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  • Woven velvet has replaced chenille fabric as enterprises have begun to purchase related materials and equipments. For years, chenille fabric has been very popular in China and around the world, due to its low price. However, it will exit the market gradually. In the future, yarns will be used in household spinning fabric even as the structure of fabrics will be more complicated and its design, more abstract. Zhejiang province is a home for household spinning fabric production. Source:Fibre2f
  • Japan and India decided on Thursday in Tokyo on a plan to encourage Japanese small and medium-sized enterprises to invest in India. The plan "marks a remarkable start for further activating Japan-India economic exchanges" and will help "internationalize technologies of Japan's small and medium-sized enterprises." Toshihiro Nikai, Japanese Economy, Trade and Industry Minister said at a news conference. Visiting Indian Commerce and Industry Minister Kamal Nath said that Japan's advanced techno
  • The establishment of a law normalising trade relations with the US would bring Vietnam one step closer to WTO membership and consecutive end of US quotas. Such a proposal was this week introduced in the US Congress but has been bitterly opposed by a group of elected politicians. They claim the bilateral deal negotiated with Vietnam carries risks for the US industry and threaten withdrawing support for the Bush Administration's trade agenda as a result. Legislation that would bring Vietnam one s
  • The export of clothing? by china had gone up by 27.3 percent during first five months of 2006, according to a release from the General Administration of Customs (GAC). Export of other textile products increased to 20.1 percent and that of machinery and electronic products grew to 31.6 percent. Import of steel products dropped by 27.6 percent whereas export of high-tech products went up to 33.1 percent. Exports dropped by 6.6 percent of crude oil and processed oil by 17.2 percent. Source:
  • The measure was released as Decision 126. Subsidies for textile and garment enterprises were one of the biggest problems in tough trade negotiations with the US, which voiced concern that overly high growth in Vietnam based on subsidies may threaten its own markets. US negotiators cited Decision 55 to prove that Vietnam continues subsidising the domestic textile and garment industry. Vietnamese officials said that the decision only mentioned solutions for industry development, and the US might
  • The Spanish government has approved more than ?00 million three-year aid plan to help the country's clothing and textile industry, which has been suffering from strong international competition in the past years, in particular from India and China. The Cabinet has approved a series of specific measures on the part of both Ministries are including in the 'Plan of Support to the Textile Sector and the Preparation', decided with the social interlocutors, industrialists and unions, and that will si
  • Kazakh merchant Zianblativ has his fingers crossed that a cross-border trade zone between China and Kazakhstan will bring him good fortune on a historic trade route. "It'll reduce costs and risks if I can reach deals with Chinese merchants right here at the trade zone," he said. "It costs dearly and takes weeks for me to load Chinese made commodities in Urumqi of Xinjiang and ship them all the way to Almaty." Construction has begun on the Chinese side of the cross-border trade zone at Korgas
  • Against the back drop of the favourable indutry output numbers of 9.5% growth in April versus projected 8.1%, the Indian textile sector seems to be no exception in its move to improve processes and trim its operational and interest costs. The manufacturing sector could achieve the growth of 10.5% in the March 2006 quarter essentially on the grounds of effective cost cutting, downsizing, reducing cycle times and redeeming the high cost debt. The textile sector saw a reduction of 11 per cent d
  • Chinese textile exporters?trouble is doubled as on one hand, EU and the US have imposed quota restrictions, and now it is Brazil, which has raised heckles over illegal textile exports by Mainland manufacturers. Chinese textiles exported to Brazil by legal channel has not affected Brazil markets, but it is the illegal transports indeed hit Brazilian textile industry. Government of Brazil has decided to set up a special task force to investigate this situation. However, customers in here welcom
  • Bangladesh's aim of achieving record seven percent growth in the next fiscal year hinges on a swift end to ongoing labour unrest in the textile sector, analysts say. The impoverished South Asian nation must also improve its dire power supply situation which is restraining growth, they add. Bangladesh's Finance Minister Saifur Rahman in his budget speech last week targeted a record seven percent growth for the fiscal year beginning July 1, 2006, up from 6.71 percent forecast for this year. The
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