The European Commission today sent a team of experts to Beijing in an attempt to resolve the growing crisis precipitated by the imposition earlier this year of import quotas on Chinese textiles.
Imports of trousers, sweaters and bras which have been paid for by European clothing retailers are reportedly piling up in EU ports, as the quotas for those items have already been reached, whilst imports of t-shirts and certain types of yarn look set to reach their limits in the very near future.
The quotas, put in place until 2007 by EU Trade Commissioner, Peter Mandelson - following an agreement reached with the Chinese authorities in June after WTO membership for China led to floods of cheap imports - have come under heavy fire from retailers, with German fashion house Gelco announcing last week that it would launch legal action over the restrictions.
It is expected that any deal reached this week by the EU's negotiating team would involve borrowing from 2006 quotas to allow the delivery of goods which have already been paid for and shipped.
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