All the China-made textile products blocked in the ports of EU countries will be freed up, according to an agreement reached on Monday night in Beijing by China and the European Union (EU).

The document was signed by China's Minister of Commerce Bo Xilai and EU Trade Commissioner Peter Mandelson following lengthy negotiations.

Bo said at a press conference after the signing ceremony that China neither made any mistakes nor bears any responsibility for the textile product dispute.

"But considering the interests of EU importers and retailers, (we) decided to offer a helping hand to reduce the losses of both sides."

China and the EU as strategic cooperative partners reached the agreement after earnest negotiations on an equal footing, Bo told the press.

The two sides bore the responsibility that they should bear, which reflects the principle of equality. The final agreement embodies a "cooperative, win-win" spirit, he said.

Source: Xinhua