BRUSSELS: European Union governments have refused to recognise that 13 Chinese shoemakers operate in market economy conditions, a move that will make it more difficult for them to prove that they are not selling footwear below cost. The EU is investigating claims that imports of below-cost leather and sports shoes from China and Vietnam are undercutting European shoemakers, and could introduce extra charges on imports to protect the European industry. China is currently moving from a state-c

Chinese Ministry of Commerce (MOC) presents the circular on the First Distribution Plan (FDP) in 2006 on 10 Categories of Textiles Exported to EU by the Nationwide Operators. The responsible commercial sections in all the provinces, autonomous regions, municipalities, separately listed cities, and Xinjiang Production and Construction Corps, the responsible commercial sections in the city of Harbin, Changchun, Shenyang, Xi?n, Nanjing, Wuhan, Chengdu, and Guangzhou: In accordance with Ministry of

Advancing loans to the textile industry involves high risk, yet state lender, Bank Negara Indonesia (BNI) is going to infuse funding in this sector, during 2006.Textile companies will get enhanced loans of Rp 2 trillion ($211 million) compared to 2005, said BNI President Director Sigit Pramono, after a meeting with Minister of Industry Fahmi Idris on Wednesday. Fahmi estimates the first phase of revitalization will require up to Rp 5 trillion in new investments. He met Burhanuddin Abdullah, Gove

HCM CITY ?The US has increased Viet Nam? textile and garment quotas by 7 per cent this year and bickering has begun over how those quotas should be allocated. At a meeting held in HCM City on Tuesday the ministries of Trade and Industry said they had issued a circular creating a new quota system. Circular 18 envisaged allocation on demand until June 30, Nguyen Duc Thanh, head of the trade ministry? Textile and Apparel Quota Administration Division, explained. In the second half of the year the

Minister of Commerce Bo Xilai on Friday told American businessmen that the relationship between China and United States is a win-win one, but both sides should work to make the market as big as possible rather than initiate a damaging trade war. Speaking at the American Chamber of Commerce's (AmCham) 2005 Appreciation Dinner, held at the China World Hotel in Beijing, Bo said: "If one side is successful, the other can be successful." However, he said there is a worry that some people in the U

HANOI: In order to cop with increasing input cost, furious competition in the domestic market due to reduction in import tax rates to 0-5% and US export quotas levies, Vinatex are concentrating on building trademarks to increase the value of its products, sources said here on January 10. Further added, that the group will develop 10 to 20 national brands along with Vinatex trademarks, out of which some will be advertised abroad and are also in process to buy copyrights and work with foreign part

China's T-shirt exports towards the end of 2005 started to feel the effects of US and European embargoes. Shipments for the ten months to October were higher compared to 2004 but sales to important markets were lower than during the first six months of the year. Limits for 2006 are expected to keep surging supplies from again rocketing. Chinese global T-shirt exports commenced to slow down in the latter part of 2005 with embargoes in Europe and the US taking effect. Increase not as high The y

EVEN as a misplaced hype is doing the rounds about the record growth of exports of Indian textiles and clothing in the post-quota regime, an IMF working paper has contrasted the performance of China and India and warned that India's gains would be limited "without stepped-up reforms and more investment to bolster the sector's competitiveness." In a recent study on the impact on India of trade liberalisation in the textiles and clothing sector, the Fund's senior economists, Mr Prasad Ananthakri

Ministry of Commerce of the People's Republic of China informed that the modified control arrangements for Hong Kong's (HK) textile exports to the European Union will take effect from March 15, Hong Kong's Commerce, Industry & Technology Bureau said.Exports, including re-exports, will require either a consignment-specific export license or a textiles notification under the Textiles Trader Registration Scheme to cover each consignment. Cut-and-sewn garments will also be subject to the Product

Chinese Ministry of Commerce (MOC) stated that the trade volume between China and European Union is expected to top US $200 billion in 2005.Bilateral trade in the first 11 months of 2005 reached $196.78 billion, about 15.3 percent of China's total foreign trade, a year-on-year growth of 23.6 percent, said the ministry, citing statistics from China Customs. European Union maintained China's largest trade partner in 2005 and China was European Union's second largest trade partner. The ministry sai