Home Page
An experienced guide to the world of finance
providing tools and information that help make
best financial decisions
My FinanceGates.com Register
 
Home  | News   |  World News 
SEARCH
  News & Commentary
  News
  Reviews
  Columnist Articles
  RSS News
  Economy
  Economic Charts
  Financial Calendars
  Banking & Loans
  Loan Rates
  Deposit Rates
  Rate Alert
  Banking Top Rating
  Education
  Banking
  Investing
  Stock Brokerage
  Dictionary
  Financial Directory
  Banking
  Funds
  Insurance
  Stock Brokerage
  Billing
  My FinanceGates
  Register
  Sign In



Market News Insurance Billing
Banking Business News World News
Funds Brokerage

Tuesday April 26, 08:49
China considers probes on textile curbs as bad idea
(by Roy Deng)

 Send link to friend
China considers probes on textile curbs as bad idea China will raise an official complaint about a probe started by the European Union to decide whether to impose limits on textile imports from China. Chinese government stated that such a move violates World Trade Organization rules and causes damage for textile industry of the country. The statement was released on the Web site of the Commerce Ministry of China, citing its spokesman Chong Quan.

``We hope the EU realizes the negative impact textile trade limits would have on our economic and trade relationship with them,’’ Chong said in the statement.

On Sunday, European Union Trade Commissioner Peter Mandelson said it started a probe on limiting imports of nine categories of Chinese textiles to protect producers in Europe.

However, Peter Mandelson remarked that the EU’s preference is not to impose sanctions which can put at risk friendly relations with Europe’s leading trade partners but to urge China to take voluntary action to restrain its exports.

The issue seems to be as acute in the US, where the administration recently launched a similar investigation but traders have started lawsuits demanding to impose curbs.


All world news
Read the related news and articles:
27 May 2005 07:08 AM US Senators call for tough action on China to press for yuan revaluation
20 May 2005 08:25 AM China’s export tariffs raised on US restrictions
19 May 2005 10:54 AM US puts more pressure on Chinese textile
19 May 2005 09:31 AM Hong Kong announces currency ceiling
19 May 2005 08:14 AM Snow: yuan must grow within few months
 


   KEYWORD SEARCH

KEYWORDS:
   SUBSCRIPTION
Join FinanceGates.com mailing list and get news and financial advices on home finance, auto finance, insurances, funds, online payments and much more.
ABOUT US
PARTNERSHIP
ADVERTISING
LEGAL DISCLAIMER
PRIVACY POLICY
CONTACT US
LINKS
RSS NEWS


Copyright © FinanceGates.com - independent financial advice and personal finance advice, an InternetGates.com company, 2003-2012. All rights reserved.
Finance Gates provides personal finance advice on banking, insurance, investing and billing.
Reading materials of this site you can be sure that you get independent financial advice.