Textile and apparel exports to the US have picked up good momentum early this year, returning impressive figures according to preliminary reports.In February 2006, Vietnamese textiles exports will cross US $ 430 million mark and is expected to grow with the passage of time, confident industry sources said.Industry insiders say that application of auto visa granting for the US market and elimination of export quota to the EU market have boosted the stakes of this large foreign currency earner.Pre

Domestic jute industry is at stake since low duty on imports allows huge flow of jute from Bangladesh and Nepal, complained Indian Jute Mills Association (IJMA).Affecting Indian manufacturers negatively, jute and jute products from the two countries are overflowing Indian markets.Moreover, IJMA lamented for the special incentives given to Bangladesh and Nepal in terms of import duty, which has created a situation wherein Indian manufacturers feel themselves underdogs.The import duty for jute and

The EU has triggered a trade dispute against cheap shoe imports from Asia, citing "compelling evidence" of China and Vietnam illegally subsidising footwear sold in Europe last year. The move could lead to tariffs on imports from the two countries, starting on 7 April, in a bid to protect the European shoe industry. The European Commission argues that Beijing and Hanoi supported the shoe producers through various tax breaks, cheap loans and land rents and other trade-distorting measures.

According to China Textile Industry Association, the gross imports and exports of Chinese textile products and garments recorded 134.63 billion US dollars last year, a year-on-year increase of 17.9 percent and taking up 9.5 percent of the nation's total foreign trade. In 2005, the transition period after the lifting of trade quota, US and European countries have set numerous restrictions against textile products from China. That, plus the RMB appreciation, rising raw material prices and tigh

In 2005, the growth rate of Chinese-made knitted products in its domestic market reached 31.1 percent, 10.5 percentage points higher than that in the overseas market, according to the latest figures from the China Textile Network. Since 2005, although the world's textile quota was finally eliminated, China found its textiles including knitted products hard to grow fast due to increasing international trade disputes with the United States, the European Union and other trade partners. To m

Under the terms of the deal, made up of cash and assumed debt of SFr75 million, Huntsman will take over about 4,200 Ciba employees. Ciba's textile effects business, which produces dyes and other chemicals for the textile industry, has increasingly been struggling in the face of competition from cheaper Asian producers. Rumours about the future of the business had circulated since August last year when Ciba said it was evaluating all options, including a sale. In a statement on Monday, Ciba

Bangladesh exporters were unable to benefit from duty-free access to countries in the Asia Pacific because of small markets, non-tariff barriers, less demanding export items and lack of direct shipping links, exporters said.Bangladesh was given duty-free access to Australia, Thailand, China, India, Pakistan, Sri Lanka and South Korea.Footwear market of Thailand is very small, complained Tipu Sultan, President, Bangladesh Finished Leather and Leathergoods and Footwear Exporters' Association.A Ban

China has emerged as number one import source for Bangladesh, beating India for the first time, The Daily Star reported on Sunday. Bangladeshi import from China amounted to 32.14 billion taka ( 494.5 million U.S. dollars) during July-September period of the current fiscal (July 2005-June 2006) against 27.08 billion taka ( 416.6 million dollars) import from India during the same period, according to the statistics of Chief Controller of Import and Export (CCIF). "China is set to dominate

Beijing's leading international trade fair for yarns and fibres, the next Yarn Expo Spring, will take place in a more convenient venue. The China World Trade Centre is close to the new underground system and with many hotels nearby it, occupies a prime location in the heart of Beijing's Central Business District. Scheduled for 29 - 31 March 2006, Yarn Expo Spring 2006 provides a unique opportunity for fibre and yarn manufacturers to promote their latest products in one of China's fastest growing

World Trade Organization (WTO) received another proposal from the so-called Cotton Four, Burkina Faso, Benin, Chad and Mali, that the cut down on cotton subsidies should be atleast three times more than that on other goods.Cotton is the major source of income for countries in West and Central Africa, which estimate that they lose at least US $1 billion (?40 million) every year because of heavy subsidies paid by the US, the EU and China, to their local cotton sector.These countries have not yet r