India and European Union are enjoying great deal of trade activities as EU? statistical agency revealed considerable increase in the trade from both sides.According to the statistical agency, the European Union exported goods worth 19 billion euro to India from January-November 2005, reflecting 24 percent growth over the corresponding period in 2004.India echoed the same spirit and exported goods worth 17.3 billion euro to the EU, with an increase of 17 percent over the corresponding period in 2

Chinese leather shoe manufacturers are likely to face anti-dumping duties of nearly 20 per cent in the European Union (EU) market during the year. An unnamed source close to the situation told China Daily yesterday that the European Commission is likely to impose a 4.8 per cent penalty duty on made-in-China leather shoes beginning this April. The figure will be phased up to 19.4 per cent by October, the source said. Sports shoes and children shoes will be excluded from the scope of the dut

International Monetary Fund has announced in its Selected Issues paper for India states that growth in textile exports to the US and the EU was identical in the post MFA or quotas era.The paper was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with the member country.It clearly cites the performance of Indian textiles sector in the period after the elimination of textile quotas. It states that while "exports from China to th

BEIJING- US customs have seized more than 14 mln usd worth of Chinese textile products since October last year which it says were shipped in illegally to dodge quota restrictions, the South China Morning Post reported. In a move that hurts legitimate exporters, the US government says it will now count these blocked shipments as part of the quota of embargoed textile products it plans to release this year, the Hong Kong newspaper reported. This month alone, US customs seized four mln usd of Chine

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