Wed, Aug 31, 2005 - Page 11 News List

Chinese threat to EU textiles exaggerated: analysts

NY TIMES NEWS SERVICE , PARIS

Ruessmann said he was surprised that China agreed to the quotas that restricted growth in some of their textile exports to the EU to 8 percent to 12 percent. The Chinese clearly have the upper hand in the dispute, he said.

"They really do have the Europeans over a barrel," Ruessmann said. "They could send these Europeans packing and say, `Listen, you guys abused us with that agreement and now you're paying the consequences. So don't come crying to us, because we're not going to help you."'

Ruessmann's firm is representing a British retail group in the dispute with the European Commission over when and how the Chinese-made garments will be released.

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