German group welcomes EU trade deal with China
6 September 2005, BERLIN - One of Germany's main trade groups welcomed Monday the E.U. textile accord with China as ending a "grotesque" situation.
6 September 2005
BERLIN - One of Germany's main trade groups welcomed Monday the E.U. textile accord with China as ending a "grotesque" situation.
The European Commission had said earlier it expected a quick release of millions of EUR worth of Chinese textile and garments stockpiled in European ports once the trade deal was approved by the 25 E.U. nations.
Anton Boerner, president of the German Wholesale and Foreign Trade Federation BGA, said, "The expected release of the 80 million items currently held up in customs will end a grotesque situation of legal limbo that has been unprecedented in recent trade history."
He said in Berlin that the accord would solve the "intolerable situation" that German importers and retailers had been put in by the quotas imposed on imports from China.
He added that if the Chinese had agreed to sacrifice some of next year's quota, as reported quoting European Commission aides, then this was a "concession deserving respect".
"That would mean China is voluntarily sacrificing exports" said Boerner. "I can only appeal to the 25 E.U. members to quickly approve the compromise that has been reached. If they do anything else, it will be a first-class disgrace to trade policy."
E.U. customs authorities seized over 80 million Chinese pullovers, trousers and bras in late July and August because the goods were in excess of restrictive import quotas agreed by the E.U. and China in June this year.
DPA with Expatica
Subject: German news