EU-CHINA TRADE TALK: European Union Trade Commissioner Peter Mandelson said Tuesday that the EU will continue to monitor textile market developments after the import quotas on 10 categories of Chinese textiles and apparel, imposed in June 2005, are removed at the end of this year. Commenting after talks in Brussels with China’s Commerce Minister, Bo Xilai, Mandelson said that both sides were aware of the problems associated with the return to normal trade and had agreed to work to avoid any destabilization of the market. The EU’s ballooning trade deficit with China and problems related to intellectual property rights also dominated the discussions, Mandelson said. The trade deficit with China, he said, “not only poses major economic problems for us, but is a major challenge of political management for both sides.”

BEYERS LEAVES RICHEMONT: Piet Beyers, marketing services director at Compagnie Financière Richemont SA, will retire at the end of the month, the company said Monday. Beyers also will step down from his position on the board of Richemont SA, the group’s management board that he joined in 2000. Anne Dellière, who has worked with Beyers since 2003, will replace him as marketing services director. He will not be replaced on the board. “He has been an innovative thinker, a trusted adviser and a good friend,” said Johann Rupert, Richemont’s executive chairman. “We will all miss his insight into both the luxury industry in general and, in particular, his critical analysis of the approach taken to marketing luxury products.”

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