China Textile deal won't affect 2006 export

20/09/2005
China commerce minister Bo Xilai has said in an interview that the amount of textiles added to next year's textile quota is "quite small" and will not affect exports to the European Union.

Earlier this month the two trade partners reached an agreement allowing millions of Chinese textile products, which had exceeded EU import quotas for the year, to be released from customs at various European ports.

Under the terms of the agreement, half of the textile goods being held in customs will enter EU markets while the other half will be added to China's textile quota for next year.