After a long dispute, China and the European Union have finally come to an agreement regarding textile trade. China has said that it will set limits on exports of 10 types of textile products to the EU.
Tension Continues To Build Between EU and China Over Textiles
Trade tension continues to build between China and the European Union (EU). The EU is seeking formal discussions with China regarding its textile exports.
Cheap Chinese Textiles VS. The Rest of the World
Chinese textiles continue to be a hot topic around the world. The Chinese, since joining the WTO continue to flood markets with very inexpensive textiles and clothing and it’s creating real problems for other producers and nations who once had strong textile industries.
World Textiles Awash in Chinese Tsunami
With the expiration of the WTO”s 30-year-old Multi-Fiber Agreement (MFA) last January, Chinese textile exports threaten competitive industries world wide.