In 2005/06, USDA estimates that China accounted for 40 percent of world cotton consumption, making China? forecast absolutely crucial when forecasting global consumption.1 USDA? past estimates are based in large part on statistical information from China, particularly yarn production data from the National Bureau of Statistics (NBS), and USDA? forecasts have been largely based on trends in these data. China? first national economic census recently led to a large revision in NBS?estimate of calen

WASHINGTON ?Vietnam has agreed to abolish "prohibited" subsidies to its textile and apparel industry as part of a trade deal it reached with the U.S. here Sunday, marking a major step in the Southeast Asian country's bid to join the World Trade Organization.The U.S. and Vietnam announced an agreement in principle Sunday after five days of talks here and expect to sign the deal in the near future, possibly as early as June.Vietnam is trying to become the 150th member of the WTO, which would bring

Russia has decided to prevent import of light industry? products, especially of textile. However, at present, Russia has asked China to supply all textile products. It is reported that clothing sales in Russia are about US $30 billion each year, and Chinese clothing enjoys a major chunk of this sale. In 2005, the amount of clothing import was more than $1 billion, of which, China accounted for around 90 percent. Russia has begun to prevent textile import in order to check imports of Chinese t

India has decided to impose 108 percent anti-dumping duty on Chinese silk fabrics; hence Chinese companies have deplored this decision of Indian government.Indian government argued that last month, Chinese silk manufacturers exported silk at very low price, and consequently Indian silk industry suffered.To avoid this situation, India has planned to levy 57 to 108 percent temporary tax on Chinese silk fabrics?exporters, media sources reported. Source:

Australian wool prices again rose in US$ terms this week, reflecting a much stronger demand in 2006. Very low wool stocks in China are also explaining the current rush for wool, whatever currency exchanges. Thanks to a rising euro, wool prices were not really higher in euro terms this week, in addition. A wave of optimism is submerging the wool profession in Australia after prices this week rose in local currency terms, although the Australian dollar further increased against the US dollar. Th

NEW DELHI, MAY 11: Chinese clothing exports to the European Union have surged 47% last year to 16.5 billion euro as compared to India? 32% at 3.07 billion euro, following dismantling of quota regime in January 2005. However, India is becoming price competitive compared to China in some items such as girls skirts, female shorts, blouses and men? shirts. While these two countries have become the major beneficiaries of the quota abolition, exports from their competitors like Tunisia, Morocco, Tur

A textiles trader Roshan, based in the lively city of Shaoxing asserts the initial three months in China were tormenting for him. He said, he could not understand a word and considered that it was a blunder he committed coming here. Roshan is one among 1,200 odd Indian nationals working in Shaoxing, situated three hours drive down south of Shanghai and on the southern province of the Yangtze delta. Shaoxing is widely recognized as the textiles capital of China and even from Asia. It has the m

Volume and value of transactions of commodity and raw materials at exchange of Turkmenistan, country? centre of foreign trade, have increased in the recent months. Local media revealed that over US $160 million worth of transactions were recorded in the last one week. According to exchange sources, cash purchase of polypropylene was made by Turkish, the US, UAE, British Virgin Islands and Kazakh businessmen. All oil products came from Turkmenbashi complex of oil refineries. Lint-cotton, cotto

Statistics reveal Vietnam earned a bright outlook for export of leatherette shoes after the European Commission (EC)implemented the anti-dumping lawsuit on leather capped - shoes as per the records avaiable for the first two months of 2006. During January-February, the EU accounted for 95 percent of exports yielding around US $8.62 million and representing almost 171.77 percent rise from same period 2005. Major markets in EU included Germany, England, France, Spain, Belgium and Austria. Accor

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