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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EU ministers agree a draft deal on tearing down barriers to cross-border provision of services.
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ANKARA: Turkey has decided to impose textile quotas to protect its large domestic industry against an onslaught of cheap Chinese textile and apparel imports.
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The European Union said it has offered to eliminate most tariffs for imports of industrial goods and to scrap or reduce agricultural import tariffs from South American trade bloc Mercosur.
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The European Union has assured Beijing it will not follow Turkey's lead by imposing quotas on textiles it imports from China, state media reported.
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EU leaders agree to adopt a binding renewable energy target, a day after backing cuts in carbon emissions.
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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 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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BRUSSELS: Chinese clothing and textiles will lose their low-tariff support from the European Union under a reform of the blocâs preferential tariff scheme which aims to ensure that the worldâs poorest nations benefit most.
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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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The European Union council has officially adopted a proposal to eliminate all quantitative restrictions on the import of textile and clothing from World Trade Organisation countries from 1 January 2005.
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WASHINGTON, DEC 13: The United States said on Monday it would continue to restrict imports of some textile and clothing products after a decades-old quota system expires in a few weeks, while China, under pressure from Washington, said it would slap a tax
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The European Parliament and EU governments strike a deal on legislation to control the use of toxic chemicals.
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The expiration of WTO textile quotas at the end of 2004 is expected to jeopardize jobs in some of the world's poorest places as the textile industry uproots to consolidate in low-cost China.
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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 (EU) said yesterday it would remove trade sanctions imposed on the US in a dispute over US corporate tax subsidies, but warned it might levy new penalties next year over continued benefits it sees as illegal to Boeing, the aircraft maker
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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.