China, EU talks on textile disputes "frank": Bo (Xinhua) Updated: 2005-06-10 21:19
The cynosural talks between Chinese Commerce Minister Bo Xilai and European
Union (EU) Trade Commissioner Peter Mandelson were still going, said Bo.
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Commerce Minister Bo Xilai (L) shakes hands with the European Trade
Commissioner Peter Mandelson as they arrive for trade talks at the Xijiao
State Guesthouse in Shanghai, China, June 10, 2005. Mandelson, in Shanghai
for last-minute talks with China over its surging textile exports, warned
on Friday that the European Union would take action if no deal was
reached. [Reuters] | Bo, emerging from the conference room after talking with visiting Mandelson
for some four hours, told reporters that both sides were very "frank" in the
conversation and still discussing " technical specifics".
Earlier this week, Mandelson rejected a return to the quota system for
textiles, saying his policy is based on the need to " manage change and
adjustment, rather than to manage trade" -- preferably through a negotiated
agreement.
The EU, which claimed that textiles imports from China have substantially
increased this year after the elimination of global quota on Jan. 1, 2005,
announced late last month to take safeguard measures against some textile
imports from China.
Analysts here noted Friday's talks may result in an agreement which would
prevent the China-EU textile trade dispute from escalating.
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