EU States Back Deal to Release Chinese Textiles
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From Associated Press
European Union governments backed a deal to release Chinese textiles held at EU borders, ending a trade dispute that saw about 77 million garments pile up after imports broke through 2005 limits.
The EU head office said member states had approved the deal struck Monday between EU Trade Commissioner Peter Mandelson and Chinese Commerce Minister Bo Xilai to allow half of the excess garments into the market outside quota rules, and half to be counted against limits for this year and next year.
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