| Textile export permits halted |
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| Wednesday,August 24,2005 Posted: 16:28 BJT(0828 GMT) 驻英使馆经商处 |
China has stopped issuing permits for certain textile products exported to the European Union (EU), an official with the foreign trade department of China's Ministry of Commerce (MOFCOM) said recently.
"The move is to prevent enterprises from suffering further losses (for products being blocked at the EU customs)," he said adding the ministry was calculating the quotas left over in the agreement reached with the EU.
Women's blouses last week hit the ceiling following sweaters and trousers, according to statistics from EU customs. These three categories of Chinese textiles, together with another seven, were put under a EU quota regime after China reached the agreement with the European economic bloc in June.
The official explained that there are differences in calculating the figures and that the nation is keen on a mutually acceptable solution to the issue.
The country's textile exports stood at US$61.5 billion in the first seven months this year while exports to the EU hit US$8.65 billion in the first half of this year, according to ministry figures. Meanwhile, the official predicted that Chinese and EU textile dealers would enjoy a more stable trade environment in 2006 as the impact of the China-EU deal becomes clearer. "As the management of textile trade is strengthened the chaos and detained goods of this year are not expected to be seen again in 2006," he said.
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