The textile and garment export target for the year seems unattainable in light of the performance in the first 11 months, a top industry official has admitted. Le Quoc An, chairman of the Viet Nam Textile and Garment Association, said with just less than a month to go for the year-end the original target of US$5.2 ?5.4 billion seemed out of reach and the revised estimate was $4.8 billion. He said by November? end, exports were only worth $4.32 billion including $1.6 billion through export quot

China Chamber of Commerce for Import and Export of Textiles has released the bid result of export quotas on 21 categories of textiles to the United States next year. Those members of the chamber of commerce can find the result from its Website. Last week, 28,296 qualified textile enterprises in China joined the bidding for export quotas on 21 categories of textiles to the US next year. The competition is very heated due to a half-year block on some kinds of products to the US, insiders sai

Washington - Viet Nam and the US have decided to further extend their bilateral garment and textile agreement until Dec. 31, 2006. A Memorandum of Understanding (MoU) to this effect was signed in Washington on Dec. 9 by Vietnamese Ambassador Nguyen Tam Chien and David Spooner, Special Textile Negotiator of the US Trade Representative. Under the MoU, the extended agreement will take effect from the signing date through Dec. 31, 2006, unless Viet Nam becomes a member of the World Trade Orga

The International Business Daily based its forecast on customs figures from the year so far, noting that China? exports of textile products in October exceeded $10 billion despite increased export taxes, the yuan appreciation and transportation bottlenecks. "The stable external demand and production growth maintained a sustainable increase of China? exports of textile garment products. By inference, China? annual exports of textile garments this year are expected to be more than $115 billion,"

Wool prices declined everywhere this week, when expressed in US$ terms. Demand is not so weak, but sales are depressed by currency variations in the Southern Hemishpere. China's wool textile production is far from surging at the same time with prices falling in Nanjing. Wool prices were once more down this week in Australia, as a result of a rise in the domestic currency. The benchmark Eastern Market Indicator (EMI) fell 8 Australian cents or 1.2 percent to 640 cents per kilo clean. Post-Newc

China's top textile manufacturer Youngor is to join hands with its Japanese and Italian counterparts Itochu and Marzotto in developing the international high-end market, according to the president of the Shanghai-listed group. The three leading garment makers and exporters in the world signed an agreement Thursday in east China's port city Ningbo, pledging all-round cooperation in technology, financing, marketing and human resources. China's textile manufacturers lag behind their internation

Highlights: - a sector looks to the future- the bi-annual view to the Wool Market"- from supplying to awakening demand: 40 speakersoffered new approaches for success in the wool marketThe 'IWTO Wool Forum Biella' ended on 29th November 2005 after welcoming more than 200 participants during its four-day run. This year's title, 'Improving Demand for Wool? was the main theme of all of the lectures. Although the market continues to be in the doldrums, the high-grade speakers were able to offer the s

With seven days to go before the World Trade Organization (WTO) Ministerial in Hong Kong (MC6), Oxfam publishes a report today highlighting the detrimental impact of US cotton subsidies and dumping on China's 46 million cotton farmers. The WTO MC6 is an important chance to move the Doha round forward and to reduce trade-distorting agricultural subsidies, including those for cotton. However, the US and the EU have resisted making deep enough agricultural reforms, slowing negotiations to a stand-s

Ministry of Commerce (MOC) of the People's Republic of China informed that in the first ten months of this year, China exported its textile goods to 224 overseas markets.During the ten months, 17 countries witnessed their textile imports from China exceed 1 billion US dollars, including the United States, Japan, Russia, Germany, the Republic of Korea, Britain, Italy, United Arab Emirates, Canada, Australia, France, Spain, Singapore, the Netherlands, Panama, Saudi Arabia and India. Chinese mainla

The textile and garment industry will not reach a full-year targeted export value of between $5.2 billion and $5.4 billion for it earned only $4.32 billion from exports in the first 11 months of this year.Chairman Le Quoc An of the Vietnam Textile and Garment Association, the sector will earn an export value of $4.82 billion this year, increasing by 10% over last year. Of which, export turnover to the US market will be $2.46 billion, up 6.5%; to the EU, $875 million, up 15%; and Japan, $405 mill