US imports of men's and women's cotton denim trousers have fallen 11 per cent in volume during the first two months of the year. Imports from China decreased heavily while Hong Kong and Macau shipments surged. Bangladesh, Vietnam and Nicaragua were other origins favored by US buyers. Prices were stable. US imports of men's and women's denim trousers have fallen 11 per cent in volume during the first two months of the year with shipments from China significantly lower. As a consequence of n

Contrary to the initial pessimism that the end of quota regime governing global trade in textiles and clothing on January 1, 2005 has not produced any dramatic gain to India, textiles and clothing exports from the country clocked 26 per cent growth in dollar terms during 2005-06, the first full year of free trade in textiles. Latest official figures compiled by the Ministry of Textiles conclusively show that textile exports from India during the penultimate year of the 10th Five-Year Plan (2

CHINA aims for a 20 percent increase in imports and exports of high-tech products this year, a senior commerce ministry official said. Chang Xiaocun, head of the science and technology division with the Ministry of Commerce, disclosed the target during the 99th China Export Commodity Fair, the country's largest trade event that opened on Saturday in Guangzhou, capital of south China's Guangdong Province. The Chinese government has been trying to move its exports up the value chain to help buoy t

Statistics Sweden released the Inflation Rate for the Month of March 2006.It stated that the consumer prices increased on average with 0.7 percent from February to March. The annual inflation rate in March was 1.1 percent (0.6 percent in February and 0.1 percent in March 2005). CPI for March 2006 is 282.89 (1980=100).To the total increase in the Consumer Price Index (CPI) higher prices on clothing (8.1 percent) contributed with 0.4 percentage points. Higher prices on housing (0.7 percent) also c

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