DGTI releases details of EU unblocking of Chinese textiles for exporters
13 Sep '05
5 min read
The EU will be responsible for all the quantities of textiles goods shipped between 11 June and 12 July 2005 for which it has issued import licences to enter the EU without limitations.
For goods shipped between 13 July and 19 July 2005 that have exceeded the agreed quota levels, the Mainland will bear half of excess quantities through (i) carrying forward 2006 quotas3 and (ii) transferring yardage from category 24 . The EU will be responsible for the other half through unilateral increase of the agreed import levels.
2,073 tons out of the total yardage transferred from category 2 will be reserved for EU to transfer into other categories where necessary.
The deadline for application of import licences for goods shipped from the Mainland before 20 July has been extended till 20 September 2005. No further export licences will be issued by the Mainland for product categories for which the agreed quota levels have been exceeded2 as of the date of the Agreed Minutes on 5 September 2005.
The EU will issue import licence for goods shipped from 20 July 2005 onwards upon presentation of valid export licence issued by the Mainland.
Where total imports from the Mainland by 31 December 2005 is lower than the 2005 adjusted quota levels, the remaining quantities can be carried cover and added to the quota levels in 2006, on top of other general flexibility provisions in (h) below.
During the validity of the MOU, subject to the EC's confirmation, the Mainland can exercise the flexibility provisions allowing 5% of advance use, 7% of carry over, and transfer between garment categories up to 4% and between textile categories by the same extent5.
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