CHINA DIVERTS TEXTILE EXPORTS TO EVADE ‘BRA WARS’ AGREEMENT
July 1st, 2006
BY KEITH NUTHALL
CHINESE exporters have been fraudulently routing clothing and textile exports via Hong Kong and South Korea to evade quota limits imposed last year, following the 'bra wars' spat with the European Union (EU). Swedish government figures claim Hong Kong clothing and textile exports to the EU rose by 234% in the past year, which would mean every Hong Konger was employed in the textile industry. Official South Korean EU textile exports have boomed by 140%, raising more eyebrows.
ENDS
CHINESE exporters have been fraudulently routing clothing and textile exports via Hong Kong and South Korea to evade quota limits imposed last year, following the 'bra wars' spat with the European Union (EU). Swedish government figures claim Hong Kong clothing and textile exports to the EU rose by 234% in the past year, which would mean every Hong Konger was employed in the textile industry. Official South Korean EU textile exports have boomed by 140%, raising more eyebrows.
ENDS
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