MUMBAI, JAN 24: The Union ministry of textiles has revised its export target to $85 billion by 2010 from $50 billion. The ministry has revised its target in the wake of surging exports to the US and EU countries with the opening up of multi-fibre agreement (MFA) on January 1, 2005. Confirming the development, textiles minister Shankarsinh Vaghela told FE, ?e are eyeing a target of $85 billion of exports by 2010. Post- quota, our exports to the US have grown by over 27% and by over 20% to the E

LAHORE: There has been very little investment in the value added textile sector as compared to other sectors of textile industry during last five years, although the value added textile exports registered 61 percent increase in this period, official data reveals.Both the knitwear and garments sectors fetched only five percent of $5 billion investment from 1999-00 to 2004-05, according to data released by an official agency.According to the data the spinning and fibre sector attracted 46 percent

The South African clothing and textile industry has responded favorably to an announcement that China is to voluntarily reduce its clothing and textile exports to South Africa, according to local Business Day on Monday. A reduction in Chinese imports would help revive the domestic industry, said Aaron Searll, CEO of South Africa's biggest clothing and textile manufacturer, Seardell Investment Holdings, on Friday. He said that clothing imports from China had risen 40 percent in the past n

The unit price of Chinese textile exports to the United States and the European Union last year dropped considerably, which may lead to more antidumping measures from the two markets this year, the China Chamber of Commerce for Import and Export of Textiles said. Figures from Chinese customs show that in the first eleven months of 2005, the country exported 1.29 billion pieces of knitgoods worth 3.93 billion U.S. dollars to the United States, with average unit price reaching 3.05 U.S. dollar

The 11th five-year period (2006-2010) for China's economic and social development will be an important period for the restructuring and adjustment of China's textile industry, the International Business News reported. Regulating the textile trade order and industrial regrouping will be important tasks in the near future, the newspaper, affiliated to China's Ministry of Commerce, quoted sources with the China Chamber of Commerce for Import and Export of Textiles as saying. Thanks to globa

Japanese Denim Exports continued to decline into the second half of 2005. Shipments in November were poor overall despite slightly lower prices. Supplies to major markets such as Hong Kong and the US fall and sales to Vietnam and Italy are also weaker although China increased orders by 50 per cent. Japanese Denim Export performance figures have been slipping into the red during the second half of 2005, latest data confirm. Lower November sales The volume of bulk shipped in November for H

The Interstoff Asia Directions trend committee will present its apparel fabric trends forecast for Spring/Summer 2007 at Interstoff Asia Spring to be held from 22 ?24 March 2006 at the Hong Kong Convention & Exhibition Centre. The apparel fabric trends provide designers and textile professionals with the necessary information to guide their creative processes in line with the coming fashion season. The trends revolve around four themes: 'simplicity', 'reality', 'exoticism' and 'vacation'.Eac

The Australian Wool Market finished this week on a positive note with prices 3.8 percent higher, on average, at sales in Sydney, Melbourne and Fremantle, making a total upward movement or 5.9 percent over the last two weeks.The AWEX EMI increased by 24?(+3.7 percent), ending the week at 673?kg clean. This reflected increases of 29?(+4.4 percent) in the North, and 22?(+3.4 percent) in the South, with their corresponding Regional Indicators finishing the week at 687?and 662?clean respectively. The

Ministry of Commerce of the People's Republic of China (MOFCOM) reported the import and export results of Beijing for 2005.Total import and export of Beijing was US$125.85 billion in 2005, import was US$94.93 billion and export was US$30.92 billion, up by 28.3 percent and 49.5 percent separately. Total import and export of Beijing enterprises exclusive of enterprises directly under the central government amounted to US$40.32 billion, up by 43.6 percent; import was US$23.22 billion and export was

Confederation of Brazilian Hides and Skins Industries (CICB) reported that Brazil? leather exports generated sales worth $131.9 million in December 2005, up 16 percent, compared to sales of $113.8 million during the year before.Brazilian leather exports for the year 2005, reached $1.29 billion compared to $1.40 billion in 2004, registering a growth of 8 percent, the report said.Imports of Brazilian leather for the year 2005 by South Korea was worth $38.9 million, up 62 percent, compared to $24 m