Home>News Center>China

EU warns of new China textile 'disaster'
Updated: 2005-09-12 08:47

Last week's Beijing accord, struck just in time to avoid clouding an EU-China summit at which British Prime Tony Blair led the EU presidency, finally ended the deadlock, and was approved by by EU states a few days later.

But some Chinese textile manufacturers have already started worrying about their future exports, according to the Xinhua News Agency.

"The export quotas for the second half of the year have almost been used up and if we start using next year's quotas, we will face greater pressure next year," said Zhu Hongjun, a senior manager with Peiluocheng Group in Zhejiang. The question of how to deal with the logjam divided EU members, roughly between southern European countries whose manufacturers fear the flood of cheap imports and northern countries where retailers want fresh stocks.

British finance minister Gordon Brown entered the debate Friday, slamming the "new protectionism" shown by the standoff, as well as the "old European social model" behind it -- a clear reference to states like France and Germany.

The dispute was a "wake-up call" for those within the EU who preferred to ignore the rapid growth of China and other Asian economies, Brown said in an article for Friday's Financial Times newspaper.

"The new protectionism that we are seeing, however well intentioned, is a wake-up call because it is the last stand from those who believe we can stop the clock, postpone or prevent inevitable change," he wrote.

The EU's Mandelson -- who has been criticized for his handling of a number of key dossiers since he took office in the Brussels post last November -- won plaudits from many for last week's Beijing accord.

But for EU retailers, everything depends on how things pan out in the months to come.

"He's got himself rather nicely out of a mess, but the agreement which he has managed to negotiate with the Chinese now is not by any perfect for EU retailers and importers," said the FTA's Newman.

   上一页 1 2 下一页  

Fire kills 5 in Northeast China
Aerobatics show in Hunan
Final rehearsal
  Today's Top News     Top China News

Australia, US, Japan praise China for Asia engagement



Banker: China doing its best on flexible yuan



Hopes high for oil pipeline deal



Possibilities of bird flu outbreaks reduced



Milosevic buried after emotional farewell



China considers trade contracts in India


  EU likely to impose tax on imports of Chinese shoes
  Bankers confident about future growth
  Curtain to be raised on Year of Russia
  Coal output set to reach record high of 2.5b tons
  WTO: China should reconsider currency plan
  China: Military buildup 'transparent'
  Go to Another Section  
  Story Tools  
Manufacturers, Exporters, Wholesalers - Global trade starts here.