China's textile exports will remain steady in 2006, said Cao Xinyu, vice chairman of China Chamber of Commerce for Import and Export of Textiles. Cao made the remarks at the 87th China knitted cotton textile fair held in Shanghai recently, saying the trade frictions and disputes will continuously exist in some areas in the year. Customs statistics showed that China exported 10.18 billion yuan (US$1.3 billion) worth of textiles and garments in January this year, up 23 per cent year on year.

International Service for Acquisition of Agri-Biotech Applications (ISAAA) said that increased use of bio-tech crops has helped to increase world? cumulative farm income by $27 billion. India? farm income too has increased by Rs 558 crore by the use of biotech crops.Production of insect-resistant cotton has increased farm income by $5.7 billion, since its introduction. Herbicide-tolerant soybeans have benefited greatly with income increase of more than $17 billion, the study revealed.About 8.25

The Chinese government attaches great importance to talks this week with the team sent by the Office of the United States Trade Representative (USTR), Vice Minister of Commerce Wei Jianguo said in Beijing Monday. Wei made the remark at a press conference about the second ministerial meeting between China and Portuguese-speaking countries on economic issues. In reply to reporters' questions from the press, Wei said "the two sides will exchange views on a wide range of issues of common con

Premier Wen Jiabao announced during his official visit that 84 products from Bangladesh will be granted duty-free access to Chinese markets starting now.China was expected to relax duties from July 2006, but competitive pressures and duty-free access to India has led to rescheduling of date by almost six months. The 84 goods will include garments, textiles, frozen foods, leather, jute, jute goods and plastics.This action under Asia Pacific Trade Agreement (APTA) is an attempt to increase trade w

NEW DELHI: India failed to capitalise on the free world textile market and registered only a 'moderate' export growth during the current financial year and lagged way behind arch rival China. The exports of textile and clothing from India increased by 8.21 per cent to $9.3 billion in April-November 2005. In the run up to the phasing out of quotas, studies had listed India and China as the main beneficiaries of the new global order in textile trade. China, however, has been more aggressive. W

Salem: The tax on silk yarn imported from China will be reduced to eight per cent from the existing 30 per cent, Union Minister of State for Textiles E V K S Elangovan said here today. Talking to reporters, he said the National Textile Corporation (NTC) would supply the yarn to weavers at a subsidised rate after importing it from China. He said the previous BJP government had increased the tax on the imported silk to 30 per cent from eight per cent. Union Finance Minister P Chidambaram had n

LONDON: Some of the world? best known shoe companies such as Clarks and Timberland yesterday condemned plans by Brussels to impose tariffs of up to 20% on leather footwear imports from China and Vietnam.The European Branded Footwear Coalition (EBFC), whose members employ 16,700 people in Europe, said the European Commission risked repeating the mistake of last summer? ?ra wars?over textile imports.?BFC members wonder why the Commission seems determined to give its citizens high-priced shoes in t

LAHORE: The textile industry of Pakistan is facing a serious shortage of labour and it is hindering the industry's growth, industry sources have said. Lack of institutional support, inflationary pressures and temporary movement of labour to other sectors are obstructing the growth of textile industry. A fresh investment of $5bn since 2001 has been made in the textile industry and still it has the potential to soak up another $5bn investment, but poor labour policies of the government are is

The Turkish textile Sector, known as the locomotive of export, has begun to feel the affects of the crisis due to the competition against China, high taxes and high valued YTL. Some companies have moved their factories abroad and some others have deviated to alternative sectors like tourism and construction. The sector representatives will meet with Turkish Prime Minister Recep Tayyip Erdogan on February 28 and seek solutions for their problems. Eleven factories were closed in Gaziantep while

The East China's Fujian Province saw its textile exports increase by 47.8 percent year-on-year to 483 million U.S. dollars in January, according to the provincial customs statistics. However, textile exports to the EU nations and the U.S. markets shrank due to quota restrictions, industry insiders said. Textile exports to the United States dropped by 0.67 percent, and exports to the EU saw a slowing rise of 16.29 percent, much lower than the rises of 88.8 percent and 130 percent, respect