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

Budget this year would offer special incentives for employment generation as well as certain sectors will have opportunities for considerable value addition, said P Chidambaram, Finance Minister.Addressing the pre-budget meeting with industry leaders, he remarked that textile turf would generate more employment.He also mentioned chemicals, pharmaceuticals and automobile sector in the list of employment generators.Elaborating his views, the Minister said that textile industry has potential to gen

LAHORE: Issues such as market access, infrastructural constraints, political concerns of foreign investors and high inflation rate continued to adversely affect steady growth of the textile sector throughout 2005, the first year after phasing out of the Multi-Fibre Agreement (MFA).There was a worldwide consensus that only three countries, China, India and Pakistan, would be the leading ones in the field of textile in the post-quota regime. But the performance of Pakistan, say the textile experts

The government reopened the Benapole Land Port (BLP)for importing knit yarn from December 15.The National Board of Revenue (NBR) has suggested various steps to prevent revenue irregularities arising out of knit yarn imports through the country's Benapole land port. They are listed below: Customs commissionerate to ensure 100 percent export-oriented knitwear manufacturing units import yarn vide valid bond license.Bond commissionerate to make sure imports of knit yarn take place through letters of

The Hohenstein Institutes said around 50 representatives from the textile industry, chemical industry and dermatological university hospitals took part in a workshop on December 6 and 7, 2005 as part of the 2nd Hohenstein cluster initiative on cosmetic textiles and wellness clothing.The textile industry is very optimistic that these products will open up new target groups and markets. The functionality and effectiveness of initial products on the market is still highly disputed in some cases, ho

BEIJING: The country's exports of textile and apparel amounted to US$107.123 billion in value between January and November 2005 as per the statistics which is up by 21.12% year on year representing a share of 15.06% in total exports, as per sources said here on January 09. Further added that the exports of textile products rose 23.95% year on year to US$40.151 billion during the reviewed period, that of apparel went up 19.48% to US$66.972 billion. The largest export market of China was the US1

Indian textile and apparel industry is expanding its capacity to compete with other countries in the post quota scenario. Analysts believe insufficient skilled personnel is a major problem hampering industry progress and it requires foreign consultants to train personnel to man latest equipment and machines being imported from abroad, or even from within the country.The textile ministry has given the go ahead, to hire foreign consultants and the Apparel Export Promotion Council (AEPC) has been a

Modified control arrangements for Hong Kong's textile exports to the European Union will take effect from March 15, Hong Kong's Commerce, Industry & Technology Bureau said Friday. 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 Production Notification requirement. The bureau said the modified arrang