a far cry from our original expectations. |
Ambassador Portman has shown some flexibility at the end of the day, ... but I don't think that's enough. Actually that's still a far cry from our original expectations. |
At least in the sphere of textile trade, China and the EU depend on and value each other, |
China noted the US senators' concerns over the trade deficit and exchange rate, and hopes to reach an conclusion through further talks. |
Developed countries should be aware that textile integration is an inevitable trend and to have quotas is not correct, |
However, the agreement is not as good as expected as quota control in trade is totally outdated in a world of economic liberalization and free trade. |
I am aware of the pressure given by the U.S. (textile) industry but it doesn't mean who shouts loudest is most reasonable, |
I believe they are not reasonable, |
If the present trend of trade flow is maintained by 2010, the bilateral trade would reach $50 billion. |
If the US hastily imposes high tariffs on Chinese imports, China-US trade relations will face a serious setback. |
Let me say optimistically that we should have a deal with the United States quite soon, as well. |
Mandelson was more active about this than the U.S. - he personally became involved - and so the China-EU deal was signed earlier. |
Nearly ... We haven't signed a final agreement. |
On some of the negotiations, we were almost at the edge of the cliff. |
Quite soon we should get a deal with the U.S. as well. |