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BEIJING, May 7 (Xinhuanet) -- Chinese Trade Minister
Bo Xilai called for the European Union (EU) not to exaggerate the textile issue
in his meeting with EU's Trade Commissioner Peter Mandelson in Paris, according
to the Ministry of Commerce Saturday.
In their meeting on Thursday, Bo
stressed that limitation on Chinese textile products not only harms China's
interests but also damages the interests of EU importers, retailers and
consumers.
Mandelson said EU attaches importance to its trade
ties with China. China is increasingly strong in trade and manufacturing
industry. The bilateral trade between the two sides has seen rapid growth in
recent years, which is of vital importance to both sides, he added.
At present, some EU member states show concern over a
surge of China's textile exports, Mandelson said, adding that EU will take quick
actions to slow down the surge momentum.
Bo said EU's inquiry of China's nine textile
categories is not abundant in procedure. "The exports increase of some textile
categories does not disorder the importing countries' markets." He said.
China is a responsible country and it has taken a
series of measures to control the increase of textile export to EU, Bo said. The
increasing rate began to dropped in March, and it will continue to decrease in
the next few months, he said.
Bo said China and EU will celebrate the 30th
anniversary of the establishment of bilateral ties on May 8. Last year, the
bilateral trade volume reached 177.3 billion US dollars. EU has surpassed the
United States to become China's first trade partner. EU has also for the first
time become China's first trade partner in high technology.
In the past ten years, China imported 330 billion
worth products from EU, Bo said, adding that China will import 1,000 billion
worth of products from EU in the next ten years.
Bo noted Sino-EU textile trade only takes 7.1 percent
of the bilateral trade. China and EU are compatible in textile trade. China not
only exports textiles and dress to EU, but also imports EU's textile materials.
Bo and Mandelson agreed to enhance consultation on
the textile issue and find the best way to settle the issue.
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