TMB – EU VERDICT
October 1st, 2004 KEITH NUTHALL
THE TEXTILES Monitoring Body (TMB) of the World Trade Organisation (WTO) has ruled that the European Union (EU) broke the WTO agreement on textiles and clothing when widening its import quota regime following its enlargement eastwards and southwards in May. The TMB ruled that the EU could have found alternative ways of protecting the textile industries of the 10 new member states other than widening quotas eight months before their abolition. It added that the EU had calculated the extension of quotas in an overly restrictive way.
THE TEXTILES Monitoring Body (TMB) of the World Trade Organisation (WTO) has ruled that the European Union (EU) broke the WTO agreement on textiles and clothing when widening its import quota regime following its enlargement eastwards and southwards in May. The TMB ruled that the EU could have found alternative ways of protecting the textile industries of the 10 new member states other than widening quotas eight months before their abolition. It added that the EU had calculated the extension of quotas in an overly restrictive way.
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.