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Newsletter: October 2007
EU will Not Renew Restrictions
on Chinese Textile Imports
The office of EU trade commissioner Peter
Mandelson has decided not to renew restrictions on Chinese textile imports
imposed in 2005.
It informed the Italian government on Sept
10 2007 that there is no leeway for an agreement
with China to prolong the restrictions, and quotas on Chinese imports
will be removed Jan 1 2008.
The EU commission will, however, set up with
China a system to monitor imports.
Textile-producing nations Italy, France and Spain
had asked the commission to maintain import restrictions for at least
another year.
On the other hand, the US
safeguard quotas on 34 individual categories (21 combined categories) of
Chinese apparel and textiles are set to expire on December 31, 2008.
Because of better quota allocation and due to growing concerns over Vietnam,
a number of quota categories could possibly fill and embargo before the end
of this year. |