Foreign and local investors, who shut down the garment factories in the Dhaka Export Processing Zone ( DEPZ) at Savar, 25 km west of Dhaka, following a fresh bout of workers violence on Saturday, have decided to reopen their factories on Thursday. The local and foreign owners of 92 textile factories in the DEPZ made the decision after having detailed talks about the security of their life and property in the park with the new chairman of the Bangladesh Export Processing Zones (BEPZ). The Ban

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 background

DHAKA (AFP) - Foreign investors shut down their factories near Bangladesh's capital Dhaka after thousands of textile workers staged fresh walkouts over low wages amid government calls for calm, officials said. The foreign investors announced the closures of their factories in the Dhaka Export Processing Zone (DEPZ) at Ashulia in a press conference late Saturday, Kamal Akhter, general manager of DEPZ said. "They've said that they would not open the factories unless given full protection by the

IITM 2006 Istanbul International Textile Machinery Fair will be organised with the cooperation of Turkish Textile Machine and Accessories Industries Association (TEMSAD) from May 31 to June 4 and it is learnt that a delegation of 150 pakistani buyers in association with Ecommerce Gateway will visit this fair. This visit will give positive outcomes and provide insight for Ecommerce Gateway to encourage event for Textile Ministry. Fair will showcase cotton and fiber preparation machines, yarn pr

The Taiwan Association of Machinery Industry (TAMI) in collaboration with the Lagos Chamber of Commerce and Industry (LCCI) sponsored an exhibition at Lagos, Nigeria. Group exhibited over 100 Taiwan Machinery Catalogues of machines available in Taiwan to the Nigerian market to solicit more Nigerians to invest in the Taiwan machinery. The exhibition took place for the second time in Nigeria had machine specialists from Tami available at the exhibition held at the Henry Fajemirokun Hall, Commer

THE yuan's appreciation has boosted China's imports, but has hurt its exports, said Bo Xilai, the Minister of Commerce, according to the ministry's official Website today. In the first four months of this year, the country's exports grew by 25.8 percent, but lost 8.2 percentage points. Imports rose 22.1 percent in the period, 8.8 percentage points higher than the same period last year. He also said that in the first seven months of last year, monthly imports grew by approximately 15 percen

Peter Mandelson, EU commissioner for trade, has launched a review of anti-dumping measures in the light of European companies?increasing share of manufacturing ventures in the developing world. Mr Mandelson is keen to learn lessons after imposing quotas on Chinese textile and anti-dumping tariffs on shoes from Asia over the last year. Consumer organisations, retailers and outsourced manufacturers claim the EU scored an own goal by punishing countries where Europe has a growing manufacturing pre

As the coalition government is to finish its term soon, it is planning to renovate the jute industry by inviting foreign investment. In political avenues, opposition claim that the ruling party promised before last election that jute's past glory would be restored. Japanese and Korean companies are conducting research to find more eco-friendly options of polythene and use of jute in automobile parts, aprons and burial materials, media reports. Therefore, the future of golden fibre is bright a

First quarter apparel imports from Sub-Saharan Africa to the United States has fallen over 20 per cent in volume. Much of the loss came in larger categories where China is now restricted by quotas despite AGOA-member countries being granted preferential treatment on the US market. Washington says it will now act to give AGOA an improved chance of success. US imports from Sub-Sahara Africa have again decreased in the first quarter of 2006 after volumes had fallen in 2005. Cotton apparel imports

German foreign trade is of central importance for economic growth and for the labour market in Germany. ?While ten years ago only one out of six employees in Germany was export-dependent, today it is one out of five? said the President of the Federal Statistical Office, Johann Hahlen, at a press briefing in Frankfurt/Main on the situation of German foreign trade and its interlinkage with the overall economy. According to latest results from input-output computations of the Federal Statistical O