Press Release: Textile sector: EU and China agree negotiated limits for textile imports, Shanghai, 10 June 2005

The EU and China have agreed a deal that will manage the growth of Chinese textile imports to the EU until the end of 2008. The agreement provides for reasonable growth in Chinese textile exports to the EU during 2005-2007 while giving time to adjust for the textile industry in the EU. With this wide and balanced agreement, the EU and China ensure a period of adjustment for EU producers, provide greater predictability for importers and retailers, and preserve the prize of market liberalisation and WTO membership for China.