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BEIJING, May 9 -- An EU commission delegation is due
to arrive Beijing this week to find a solution to the textile issue, says EU
Trade Commissioner Peter Mandelson.
Mandelson believes the current friction on textiles between the two economies will not lead to "any sort of diplomatic break or trade war between the European Union and
China."
"I'm not going to take any action that is
precipitate, that is reactionary, that is going to turn the clock back on
textile imports," he said.
His remarks were made last week when he met China's
Minister of Commerce Bo Xialai, who is on a visit to France.
Mandelson acknowledged that measures adopted by China
this year had helped to slow down the growth rate of its textile exports to the
European Union.
At the meeting Bo warned the European Union not to
exaggerate the trade friction concerning textiles.
He said Sino-EU textile trade only accounted for 7.1
per cent of bilateral trade, which stood at US$177.3 billion last year.
Bilateral textile trade saw a slight increase in
proportion to 8.6 per cent of the total trade volume in the first quarter this
year, despite the surge blamed by European countries.
"The export surges of textiles from China do not
disorder the markets of target countries," Bo said.
Therefore, Bo said, moves by the European Union and
the United States to re-impose quotas on textile imports from China were not
obvious.
The minister added limitations on China's textiles
would harm not only the interests of China but also of importers, retailers and
consumers of Europe.
"China and the European Union are complementary in
textile trade as the country not only exports textiles to the EU but also
imports materials and equipment for it," Bo said.
The United States and European countries had voiced
fears before the global removal of import quotas that made-in-China textiles
might flood their markets.
Tensions intensified when the United States and the
European Union, at the request of domestic textile producers, initiated
investigations into safeguard measures against textiles from China last
month.
(Source: China Daily) |