The Turkish government is set to override the concerns of the International Monetary Fund (IMF) and cut value-added tax on textile products by 10%, according to reports. Foreign trade minister Kursad Tuzmen told reporters that the cut from 18% to 8% was necessary to protect Turkish textiles manufacturers from a flood of cheap Chinese products in global markets. Thousands of jobs are at risk thanks to rising energy costs and increasing competition from China, manufacturers say. Global textile q

WASHINGTON--The Bush administration is considering the possibility of separating textile discussions in on-going multilateral trade negotiations amid warnings by U.S. textile groups that China will soon monopolize the textile industry.New data compiled by the National Council of Textile Manufacturers shows that at China's current growth rate it will have 70 percent import market share in the United States and European Union in categories not covered under the current U.S. comprehensive textile a

US textile imports from China dived downwards in February compared to one year earlier. Shipments in restricted, as well as non-limited categories, were all significantly lower compared to last year's surging volumes. Concerned over supply disruption and embargoes, importers last year placed fewer orders with China. US textile imports during February are much lower than during the same month one year earlier, according to US preliminary data Less volume in restricted categories Categories

The textiles and clothing industry in the country plans to up its exports from US $ 13 billion at present to US $ 40 billion by 2010. The removal of the quota regime had come as a big bonus for the industry. Currently, the Indian textile industry exports worth US $ eight billion to the US, one of the biggest textile markets in the world, Chella K Srinivasan, Regional President, Indo-American Chamber of Commerce, South India Council, told reporters here today. The chamber along with the Appar

The Indonesian Department of Trade and the Indonesian Textile Association (API) will this week discuss measures to safeguard the country against increasing Chinese textile imports, Bisnis Indonesia reported. Minister of Trade Mari Elka Pangestu has asked API to submit quantitative data on the legal import volume of Chinese textiles to determine the losses suffered by the domestic textile industry. Mari said any potential safeguards could only be used on legal imports. Small producers in cities

With chemical producer BASF's support, the UN organization UNIDO (United Nations Industrial Development Organisation) and the Egypt National Cleaner Production Center want to make the Egyptian textile industry more sustainable and thus more competitive: at a workshop in Cairo lasting several days, textile finishers and processors are learning how to apply BASF's eco-efficiency analysis. This analytical tool is intended to help Egyptian textile manufacturers to meet the demands of the global mark

Coimbatore: The international textile technology and machinery expo (ITGME 2006), the maiden textile machinery fair focusing on total machinery for the entire textile chain, opened here on Friday. About 300 textile/textile accessories manufacturing and marketing companies have pitched in their displays of running machinery/machinery samples/catalogues that have occupied about 1.8 lakh sq ft specially done floor area at the Codissia trade fair complex at Peelamedu here. To ensure optimum

Six out of 10 U.S.-based buyers said they would increase imports of Korean goods when a Korea-U.S. free trade agreement is forged, a survey of 182 buyers by the Korea Trade-Investment Promotion Agency, or Kotra, showed yesterday. About 70 percent of respondents forecast textile industries would benefit from augmented sales to the U.S. market, followed by other industrial sectors, ranked according to the order of preference: general machinery and parts, clothes, information technology products an

WASHINGTON, DC, United States (UPI) -- The Bush administration is considering the possibility of separating textile discussions in on-going multilateral trade negotiations amid warnings by U.S. textile groups that China will soon monopolize the textile industry. New data compiled by the National Council of Textile Manufacturers shows that at China`s current growth rate it will have 70 percent import market share in the United States and European Union in categories not covered under the current

The International Cotton Advisory Committee released the cotton production of Southern Hemisphere in 2005/06. It stated that the cotton production down significantly in 2005/06.Cotton production in the southern hemisphere is estimated at 2.3 million tons, down 13 percent from last season, and should account for only 9 percent of the world's 2005/06 crop, down from 10 percent in 2004/05 and 11 percent in 2003/04.Cotton production is estimated down significantly in Argentina to 130,000 tons (-10 p