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Latest Business News

EU States Discuss Deal to Unblock Textiles

Tuesday, September 06, 2005 1:51:15 PM
BY AOIFE WHITE

Its business as usual at a local textile factory as workers put together garments on the outskirts of Beijing Tuesday, Sept. 6, 2005. Officials from the 25 EU governments met Tuesday to approve a deal with China to unblock some 77 million garments held up at European borders after Chinese textile imports broke through 2005 quota limits. (AP Photo/Elizabeth Dalziel)BRUSSELS, Belgium (AP) - Officials from the 25 EU governments met Tuesday to consider a deal with China to unblock some 77 million garments held up at European borders after Chinese textile imports broke through 2005 quota limits.

They will meet again Wednesday to approve the deal but the final word to release the goods will not come until early next week.

EU Trade Commissioner Peter Mandelson and Chinese Commerce Minister Bo Xilai agreed Monday to allow half of the excess garments into the market outside quota rules, and half to be counted against limits for this year and next year.


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