China trying hard on textiles, says minister
4/5/2005 10:13
China is making every effort to curb the dramatic rise in exports of textiles
and clothing to rich nations following the abolition of quotas, China's trade
minister said yesterday. Trade Minister Bo Xilai said the results were
already showing. He said growth in China's exports of textiles and clothing
slowed to 3.3 percent year-on-year in March. Exports of textiles and
clothing to the European Union fell 11 percent in the same month. "We want to
soften the shockwave that could be from the rise in Chinese textile exports," Bo
told a news conference in Paris after talks with French Trade Minister Francois
Loos. "It is a temporary phenomenon and this phenomenon will weaken or
disappear." Bo said he was optimistic that a solution can be found to settle
the issue. "China is very aware of the importance of this issue for France and
the European Union," he said. Both the EU and the United States have raised
the alarm over a surge in Chinese textile and clothing imports since the end of
a global quota regime on January 1. The EU has launched an investigation into
nine products. On Monday, the European Union said it wants to work with China's
new international trade negotiator to resolve a dispute over surging Chinese
textile exports. "We want to work closely with Gao Hucheng to reach a
satisfactory solution," EU spokesman Amadeu Altafaj Tardio said. China said
on Sunday it has put Gao, vice minister of commerce, in charge of international
trade disputes. The EU last Friday launched an investigation into imports of
Chinese textiles that could see the bloc re-impose quotas lifted at the start of
this year. That investigation, which is scheduled to last up to 60 days,
includes informal talks with China. China has criticized the moves, saying
they violate rules of the World Trade Organization. Under the EU process,
China, European textile producers, retailers and other interested parties have
21 days from April 30 to submit concerns to the EU trade department. France
has called for the EU to speed up its procedures for introducing safeguard
quotas. The investigation concerns nine categories of clothing and textile
products where the EU says imports have risen up to 534 percent since quotas
were lifted on January 1 under WTO rules.
Reuters/AP
|