Textile quota restrictions under WTO directives have forced China to explore fresh business avenues, and it is likely to strike one such trade opportunity with Philippines. It is reported that during a business meet, a trade delegation from Philippines negotiated with Chinese textile enterprises about joint venture in Guangdong Province. On the other hand, several Chinese textile enterprises have shown keen interest in setting up joint ventures with Philippines textiles companies. Delegates f

Senegal's textile and clothing industry was suffering, with 57 percent of domestic demand being serviced through fraudulent imports, said the minister of industry and crafts. Bineta Samb B?said that textile industries in the country were losing ground as a result of "the persistence of large scale fraud in imports, the negative impacts of globalisation and competition from foreign products". B?said that the customs worked against domestic production, by inflating the costs of inputs. The mini

Following introduction of quotas to curb explosive Chinese textile exports to the EU last summer, European textile businesses seem to have found other ways to import cheap clothing. The EU quotas on Chinese textiles lead to mountains of Chinese garments pilling up at ports in what became known in the press as the "bra war." But one year later the situation is completely different with as little as just one third of the quotas used up, according to Swedish business paper N24. Import statistics

The National Development and Reform Commission (NDRC) and nine other central government departments have issued a joint circular calling for the accelerated restructuring of the country's textile industry. The restructuring is designed to improve the innovative capacity of the industry, which currently only spends 0.3 percent of its sales income on research and development and imports most of its sophisticated equipment. Insufficient supply of cotton, chemical fibers and other raw materials

Polyester filament prices continued rising over the weekend in China, although raw material costs began easing. There is no clear price direction for raw materials, especially paraxylene, while crude oil prices are obviously falling. Polyester filament prices continued today rising in China with POY up 50 yuan on Qianqing's market while FDY and DTY gained 100 yuan per metric ton. Such an increase is obviously reflecting the recent surge in raw material costs of polyester producers. A consecuti

Textile manufacturers of Indonesia are incurring loss due to inefficient and obsolete machines that consume more fuel and affect quantity and quality of products. Considering the seriousness of the issue, Indonesia has plans to complete its overhaul of textile machinery by 2009. This in a way offers huge opportunity for China as Indonesia imports majority of its required textile machines from China. Indonesian textile industry undergoing such an overhaul, will be a blessing in disguise for Ch

Vietnam's garment and textile exports to the United States are likely to increase 8-10 percent annually at maximum after its entry in the World Trade Organization (WTO), local newspaper Youth reported Monday. "Despite enjoying the quota-free regime after joining the WTO, Vietnam will face difficulties in expanding its market share in the United States, mainly due to heavy reliance on outsourcing production and material import," the paper quoted Le Quoc An, chairman of the management board of t

Cambodian government Friday announced a grant of a two-year profit tax free to garment factories to encourage investment. Under the decision made during Friday's cabinet meeting, factories applied the licenses before March 14, 2005, will enjoy the preference. The aim of the decision is "to maintain the country's political and socio-economic stability, and the sustainability of the jobs got by 300,000 workers as well as their families," according to a government statement. Up to 2 million C

PHNOM PENH : Cambodia will extend a tax holiday for its garment sector until late next year to protect it from Vietnamese competitors and the expiry of US and EU safeguards in 2007, an official said. Neighbouring Vietnam will become a stronger competitor if it joins the World Trade Organisation later this year as expected, broadening its access to Western markets, Cambodian government spokesman Khieu Kanharith told AFP. "Their workers are skilful, their salaries are low and they have no work

JOHANNESBURG (AFP) - South Africa's trade relations with juggernaut China will be put to the test this week when Premier Wen Jiabao jets into Cape Town for talks centred around China's mighty textile industry. The South African economy, the biggest in Africa, has been hit hard in its own textiles sector by cheap imports and ready-made products from China and President Thabo Mbeki's government has come under increasing pressure to deal with the problem. Clothing companies and unions agree that