Chinese textile exports to Brazil have increased in the past year putting Brazilian manufacturers under pressure, said Brazilian Trade Ministry.Following this critical situation, Brazil signs up an agreement with China in Beijing to prevent Chinese textile exports to Brazil, informed Ivan Ramalho, Trade Secretary of Brazil.The agreement is to be signed up by China's Vice Commerce Minister Gao Hucheng and Ramalho.According to this agreement, Brazil will impose quotas on eight types of Chinese tex

Vietnam is in danger of quickly using up quotas in some apparel categories raising the possibility of early embargoes. US importers apparently shifted orders to Vietnam, following last year's poor experience with China. The country is however reeling from a quota corruption scandal that has named the Trade Minister as having been personally involved. The government's allocation process has also been criticised by leading exporters. Some categories of Vietnamese apparel exports to the US could

"Pakistani textile exports are subject to one of the highest tariff rates," says a new report of the Planning Commission urging the EU authorities to review their high tariffs for Pakistan. Average applied tariffs on clothing products are even larger at 45 per cent for Pakistan and India. Indeed these over and above tariffs applications are greatly hampering Pakistan's exports to developed countries, the report further regretted. The report also fears that Pakistan will have to rely on foreign

Vietnam is in danger of quickly using up quotas in some apparel categories raising the possibility of early embargoes. US importers apparently shifted orders to Vietnam, following last year's poor experience with China. The country is however reeling from a quota corruption scandal that has named the Trade Minister as having been personally involved. The government's allocation process has also been criticised by leading exporters. Some categories of Vietnamese apparel exports to the US could

The country has a deficit of about 2430 million meters of textile, Textile and Jute Minister Shajahan Siraj informed parliament Monday. Replying to Golam Mohammad Siraj (BNP-Bogra), he said the government has declared the textile as thrust sector for its development and is gradually reducing import duty and tax on capital machinery, construction material and spare parts needed for this sector. Besides, he said the interest rate on long- and short-term loans is also being gradually reduced to

Singapore`s Textile and Fashion Federation announced Tuesday several projects worth 11 million Singapore dollars (about 7 million U.S. dollars) in a bid to boost the development of the industry. According to a press release by the International Enterprise Singapore (IE Singapore), the city state`s external economy promotion agency, key projects include the establishment of a Productivity and Design Development Center and attracting more buyers to the annual Singapore Fashion Week. Scheduled to b

China agreed to limit textile exports to Brazil, where the government says the products are threatening local industry. The two countries will sign an agreement tomorrow, the Brazilian Trade Ministry said. The accord, to be signed in Beijing between Brazil's Trade Secretary Ivan Ramalho and China's Trade Vice-Minister Gao Hucheng, will set quotas for eight types of Chinese textile exports to Brazil, according to the ministry's Web site. The products account for 60 percent of Brazil's textile

SINGAPORE: The Singapore textile and fashion industry will get a fresh boost from new government initiatives expected over the next three years. The projects will help the industry generate an additional S$400 million in revenue and create an additional S$105 million in value add. This was announced at an industry event on Tuesday evening. In the next three years, fashion houses and the garment industry will get projects costing S$11 million through the Local Enterprise & Association

ISLAMABAD: The Trading Corporation of Pakistan has been barred from offering its cotton stock to the local textile industry at least in February when the growers are yet to dispose of their fresh crop. Sources said the decision to this effect was taken at a meeting here early this week with Prime Minister Shaukat Aziz in the chair and attended by Commerce Minister Humayun Akhtar, Textile Minister Mushtaq Cheema, Industries and Production Minister Jahangir Tareen, Food Minister Sikandar Khan B

Minister for Textile and Jute Shajahan Siraj yesterday called upon both local and foreign entrepreneurs to invest in the country's textile industry, particularly in woven sub-sector, to face the challenges of quota-free global market. "We'll have to develop the woven sub-sector to help the garments industry survive in the quota-free world," he said at his inaugural speech at the four-day long textile and RMG machinery show at Bangladesh-China Friendship Conference Centre. Some 236 exhibito