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Latest Business News

EU Trade Ministers Back Probe Into Imports

Monday, April 25, 2005 12:02:22 PM
By CONSTANT BRAND

LUXEMBOURG (AP) - European Union trade ministers on Monday backed a full investigation into allegations that cheap textiles and clothing from China were flooding the EU market, but disagreed on imposing fast action to block imports.

Luxembourg Deputy Foreign Minister Nicolas Schmit, whose country holds the EU presidency, said all 25 trade ministers backed the launch of a 60-day investigation by the European Commission to see whether the cheap imports were disruptive.

"We have to deal with this urgently. We don't exclude safeguard measures," he told reporters.


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