EU seeks "enduring" textile agreement with China
European Union (EU) Trade Commissioner Peter
Mandelson said that he was trying to find an enduring agreement with China
before he left for Shanghai on an 11th hour textiles negotiation.
"I am going to China either to agree a way of dealing with the dramatic textile import surge or, if necessary, to explain, face to face, why the EU needs to introduce measures of its own," Mandelson said in a statement.
"My preference is for an enduring agreement which brings predictability for traders in China and Europe and stability in our wider relations," he added.
Mandelson is scheduled to meet his Chinese counterpart Minister of Commerce Bo Xilai on Friday in Shanghai. The EU has requested formal consultations on two categories of textiles and has almost completed investigations of seven other categories.
The formal consultation is due to end this week.
"I want a settlement that helps everyone's interests," Mandelson said.
"We should be fair to China, while creating a much-needed breathing space for
European industry and offering some relief to developing country textile exports
to Europe," he added.