China’s Textiles Trade Growth Not At Expense of EU

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As the noise over the EU and US textiles dispute has died down, figures show that Chinese textile exports to the EU were up 40 percent in the first eight months of the year.

Despite claims from EU manufacturers that these imports represent lost business for them, the figures show that the increase from China was mainly at the expense of exporters in Asia and Africa, and that overall EU imports were little changed. For example, export reductions of 54 percent and 53 percent were seen from Hong Kong and Macao respectively, as manufacturers shifted processing into the mainland to take advantage of the removal of quotas in January.

Following a deal on the textiles issue in June, Serge Abou (head of the EU delegation of the European Commission in China) noted that China-EU relations are now better than ever. The bilateral trade volume is reported to have increased to RMB2 trillion (US$246.91 billion) this year.

See related news:

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