China to look at license control, market entry issues in textile exports to EU |
|
|
|
Published
:
Sun, 21 Oct 2007 12:41
|
BEIJING (XFN-ASIA) - China will look at license controls and market entry issues to ensure steady growth of the country's textile exports to the European Union, the commerce ministry said.In a statement on the ministry's website, deputy commerce minister Gao Hucheng said instead of quota control, China will issue licenses to exporters in eight categories of textiles that were put under a 'double checking system' between China and the EU for 2008.The ministry will also look at market entry approval mechanism to examine the qualifications of China's EU-bound textile exporters.Early this month, the European Commission and China agreed to scrap the current quota restrictions on Chinese textiles next year in favor of a monitoring system, with the quota system expiring at the end of this year.Under the new arrangement, quotas will be replaced by a textile import 'double checking system' which will track both the issuing of export licenses in China and the import of goods into the EU.'I hope all textile exporters could actively respond to the call for safeguarding the export order ... and improve the quality of exports and optimize their product mix to jointly maintain a steady development of the textile exports to the EU,' Gao said.He added that a vast majority of Chinese firms and guilds have proposed that Chinese exporters take the initiative in supervision measures to ensure steady growth of textile exports to the EU.jianlin.li@xinhuafinance.com-xfnlj/xfnrcCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
|
|
|
|
|
|
|
| Stock
Quotes * |
|
NASDAQ
|
|
2378.01 |
+15.80 (
0.67 %)
|
| SYMBOL (
2010-03-16 ) |
| LAST |
CHANGE
|
|
RIO TINTO
(
12:35pm )
|
|
3702.00 |
+45.00 (
1.22 %)
|
|
NEXT
(
12:35pm )
|
|
2034.00 |
+25.00 (
1.24 %)
|
|
KAZAKHMYS
(
12:35pm )
|
|
1496.00 |
+23.00 (
1.56 %)
|
| SYMBOL (
2010-03-16 )
|
| LAST |
CHANGE
|
|
IBM
(
4:00pm ) |
|
128.67 |
+0.84 (
0.66 %)
|
|
INTEL CP
(
4:00pm ) |
|
22.01 |
+0.84 (
3.96 %)
|
| SYMBOL (
2010-03-16 )
|
| LAST |
CHANGE
|
|
|
Print this Story
EU in textile surveillance deal with China; seeks talks on yuan 