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European Union backs China plan in bid to avoid new ‘Bra Wars’ BRUSSELS -- Looking to avoid a repeat of the “Bra Wars” debacle of 2005, the European Union on Tuesday backed a deal with China for tight checks on textiles imports when the bloc’s quotas expire on Jan. 1. A majority of the EU’s 27 countries supported the one-year plan to monitor textile export licences issued in China and import licences issued in the EU, the European Commission said. The deal is a relief for EU trade chief Peter Mandelson who has urged China to act over its trade surplus with the bloc which has soared past 100 billion euros (US$140.4 billion) a year. |
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