Terming as unreasonable the restrictive measures adopted by the US and the European Union (EU) to curb Chinese textile imports, Beijing has said it hopes to resolve the trade spat through negotiations, reports Xinhua.
After the US and the EU took restrictive measures against China's textile products, China announced Monday that it would no longer impose export tariffs on 81 categories of textile products, beginning June 1, 2005.
Commerce Minister Bo Xilai said that the restrictive measures taken by the two parties were "groundless."
"It is unreasonable and unscientific" to re-impost restriction based on primary data in the first three or four months, he said, adding that both the EU and the US did not provide detailed statistics to China.
However, he emphasised that the Chinese government attached great importance to relations with the two parties and hoped that friendly cooperation could be continued.
"We will not take retaliatory actions since economic and trade cooperation with the two parties are very extensive. Some parties tend to use restrictive or retaliatory measures when problems come out, but this is not a way to solve the problems properly," Bo said.
Bo said China had adopted a number of measures including voluntary restriction on textile export, lowering export growth and increasing tariff on textile exports to ensure the steady flow of its textile exports to the EU and US.
China's reaction came in response to the EU's decision to impose quotas on imports of Chinese textiles and the US decision to re-impose restrictions on seven kinds of Chinese textiles and clothing imports.
Musharraf deplores Multan bomb blast
Publish Date : 3/3/2007 7:31:00 AM
President Pervez Musharraf said on Friday that the government will act in a resolute manner against terrorists.
Over 355 seats booked for Thar Express
Publish Date : 3/3/2007 7:23:00 AM
Over 355 passengers have been issued tickets for travelling on the Thar Express, which runs between Karachi to Khokhrapar in Sindh and then onto Munabao in Rajasthan.
Pakistan arrests Taliban leader, rebels disclaim
Publish Date : 3/3/2007 7:13:00 AM
Pakistani authorities have arrested a deputy of Taliban leader Mullah Mohammad Omar in the south-western city of Quetta ahead of the insurgents' anticipated spring offensive in Afghanistan, newspaper reports said Friday.
Explosives recovered from stolen car in Karachi
Publish Date : 3/2/2007 6:57:00 AM
Police in Pakistan's port city of Karachi have recovered 25 kgs of deadly explosives from a stolen car and suspect it was to be used for some terrorist attacks.
Lanka condemns attack on foreign diplomats
Publish Date : 2/28/2007 8:39:00 AM
Sri Lanka today strongly condemned the daring artillery attack by Tamil Tiger rebels in the island's east as a deliberate strike against diplomats, saying the LTTE displayed its "true form as a terrorist organisation."
Maoists seize King's land in Eastern Nepal
Publish Date : 2/26/2007 8:38:00 AM
Maoists have seized around one million sq ft. Of land in eastern Nepal registered in the name King's name and hoisted their party flag.
Strong earthquake jolts Qinghai-Tibet Plateau
Publish Date : 2/26/2007 8:35:00 AM
An earthquake measuring 5.3 on the Richter scale today jolted an uninhabited area between Qinghai Province and Tibet in southwest China but there is no immediate report of casualty or damage, officials said.
Over 25,000 people mobilised by 'mujahideen' leaders
Publish Date : 2/24/2007 8:37:00 AM
Over 25,000 people were today mobilised here by Afghanistan's "mujahideen" leaders in support of a controversial bill that would give them amnesty for war crimes.
Strike shuts down parts of Nepal
Publish Date : 2/23/2007 6:35:00 AM
Life was affected in parts of Nepal due to separate strikes called by two political groups demanding more rights for the country's ethnic minorities.
Temporary visa counter in Lahore extended by Indian High Comm
Publish Date : 2/23/2007 6:34:00 AM
The Indian High Commission here has extended the period of its temporary visa counter in Lahore till February 24 to provide travel permits for relatives of victims of the Samjhautha Express blasts.
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