EU textile export volumes fell by 5 per cent in the first three-quarter period of 2005. There was a decline in sales to all major markets although shipments to China have increased. The US tops the list of buyers, pushing aside Turkey. Prices have also risen slightly since last year. EU textile exports have fallen in both volume and value for the first nine months of the year, according to latest data from Europe. Down 5 % The EU exported a total of 2.36 million tonnes of textile products in

In a bid to make the textile industry more competitive, the confederation of Indian textile industry (Citi) has made a host of recommendations to the national manufacturing competitiveness council (NMCC) regarding credit availability, removal of undue protection given to manmade fibre (MMF) producers, labour issues, data requirements and trade issues. According to Citi officials, these recommendations have been approved by the NMCC and will be soon presented to the Prime Minister. In order to

Imports of textile machinery from Korea in the last two years reveal growing capital goods imports by Indian textile industry to cash on the business opportunity in the quota-free trade environment.Textile machinery imports of 2003-04 stood at $40 million and have risen by 25 percent to $50 million by 2004-05, reported officials from the Korea Trade Centre (Kotra).Korean textile companies want to capitalise on Indian textile boom, which is expected to consolidate its textile machinery purchase w

Economic Research Service (ERS) published cotton & wool yearbook summary. The summary approved by the World Agricultural Outlook Board.World cotton ending stocks for 2005/06 (August/July marketing year) are forecast at nearly 50.2 million bales, 600,000 bales below a year earlier and nearly 2 million bales below 2001/02? record of 52.1 million. The estimated reduction this season is attributable to the continued growth in global consumption and the reduction in world production from 2004/05?

INDIAN textile firms, which are in an expansion mode following the quota phase-out, are aggressively looking at buying out textile manufacturing units in the EU and the US with the aim of relocating machinery to India. While a major shortage of domestic textile machinery has prompted firms to look at this option, the fact that a number of defunct textile mills with usable machinery are up for sale at throwaway prices in the EU and the US makes the option viable for domestic firms. For instan

BEIJING: Chinese textile export is likely to rise by 19 percent this year despite US and EU restrictions.China's National Textile and Apparel Council told that textile export this year was expected to reach $116 billion, which was at $97 billion previous year.The Council said that growth in export as compared to previous year would be a little less, but the barriers put forth by US and EU would not bear out any significant impact.Chinese textile exports witnessed a significant 40 percent rise du

Three European Union member states are joining forces to try to prevent Brussels from slapping anti-dumping tariffs on some Asian shoe exports ?mainly from China ?and avoid a rerun of the recent textiles dispute with Beijing. The Netherlands, Sweden and Denmark are preparing a joint initiative, which they hope other members of the 25-nation EU will join, demanding an end to the anti-dumping procedure, according to Thomas ?tros, the Swedish trade minister. The European Commission has been inve

HA NOI ?Garment export earnings in November were US$30 million less than in October, meaning the industry will fail to meet its yearly export turnover target of $5.2 billion. The industry exported $420 million in November, bringing the total export value to $4.32 billion in the first 11 months of this year, according to the Viet Nam Textile and Apparel Association (Vitas). Insiders said that despite the industry? great efforts, it was impossible to reap the needed $1 billion in December alone.

The textile agreement recently signed by the US and China has settled concerns of both sides, which has created a stable and predictable trade environment for businesses of both countries, said an official with China's Ministry of Commerce (MOC) Thursday. He said the agreement has provided some space for the US and other developing countries to adjust their textile trade structures, and gave Chinese textile enterprises bigger chances to explore markets. The MOC official said the agreement co

Korean Trade Centre and the Textile Committee of India are hosting a buyer-seller meet today, at Coimbtore in the South Indian state of Tamil Nadu. The confluence will provide invaluable opportunity to Indian textile magnates and businessmen to meet view and interact with textile machinery manufacturers of Korea.About 18 Korean textile machinery manufacturers are participating in this event is being held under the aegis of the Textile Committee initiatives. Textiles Committee, Government of Indi