reporters.
Source: CNN.
There are currently no comments on this thread.