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

In the first quarter this year, Shishi city's textile fabric imports reached 27 million metres, up 40.4 percent to about US $38 million. Textile players attribute this surge to innovation and technological advancement in Shishi city. Moreover, fabric manufacturers and dyeing enterprises work in tandem and take advantage of scientific prowess the province possesses. Many enterprises have international market presence, which invites new business opportunity for Shishi textile fabric industry.

Polyester feedstock prices are now rising across the board, due to higher raw material costs and tighter supply in Asia and elsewhere. Polyester producers in China are now forced raising prices while reducing production at the same time. Oil prices could jump to US$100 in the event of a major supply disruption, this weekend said Goldman Sachs. China's polyester producers began Monday raising their prices as raw material costs are again rising in Asia. Prices of polyester staple fibers were up

The US Customs reports that 2.256 billion meters of fabric was imported during the first quarter this year, representing a 3.74 percent year-on-year drop. Import value price was pegged at $1.323 billion with an average price of $0.58 per square meter, recording a decline of 5.99 percent and 2.3 percent, respectively. China topped as exporter of fabrics to the US with 359 million meters accounting for $194 million, representing 10.6 and 17.2 percent year-on-year growth, respectively, and making

According to United States Dpartment of Agriculture's (USDA) first estimate for 2006/07, U.S. cotton production is projected at 20.7 million bales, 13 percent below the 2005/06 record. Based on Prospective Plantings of USDA, cotton area for the 2006 crop is forecast at 14.6 million acres, about 3 percent above final 2005 acreage. Harvested area, estimated at 12.9 million acres, is based on U.S. average abandonment during 1996-2003, as unusually low abandonment occurred during the past 2 year