BEIJING - China's textile exports to the United States and Europe jumped 62.7 percent in the first 10 months of 2005 following the end of a global quota system, the government said Wednesday. Total Chinese textile exports rose 20 percent to $116 billion last year, the China Chamber of Commerce for Import and Export of Textiles said. It said the share of Chinese textile exports going to the United States and European Union rose to 34 percent, up from 25.7 percent in 2004. Both the United States

FDI proposals registered were worth about $659.56 million in the January-June-2005 and they increased to $ 3137.60 million in July-December 2005 period. The Board of Investment recorded $ 1143.79 million FDI proposal in December last. Sources reported that energy sector attracted the largest FDI that remained on top during the last five to six years in the country.In FDI list, the telecom and apparel segments bagged the second and third place.The macro-economic stability, investment friendly env

Australian Wool Innovation Limited informed that in Australia, production of shorn wool bigger than 24.6 microns is forecast moderately lower in 2005/06. The Australian Wool Testing Authority (AWTA) test data for the five months ending November 2005 expose that for wool 24.6 microns and above, test volumes are down and show wool availability continuing to move away from 24 and 25 micron wool in favour of wool in the 26 to 27 micron range. It is thought that the hollowing out in the 24 to 25 micr

The latest figures from the Spanish textile research company Centro de Informacion Textil y de Confeccion (Cityc) have revealed that Spain? textile and clothing industry production and employment has continued to drop in numbers as more companies were closed due to stalling exports and increasing imports in 2005.For the whole year, preliminary numbers showed that textile and clothing exports inched up 0.4 percent to ?.5 billion, while imports rose 7.8 percent to ?0.7 billion. As a general trend,

Cotton prices were stable in December in China with spinners waiting for import tariff quotas before ordering foreign cotton. Domestic prices could resist import pressure, however, given the significant fall in Chinese production this year. Cotton prices remained extremely stable in the last month of 2005 in China. From a maximum of 14,173 yuan per ton on 1 December, benchmark 328 grade fell to 14,121 yuan on 9 December before steadily increasing to 14,168 yuan until the end of the month. Aver

China enjoyed an estimated 20% rise in revenue, profits and exports in 2005 despite trade rows with the US and the EU, according to a report from the China Chamber of Commerce for Import and Export of Textiles cited by Xinhua news agency. Sales revenue for the year totalled CNY2trn (US$250bn) as profits reached CNY66bn and exports were CNY116bn. The chamber said theincreases had been driven by a ramp up in investment into fixed assets as well as technological innovations. Sales, revenue, sale

INSTANCES of domestic export consignments facing non-tariff barriers in the US market are on the rise, as textile exports to the US grow in volumes. The restrictions are mainly in the form of shipments being subjected to rigorous labelling and marking requirements, security parameters and document verification at US ports and issues relating to compliance with labour and environmental norms, senior Government officials said. According to officials, several instances of clampdown on export cons

China emerged as the leading source of India? textiles imports in the last five years as its textiles exports to India rose by 597.26 per cent from $78.71 million in 2000-01 to $548.81 million in 2004-05, according to a study conducted by the Associated Chambers of Commerce and Industry of India (Assocham). Out of India? total global textiles imports, which stood at $597.74 million in 2000-01, China? share was $78.71 million, the Assocham study on Post ATC Competitiveness & Protectionism, ha

(Asia Pulse Businesswire Via Thomson Dialog NewsEdge)HANOI, Jan 3 Asia Pulse - A jump in garment exports to the US, not subject to quota, totalling US$1.1 billion in 2005, has helped boost the performance of the textile and garment industry, said Le Quoc An, chairman of the Vietnam Textile and Garment Association. Compared to four years ago, when Vietnam earned just $200 million from exporting quota-free products to the US, this was remarkable, he said, adding that local companies had succeeded

National Statistics Office of Philippines released the External Trade results for October 2005. It stated that the January to October total trade stands at $70.895 billion. Total external trade in goods for January to October 2005 reached $70.895 billion, a 1.5 percent growth from $69.835 billion during the same period of the previous year. Expenditures for total foreign-made merchandise slightly increased by 0.3 percent to $37.227 billion from $37.117 billion. Similarly, exports registered a ye