Silk cluster has been granted a loan of $37 million which will be used to revamp and enhance manufacturing facilities. This cluster is a group of 12 manufacturers who will all receive loans.Production under this project will commence in 2008.Major export destinations include Germany, Greece, Japan, Italy and Turkey while only seven-eight percent of the total output will be consumed by domestic market.This will help cope with the rising demand for quality silk in international market. Source:

The European Union's anti-dumping duties on Chinese shoes are likely to affect the transaction of footwear at the 99th China Export Commodities Fair which is to open on Saturday in Guangzhou, the organizer said on Thursday. "As the EU has decided to impose tentative duties on Chinese shoes, most European buyers will be cautious when they place an order," said Xu Bing, spokesman with the organizing committee of the fair. Altogether 946 Chinese footwear makers were present at the 98th fair las

China and the United States wrapped up their annual trade negotiations here Tuesday with consensus reached on a series of issues. At the day-long meeting, the two sides agreed that the China-U.S. High Technology and Strategic Item Trading Working Group will be established under the China-U.S. Joint Commission on Commerce and Trade (JCCT) framework, the officials said at a press conference on Tuesday. The two sides also agreed to continue the Informal Steel Dialogue, start and strengthen the i

Washington based BISNIS informed that Uzbekistan plans by 2008 to increase cotton fiber processing to 50 percent of production from 26 percent last year, First Deputy Prime Minister Rustam Azimov said at a presentation of a government support program aimed at attracting investment to the textile industry in 2005 - 2008.Uzbekistan plans about 100 investment projects in the next four years to modernize and set up new production in the textile industry worth more than $1 billion, increasing export

Georgia can be a new route for Chinese textile to enter European Markets as Irakli Chogovadze, Georgian Minister of Economic Development offers China to participate in production and construct textile factories in Georgia.This is a good opportunity for china to evade EU impositions on Chinese textile products as Georgia enjoys GPS+ regime with EU, which has exempted 7000 brands under this scheme, Chinese media quoted the minister as saying.The minister offered to construct textile factories in G

Farmers should get valuable price for cotton as they received in maize so that they remain competitive, said Kadoma West Member of Parliament, Zachariah Ziyambi.He also added that cotton prices should be seven times higher that of maize as there are more taxes on cotton than the maize.If farmers would not get adequate prices then there would be a chance that they might give up cotton farming, Zachariah informed.Government is planning to meet the Cotton Promotion Council and other stakeholders to

Brazilian makers of raw material for shoes now not only offer black leather and traditional heels to their clients, but have developed designs, prints, moulds and different adornments that have become a race in heel; sole.It is now evident that factories of end products are not the only specialists in creativity and fashion in Brazil.Industries are creative and inspired by the elements by nature Brazilian.Brazilian factories are specializing in the tropical style, according to a stylist at the B

High Commission of India in Singapore in association with partners in India and Singapore will be organizing "Celebrating India" during April 10-16, 2006. The purpose of this cultural feast is to provide exposure to wide range of aspects of contemporary India in a focused manner, highlight the depth and diversity of India-Singapore relations in a variety of areas and showcase a representative selection of the best of Indian talent. India ?ingapore trade relations have witnessed impressive growth

Turkey's leading textile producing province, Bursa has recorded an increase of 13.9 in textile exports.Exports in value reached $220.5 million in the first quarter of this year, according to Uludag Exporters Association.While ready-made garment sector in Bursa could not achieve same results and pushed behind with 1.8 percent decline in exports during the January to March 2006.Textile manufacturers of Turkey have requested the government to cut the tax applied to clothing from 18 to 8 percent. S

China disclosed Tuesday that its trade surplus surged to $11.19 billion in March, its second-highest monthly surplus ever and a level that could feed trade frictions in advance of President Hu Jintao's visit to the United States next week. The surplus more than doubled over March of last year on soaring exports and slowing growth in imports, and nearly matched China's record monthly trade surplus of $12.02 billion, set last October. The March figures were especially significant because Chi