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Newsletter: February 2003 EU
and Japan to Form Textile
Alliance The
Japanese and EU textile and clothing industries have agreed to form an
alliance to ensure their concerns are kept at the forefront of international
debate on World Trade Organisation market access issues. One of the main outcomes of this wide-ranging
review was the fact that the industries in Europe and Japan, which have very
similar and low tariff levels and markets open to foreign competition, hold
identical views as to the need for all other member countries of WTO to
reduce their textile and clothing tariffs to similar low levels, through a
sectoral approach to the WTO negotiations. The two delegations also called for the removal
of non-tariff barriers to trade, and expressed concern that inadequate
attention was being paid in WTO to the difficulties which a number of least
developed countries would face after 2004. Besides, both parties
share the same rational view to the challenges of international trade in
textiles and clothing after 2004 and the end of the quotas. |