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U.S.A: Trade Official Sees No Need For Quotas On Chinese Textile Imports: A leading Bush administration trade official does not see any need for renewed quotas on Chinese imports of clothing and textiles, because China is not expected to fill this year’s quotas that are due to expire December 31. Christopher Padilla, under secretary of commerce for ...

Cotton prices lower in October - Cotlook A Index: Cotton prices continued to decline in October. The Cotlook A Index has decreased continuously since the beginning of the season, and is now 29% lower than it was in early August 2008. Global cotton mill use is projected to decline by 3% in 2008/09, to 25.5 million tons. In ...

Australia:Wool market closes 2.5% lower: The Australian wool market finished 2.5% lower, on average, at sales in Sydney, Melbourne and Fremantle this week. The AWEX EMI fell by 20¢ (-2.2%), ending the week at 884¢/kg. This reflected decreases of 23¢ (-2.4%) in the North and 18¢ (-2.1%) in the South, with their ...

Bangladesh:Knitwear makers mull Turkish partnership: The country's knitwear makers have started conducting a feasibility study on a proposal by Turkish apparel manufacturers to forge a partnership in producing garments in Bangladesh. With production costs going high in the European country, president of Turkish Knitwear Industriali...

Zimbabwe:Textile industry hit by unduly high lint prices: Textile companies of Zimbabwe are facing a near collapse as a result of soaring prices of cotton lint and high duty imposed on imported raw materials and inputs. The consequences are so threatening that not only will there be a massive loss in jobs but also a failure in tapping ...

India : Textile export gets strong competition from ASEAN countries: The Minister of State for Textiles, Shri E.V.K.S. Elangovan, informed the Rajya Sabha in a written reply to a question by Shri Jai Prakash Aggarwal that apart from China, Indian textile exports is also facing competition from countries like Indonesia, Cambodia, Vietnam and ...

Australia : Better styled wools continue to attract good support: The Australian wool market finished 2.1% higher, on average, at sales in Sydney, Melbourne and Fremantle this week after the US exchange rate fluctuated over a 5¢ range. The AWEX EMI rose by 20¢ (+2.1%), ending the week at 979¢/kg. This reflected increases of 23¢ (+2.3%) in the ...

Japan : Fast Retailing to increase capital at UK subsidiary: At the board meeting held on July 12, 2007, FAST RETAILING CO LTD. decided to increase capital at its UK subsidiary UNIQLO (U.K.) LTD. The details of this capital increase are as follows: Reason for capital injection To strengthen UNIQLO operations in the UK through additional ...

Australia : China dominates as wool buyer as markets move up slightly: The Australian wool market finished 0.3% higher, on average, at sales in Sydney, Melbourne and Fremantle this week. The AWEX EMI increased by 3¢ (+0.3%), ending the week at 940¢/kg clean. This reflected increases of 2¢ (+0.2%) in the North and 4¢ (+0.4%) in the South, with their ...

Argentina spinning factories may import 35000 ton cotton: The report from US Agriculture Ministry Overseas Agriculture Department show that though Argentina generates great cotton output during 2006-2007, but Argentina spinning factory still may import 35000 ton cotton. The export of lint is anticipated to reach 12000 ton, inland cost ...

LV integrate numerous brands: Only the leader who set clear direction for enterprise's development can establish good strategy. The president of France LVMH Group Arnault is just such an enterpriser with strategic vision. Since in the saddle in 1988, Arnault have purchased over 50 brands that spread high...

Zambia adopt new tax policy to export sewing machine: In 2006, Zambia adopt finance budget policy to adjust tax for stimulating the development of some industries such as mining, agriculture, manufacture, finance etc, the details is as follows: (1) The company tax decrease from 45% to 40%; (2)Remove 15% advance tax of stock bonus in ...

WTO claim that China textile trade account for 24% of global trade: The comment on textile trade in <> issued just now is as follows: The scraping of quota lead to more advantageous trade condition, but international textile & fashion trade is only increased by 5% in 2005 due to the slacking economy development and exchange rate in developed ...

Sino-EU Trade Relations Show Strong Signs of Development: Gao Fuchen, the Vice Minister of China Commerce Department, held a meeting after returning from Sino-EU Economic Trade Joint Committee. Over 30 members from Hong Kong Textile Commerce and leaders of departments like the Foreign Trade Bureau, the Foreign Capital Bureau and the ...

EU: Mandelson warning to China on cheap textiles: Peter Mandelson warned China yesterday not to flood Europe with cheap textiles when quotas are lifted at the end of the year and called on Beijing to take more aggressive measures to open up its own market to imports. The EU Trade Commissioner is coming under pressure from France...

Australia : Wool market sees slow week: This only partly represents the volatility seen over the last three weeks during which the exchange rate rose above 88¢ two weeks ago and remained there until the end of last week, before moving back below 85¢ in the wake of this week's global financial market turmoil. The lower ...

Thailand: Rising baht drives Thai exporters to wall: Naris Wongsanthitham is stressed. His small wood company in rural Thailand is facing ruin because of the breakneck rise of the baht against the dollar and all he gets from the government is permission to open a dollar bank account and a sermon about innovation and "value-added." ...

Australia : Wool market finishes 3.1% higher: The Australian wool market finished 3.1% higher, on average, at sales in Sydney, Melbourne and Fremantle this week. The AWEX EMI rose by 25¢ (+2.9%), ending the week at 899¢/kg. This reflected increases of 29¢ (+3.2%) in the North and 21¢ (+2.4%) in the South, with their ...

Africa: Chinese cash hurts some Africans: KABWE, Zambia: The courtyard in front of the Zambia China Mulungushi Textiles factory is so quiet, even at midday, that the fluttering of the ragged Chinese and Zambian flags is the only sound hanging in the air. The factory used to roar. Since the day it opened more than 20 ...

Australia : Western Wool Indicator up: The Australian wool market finished 1.9% higher, on average, at sales in Newcastle, Melbourne and Fremantle this week. The AWEX EMI rose by 10¢ (+1.1%), ending the week at 935¢/kg. This reflected increases of 12¢ (+1.3%) in the North and 8¢ (+0.9%) in the South, with their ...

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