Treading in the wake of the federal courts ruling against e-commerce marketplace Tradekey.com, Taobao Marketplace announced a partnership with French luxury brand Louis Vuitton in its continued fight against counterfeit products in China. Taobao Marketplace, part of the Alibaba Group, launched in 2003 and is currently a well-established consumer-to-consumers online marketplace based in China. Taobao offers over 800 million product listings and in 2012 had reached over 500 million registered u

Photo for illustration. baocongthuong.com.vn Vietnam’s footwear exports are expected to increase significantly from the fourth quarter of the year because of importers’ shifting orders from other markets. According to the Ministry of Trade and Industry, importers will move their orders from countries such as China to make the most of Vietnam’s low labour costs and lower import taxes from the EU by 2014. Furthermore, the importers are shifting their orders to take advantage of Vietnam’s

The exports of garments and textiles from Vietnam increased by 18 percent year-on-year in the first nine months of the current year to US$ 13.154 billion, according to data from the Ministry of Industry and Trade. Of this, the exports of fabric were worth US$ 538 million, up 6.3 percent year-on-year. The US continued to be the largest importer of Vietnamese apparel and it accounted for 49 percent of all Vietnamese garment and textile exports from January to September this year. The EU,

Vietnam will import an estimated 580,000-600,000 tonnes of cotton this year, up by nearly 15 percent from last year's figure. In the first nine months of the year, cotton import reached nearly 430,000 tonnes, worth US$864 million, a year-on-year increase of 35 percent. The Vietnam Cotton and Spinning Association attributed the increase in cotton import to rising demand for cotton fibers of domestic garment and textile firms. Last year, Vietnam purchased 420,000 tonnes of cotton from a

Wool industry representatives are trying to unravel the mystery of an unexpected drop in the amount of wool coming forward for auction. Thursday's South Island sale had fewer than 8000 bales on offer, which was about 40% below the amount which had been anticipated, while the amount of wool for next week's North Island sale is 25% lower than what had been rostered. That's even more of a surprise, as recent North Island sales have been offering more than the amount forecast. New Zealan

Apparel exports from country has reported a growth of 14.95 percent in September, with USD 1.1 billion of export due to good demand from the US and euro zone, informed the apparel council in a press release. "Apparel Exports for the month of September 2013 grew by 14.95 percent registering to the USD 1.11 billion for September 2013," said Dr A Sakthivel, Chairman Apparel Export Promotion Council of India (AEPC). "We have organised fairs last month, we went to BSM New York and Spain and w

As silk exports decline, the Centre has decided to partly subsidise silk farming by bringing certain activities under its flagship rural jobs scheme. The Ministry of Rural Development and Ministry of Textiles have issued joint guidelines to take up cultivation of host plants of mulberry, on which silkworms feed, under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS). Karnataka stands to benefit as mulberry bush plantation would be covered under the initiative in sel

The depreciating rupee value against greenback has boosted the profits of largest textile industry of the country, as the listed textile firms profit have jumped by 150 per cent to Rs30.6 billion in fiscal year 2013. Industry sources said that the fall of rupee has been seen as a positive sign for exports of Pakistan, as the local currency has fallen 8 per cent since the beginning of 2013. Moreover, it depreciated faster in the last two months, as it went down by a sharp 4pc against the gree

China's crude oil imports jumped 27.9 percent in September from a year earlier to a record high of 25.68 million tons, or 6.28 million barrels a day (bpd), latest government data showed. September imports also grew 19.8 percent from August's 21.43 million tons (5.07 million bpd), the General Administration of Customs said on its Website. The figure surpassed the previous record of 6.18 million bpd logged in July. China, the world's second-biggest oil consumer after the US, imported 5.68

Vietnamese garment makers are strengthening their foothold in key markets, putting new pressure on the Bangladesh apparel sector. Competition will further intensify if the United States awards Vietnam the generalised system of preferences (GSP), a trade privilege scheme, as negotiations are currently underway for garment products. Bangladesh exported nearly $18 billion in the nine months to September, with Vietnam trailing behind. With its robust growth, the Southeast Asian nation export