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China, EU continue talks on textile pile-up
www.chinaview.cn 2005-08-26 10:12:07

    BEIJING, Aug. 26 (Xinhuanet) -- China and the European Union enter second day of negotiations in Beijing to solve the issue of Chinese textile products piling up in EU ports.

    The two delegations opened talks here Thursday afternoon. Therewere no details available on what had been achieved in Thursday's talks.

    After the ending of Thursday's talks, the Ministry of Commerce released a statement, saying that the two sides have "earnest talks."

    The ministry said in the statement that the Chinese side expressed its concern over the textile products blocked at the customs in EU countries, while the EU side said the products stranded are not in the interests of EU traders and consumers.

    China and the EU reached an agreement last June, setting new quotas on ten categories of textile products from China. But the quotas have been filled rapidly as many EU importers and retailers had ordered large quantities of goods from China several months before the new quotas were set.

    Statistics from the ministry shows that China's total textile exports to the EU were valued at 2.1 billion US dollars in June when the two sides signed a textile memorandum of understanding, up 85 percent year-on-year.

    The textile export to EU plummeted in April and May when EU and the United States announced to adopt restrictive measures. Enditem

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