EU Signs Off on Abolition of Textile Quotas
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The European Union on Monday took the final step toward abolishing textiles quotas on January 1, 2005, in compliance with World Trade Organization obligations.
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China is to put tariffs on textile exports to head off mounting concern that it could flood the market after quotas are abolished next year.
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European Union ministers moved closer on Tuesday night to an agreement on setting fishing quotas for next year after the European Commission agreed
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Some dangerous chemicals could be banned from the European market and about 30,000 substances used in everyday products ranging from detergents to toys will have to be registered in a central European Union database under a law approved Wednesday.
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China will consider adopting measures  to protect its interests and those of its trading partners once  global textile quotas are scrapped at the end of this month, a  government spokesman said on Friday.
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The European Union has agreed to lift its long standing sanctions against trade with Libya. The move was taken today by foreign ministers of the 25 member union.
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New rules intended to stop the dumping of toxic waste in developing countries come into force in the EU.
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The Jan. 1 abolition of trade quotas may not be as hard on textile and apparel makers in poor countries as many experts had thought.
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The European Union said Wednesday it will impose a duty of 230 euros (&#36;290) per ton of bananas starting in 2006, in an effort to prevent producers in former African and Caribbean colonies from losing business to larger growers in Latin America.
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The EU on Monday welcomed Beijing&#39;s measures to control its textile export growth after a global quota system expires on Jan. 1, and said legal steps to block Chinese imports should only be used if strictly necessary.
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Talks on national fishing quotas are underway in Brussels between government ministers and the European Commission. The commission recently announced another major round of cuts in the allocations to help conserve stocks.
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The European Union and its allies got  the go-ahead on Tuesday to slap potentially heavy sanctions on  U.S. goods in a row that could stir trade tensions ahead of the  U.S. elections.
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The European Union (EU) said Monday it would eliminate from January 1, 2005 all quantitative restrictions on the import of textile and clothing products from World Trade Organization (WTO) member countries.
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European Union leaders clinched  agreement on Saturday on a detailed mandate for a new treaty to  overhaul the 27-nation bloc after persuading Poland to end a  stand-off that nearly torpedoed their summit.
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Pakistan's vital textile industry could suffer from the imminent end of import quotas as international rivals seek to exploit the country's widespread disregard for labour and environment laws, analysts say.
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European Union officials this week will aim to reduce corporate influence and make polluting more expensive.
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The European Parliament and EU governments strike a deal on legislation to control the use of toxic chemicals.