The European Commission agreed on Thursday to adopt duties on shoe imports from China and Vietnam in a dispute over alleged dumping of cheap footwear from the two countries. Trade commissioner Peter Mandelson has proposed duties of 16.8 percent against Vietnam and 19.4 percent on China, to be phased in over five months, starting at 4 percent in April. The tariffs will add about 1.44 euros to the price of a pair of shoes, and to help poor families, the duties will not be imposed on children's lea

EUROSTAT reported that the Industrial new orders down by 5.9 percent in euro-zone and EU25 down by 3.8 percent in January 2006.The euro-zone1 industrial new orders index2 fell by 5.9 percent in January 2006 compared to December 2005 after rises of 5.3 percent in December3 and 4.9 percent in November. EU25 new orders decreased by 3.8 percent in January 2006, after increases of 5.8 percent in December3 and 3.5 percent in November. In both zones these changes were strongly influenced by erratic ord

US Customs and Border Protection (CBP), made a great breakthrough in an endeavor to enforce U.S. trade laws and regulations, has seized $6 million textile products since February 24, 2006. This brings the total amount of textile goods seized in FY06 to more than $20 million. In the past three weeks 26 seizures were made. Almost all of those seizures were based on the violation of Chinese safeguard/quota requirements. "CBP is charged with enforcing trade laws and we continue to be focused on

The European Union will impose duties on some leather footwear from China and Vietnam next month that may add as much as10 euro to the price of a pair of shoes - and risks a backlash from China. The EU imported 5 billion euro, or US$6 billion, worth of shoes from China and Vietnam in the past year. On Wednesday, it agreed to impose tariffs starting at 4 percent, rising to a maximum 19.4 percent after five months, on some imports from the two nations starting April 7. The duties, which will

The strategic partnership between China and Russia has helped the two countries boost their trade to new level and expand their cooperation in energy, science, technology, telecommunications, finance and transportation. Figures from Chinese customs showed the trade volume between China and Russia in 2005 reached 29.1 billion U.S. dollars, up 37.1 percent year on year, which was 14 percentage points higher than the growth rate of China's total foreign trade. China is now Russia's fourth l

Karnataka government is all set to invest about Rs1400 crore to develop seven incorporated textile parks within next two to three years, by means of public private partnership (PPP).Mahendra Jain, Secretary, Commerce and Industries Department of the state said that the government plans to offer the latest infrastructure facility for these seven parks.Special purpose vehicles (SPVs) will be utilized and the government will provide upto almost 40 percent of the charges, ranging below the upper lev

HA NOI ?Viet Nam? garment manufacturers are anticipated to post revenue of US$1.37 billion from exports in the first quarter of the year, a 40 per cent year-on-year increase, reported the Ministry of Trade (MoT). The ministry expected that this month's sales alone may reach $500 million. Chairman of the Viet Nam Textile and Apparel Association said the positive performance growth was triggered by a rebound from the US and EU markets. "Viet Nam has started seeing a light recovery from last yea

After some stability, cotton prices are sliding in Pakistan.Today, cotton prices are Rs2425 per maund, sources of Karachi Cotton Association revealed.In ready cotton, about 11800 cotton bales transacted. Lodhran/Jalal Pur station dominated cotton deals with 9000 bales between Rs2450 and Rs2460 per maund. RYK recorded sale of 2000 bales between Rs2465 and Rs2475, while at Upper Sindh, only 800 bales changed hands for Rs2450 per maund.According to Cotlook Indices, A Index was 58.75 and B Index sto

The Chinese Chamber of Commerce for Import and Export of Textiles has expressed its reservations over the accuracy of the results of Taiwan's investigations into towel imports from China's mainland. On March 17, Taiwan's "International Trade Commission" (ITC) said it found large imports of cheap towels from China's mainland had caused material injury to the local towel industry. The "ITC" found that certain toweling products from the mainland are being imported into Taiwan in such quantities

Korea's import figures surpass total value of exports as the country has registered exports of $3.56 billion and imports of $3.65 billion last year, informed Ministry of Commerce, Industry and Energy.List of export commodities includes caps, gloves and other articles of clothing.Blaming Chinese supremacy in textile production, the ministry said that nation had never recorded loss in clothing trade since 1960s.Korean products are replaced with Chinese goods because of latter? cheap labour and tec