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China:Country to break silence in case EU calls
for limited textile access |
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2005-4-6
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Subject to EU deciding unfavourably on Chinese textiles in its review on its new Generalized System of Preferences (GSP) on April 6, China would muster immediate support of its textile exporters and build up a case for the World Trade Organization to intervene.
This was revealed in a media interview by an official with the research academy of the Chinese Ministry of Commerce yesterday statin that China would take a legal recourse seeking independent action to engage in a WTO lawsuit.
Earlier on February 10 this year, the European Commission announced plans to implement the GSP as of April 1. This was a good three months earleir than the proposed scheduled that excluded Chinese products under 16 categories from the list.
But owing to failure of the EU members at arriving to an agreement over the issue on the new GSP arrangement, the delay occurred.
It is understood that some of the Chinese textiles will attract a 95 percent cut of favorable tariffs once the new GSP system is launched.
EU members among themselves hold divergent views even as France and Italy having bulk of textile and apparel producers have called for restricting Chinese textile imports.
However, the EU Trade Commissioner Peter Mandelson has bid for time saying it was too early to judge the full impact quotas elimination on textiles of the region. |
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