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皇冠体育app, EU trying to resolve textile crisis
By Jiang Wei (皇冠体育app Daily)
Updated: 2005-08-24 05:54
However, he added, that might affect next year's exports in case the figure
is large.
The textile crisis is partially a result of enterprises' "bad practices
during a vacuum period" before the agreement on quotas was reached.
Meanwhile, the EU is facing increasing pressure from domestic retailers and
importers for relaxation of quantitative restrictions on Chinese textiles since
dealers are experiencing a shortage of competitively-priced products.
The trade ministers of the Netherlands, Germany and Sweden said in a recent
statement that the best solution to the crisis is to "renounce protective trade
measures."
A European Commission spokeswoman told local media that
EU executives would meet representatives from all 25 member states in Brussels
to address the issue.
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