Indonesia's exports of textiles and textile products (TPT) rose 13 per cent year-on-year to US$7.3 billion in the first 10 months of 2005, the Indonesian Textile Association (API) said. API Executive Secretary Ernovian G. Ismy described the increase as significant amid doubt earlier that the country could survive the competition following the abolition of export quotas in January, 2005, by major markets including the United States, Canada and the European Union. Ismy said Indonesian shares in

Elimination of textile quotas has benefited Asian exports dramatically. A data by US Office of Textiles and Apparels (OTEXA) revealed that in the first post-quota year, 2005, exports to the US reached $4.6 billion, a 27 percent rise over 2004. Indian textile companies have also sold much higher volumes in 2005 at 2335 million square metres, a 22 percent increase over 2004. Indian firms sold apparels worth $2.97 billion in 2005, an increase of over 34 percent. Analysts predict that av

Free Trade Agreement has brought in a dramatic rise in exports of textiles and garments for Thailand as forecast by the Textile Institute.Thailand takes advantage of the agreement signed with other nations and from quota restrictions the US has imposed on China, said Virat Tandechanurat, the Institute Director.Thai textiles exports to US, Japan and Europe would go up 12 percent, added Virat.He said, last year the value of exports was recorded at Baht270 billion (US $6.75 billion).The increase ha

Brazilian Textile and Apparel Industry Association (ABIT) announced that in Beijing, the Brazilian government signed an agreement on the voluntary restriction of Chinese imports into Brazil. The measure satisfies the Brazilian apparel and textile sector's main demands. The sector has been working for some time in the attempt to reduce predatorily competition between the two countries. Representatives from ABIT? International Area participated directly in the negotiations with China. ABIT mulls o

Pakistani government has asked the European Union (EU) to slash tariffs for Pakistan's textile exports if possible, during 2005-06 FY, said Shaukat Aziz, Prime Minister.EU has imposed high tariff rates on Pakistani textile exports, revealed the latest report of Pakistani Planning Commission; the Commission also urged EU administration to review their high tariffs on Pakistan products.Average applied tariffs on clothing products are even higher at 45 percent for Pakistan and India.Pakistani gover

BANGKOK - Thailand's Textile InstituteMonday predicted a bright increase in export values for textiles and garments this year, thanks to free trade agreements Thailand has signed with other nations and quota restrictions the US government has imposed on China.Virat Tandechanurat, the institute director, said Thai textiles have benefited from the lifting of trade barriers and quotas under free trade agreements which would push up their export value with the US, Japan, and Europe by 12 per cent. H

ISLAMABAD: A 35-member business delegation of Bangladesh headed by President, Federation of Bangladesh Chamber of Commerce and Industry (FBCCI), Mir Nasir Hossain, called on the Federal Minister for Textile Industry, Mushtaq Ali Cheema here on Monday.During the meeting, both sides discussed a wide range of issues to promote bilateral trade between the two countries. Secretary Ministry of Textile Industry, Syed Masood Alam Rizvi and Deputy High Commissioner of Bangladesh to Pakistan, Abdul Hanan

Post elimination of quotas, Moroccan textile sector has recorded massive growth, statistics reveal. In the year 2004, a 30 percent drop was recorded in the sector, but Free Trade Agreement (FTA) with the United States helped the country make up for the loss.Jamal Eddine El-Jamali, Director, Industrial Production in the Ministry of Industry and Commerce, quoted that the surge in the investments was recorded only after the Free Trade Agreement with the US.Fruit of the Loom (FOL) and Italian textil

Overall exports from Israel, excluding that of diamonds, registered a 29 percent increase in 2005, to reach US $232.6 million.Egypt and Jordan served as top export destinations where majority of the trade was in context of qualified industrial zones (QIZs) for the combined production of duty-free goods exported to the US. Apart from direct exports to Arab countries, goods worth $12 million were exported indirectly by joint projects of Arab and Israeli companies in third countries. Israeli export

Of the total sensitive items imported by the country, cotton and silk have in particular shown decline at broad group level during the period April-November 2005.A Commerce Ministry release informs that total import of sensitive items for April-November 2005 was Rs.10756 crores compared to Rs.12452 crores during the corresponding period of 2004.This showed a 13.6 percent drop. Gross import of all commodity during same period of current year stood at Rs.373006 crores compared to Rs.298287 crores