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

Centered at the very heart of China's textile & garment producing regions, Shanghai continues to be a major hub for buyers and sellers of fabrics from all over the world. Perhaps that's why the trade fair Intertextile Shanghai Apparel Fabrics, now in its 12th year, continues to grow in size and importance for the global textile industry. This year's show is scheduled for 25 ?28 October at the Shanghai New International Expo Centre. The show is open to trade professionals only, with day one

Asia-Pacific is the largest and most vibrant textile market in the world. Textile market in the Asia-Pacific is largely driven by the expansion of manufacturing markets in China and India. Its market was valued at US$83.4 billion in 2004 with synthetic fibres as the most profitable sector in the industry. The growth rate in market volume (10.5 million) was registered at 4.8% for 2004. The signing of a FTA between China and India has consolidated the regional cooperation and thus enhanced

The government is considering cutting export tax rebates in a bid to protect natural resources and help upgrade domestic industries. The reduction is aimed at controlling the export of products that consume a lot of resources and energy, and lead to high levels of pollution. The suggestion came from an official with the State Administration of Taxation, who was quoted by the Shanghai Morning Post. He declined to disclose details, but the average cut is estimated to be about 2 percentage po

Affected by the price hike of raw materials, Renminbi appreciation, EU's resuming of quota system over some exported products and the intensified competition, China's public textile and garment enterprises show an obvious trend of mixed business based on textile and garment business. According to statistics, earnings per share and return on net assets of 55 listed textile and garment enterprises were lower than those of all listed companies in the first quarter of this year. In such a backgrou

FAISALABAD: Textile exporters have demanded a special package, including the removal of the Export Development Fund levy and the deferment of loan repayments for next two or three years, to ensure sustained economic growth and achieving export targets. Addressing a press conference, Rana Arif Tauseef, Pakistan Textile Exporters Association (PTEA) chairman, Chaudhry Muhammad Sidique, Faisalabad Dry Port Trust (FDPT) chairman, and Mukhtar Ahmed Sheikh, Faisalabad Garment City (FGC) chairman, welc

Three textile parks will be set up under Scheme for Integrated Textile Parks (SITP) in Gujarat; one at Ahmedabad and second in Surat, informed Union Textile Minister Shankersinh Vaghela. By setting up such parks, state? textile industry will get impetus in terms of economic growth and adding news jobs. With up coming three new textile parks, total number of parks will go up to five. He also said that Rs100 crore will be invested to establish textile plaza at Jahangir Mill compound in Ahmedaba