





EU expects Chinese textiles flood
In 2005, the annulment of all import quotas translated in an instant 47% growth of imports. "In 2006, EU ran a trade deficit of €128 billion with China, with officials predicting the figure will shoot up to €170 billion by the end of this year", EUObserver reads.
According to the EU publication, "The new deal includes measures such as export licenses given out by Chinese officials to their domestic producers and stronger surveillance in Europe".