Government has decided to strictly monitor the issue of certificates of origin so as to deal with the problem of transhipment in the country.Study conducted by United States Customs Office has revealed that many Indonesian businessmen have carried out transhipment practices for exporting garments from other countries to the US.Such practices have become frequent since the US restricted the imports of textile from certain countries, especially China.Widespread transhipment from the country is aff

World's largest cotton importer has reaffirmed its status by agreeing to buy $300 million worth cotton fiber from the US. In Memphis today, officials from China are set to sign an agreement involving seven leading closely held US cotton fibre supplier companies, which are - Allenberg Cotton Co., Calcot, Cargill Cotton, Dunavant Enterprises, Jess Smith, Paul Reinhart and Weil Brothers. China will buy about 7.5 million bales, or $2.1 billion worth cotton from US for the year ending July 1, market

Sri Lanka's apparel industry has been told to fight harder in order to compete with regional giants, India and China. Although being singled out as a dynamic sector of the country's industry by the Sri Lankan Central Bank, the Board of Investment has told firms to elevate themselves. An improving economy could however be threatened by renewed violence. Sri Lanka's economy expanded by 5.9 per cent in 2005, the country's Central Bank recently confirmed. The apparel sector was highlighted by the

Catching up fast in the last six months, India's textile exports went up to 17 billion dollar in fiscal 2005-06 from 13.50 billion dollar in the previous financial year. '' Though it was a delayed take-off after the phase-out of the WTO Agreement on Textile and Clothing, the textile exports have caught up and investment is taking place,'' Commerce Secretary S N Menon has said. After growing by a meagre five per cent in the first half of 2005-06, the textile exports shot up by an impressive 44 pe

My own initiative report on the development impact of Economic Partnership Agreements (EPAs) with African, Caribbean and Pacific (ACP) countries, adopted by MEPs on March 23, is the result of a number of wide ranging views, expressed by different political forces. The EU began negotiations on the new EPAs in 2002 with 77 ACP countries. For the past 40 years, ACP countries have been granted unilateral preferential access to the European market, under the principle of non reciprocity. With the C

The first spring run of the revamped Interstoff Asia staged at the Hong Kong Convention & Exhibition Centre last week was characterized by a high level of internationality and an enthusiastic business mood - felt by both exhibitors and visitors alike. Ms Annie Ma, Group Manager for Messe Frankfurt (HK) Ltd, said, "Interstoff Asia has evolved into a premiere marketing and sourcing platform for fashion fabrics, functional textiles and garments." "The feedback from the industry is excellent. Ma

Catching up fast in the last six months, India's textile exports went up to 17 billion dollar in fiscal 2005-06 from 13.50 billion dollar in the previous financial year. '' Though it was a delayed take-off after the phase-out of the WTO Agreement on Textile and Clothing, the textile exports have caught up and investment is taking place,'' Commerce Secretary S N Menon has said. After growing by a meagre five per cent in the first half of 2005-06, the textile exports shot up by an impressive 44 pe

China, the world's biggest importer of cotton, agreed to purchase $300 million of the fiber, reaching a record for U.S. sales of the commodity to a single country in one year. Chinese dignitaries will sign contracts with seven U.S. cotton suppliers today, bringing the country's purchase of U.S. cotton for the year ending July 1 to an estimated 7.5 million bales, or $2.1 billion, said William May, senior vice president for foreign and domestic operations for the American Cotton Shippers Associa

As the European Union's anti-dumping tariffs against China-made leather shoes took effect on Friday, Chinese shoe makers say they are suffering a double hit. Not only have orders decreased but distributors want prices dropped as some are now only ready to pay 21 yuan ($2.50) for a pair of leather shoes. The European Commission (EC), the EU ruling body, will phase in,over the next six months, a duty that will rise from 4 percent to 19.4 percent. "If EU franchisers want to shift the cost of

The president of the Inter American Bank for Development (IADB), Colombia's Luis Alberto Moreno, said Wednesday that he would continue to support the proposal for India and China to join the IADB family. "I will continue working with shareholders to find the best way for them (China and India) to join the IADB family," Moreno told a press conference, marking the close of the Bank's 47th annual meeting in Belo Horizonte, the capital of the southeastern Brazilian state of Minas Gerais. "I beli