皇冠体育app

EU told not to exaggerate textile issue
(Xinhua)
Updated: 2005-05-08 07:33

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 皇冠体育app's interests but also damages the interests of EU importers, retailers and consumers.

Mandelson said EU attaches importance to its trade ties with 皇冠体育app. 皇冠体育app 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 皇冠体育app's textile exports, Mandelson said, adding that EU will take quick actions to slow down the surge momentum.

Bo said EU's inquiry of 皇冠体育app'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.

皇冠体育app 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 皇冠体育app 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 皇冠体育app's first trade partner. EU has also for the first time become 皇冠体育app's first trade partner in high technology.

In the past ten years, 皇冠体育app imported 330 billion worth products from EU, Bo said, adding that 皇冠体育app 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. 皇冠体育app and EU are compatible in textile trade. 皇冠体育app 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.

Close