CHINA will allow its textile exporters to begin bidding on next year's US quotas early next month, a move that follows a deal signed earlier this month to reimpose quotas on 21 categories of Chinese textile shipments to the United States. The online auction, constituting 60 percent of all quotas set for public bidding for next year, will run from 8am on December 6 through midnight December 8, China's Ministry of Commerce said on its Website. All companies that have exported the covered products

The investments of Turkish businessmen in the Uzbek textile sector, the fifth largest cotton manufacturer, continue to increase. Most of the 900-million dollar investment for the 50-item investment has been hitherto financed by Turkish entrepreneurs. Turkish companies such as Sanko Holding, Menderes Tekstil and Cetinkaya are heading to Uzbekistan now. Turkish Prime Minister Recep Tayyip Erdogan? visit to Uzbekistan in December 2003 helped official relations to develop. "We can only be in the t

Since buying in the Europe has come to a halt, the markets are expecting a decline in prices of PP in December.Even as avails of PP in Europe have recorded improvement with the reopening of various plants, propylene feedstock prices are registering weakness.Manufacturers are seen resigning to the slumping regional fundamentals admitting that it would not be easy to achieve a roll over for their PP prices next month.The majority buyers are expecting a price reduction of a minimum of Euro 50/mt wh

Brazil has introduced a procedure for safeguard petitions aimed at stemming runaway growth of Chinese apparel and textile imports into the country. The measures will apply until 2008 and investigations will be made within six months of receipt of a petition. The industry and government hope to replicate the EU and US in applying pressure on China to negotiate a quick settlement. Safeguard procedure The Brazilian government has introduced procedures for petitioning for safeguard measures agains

Pakistan is actively pursuing the Bush Administration to grant market access to its textile sector in the wake of October 8 earthquake. Before this earthquake, the Bush Administration had refused to grant market access in the textile sector because their strong internal lobbies were the staunch opponents to the idea of granting market access to anyone, especially in the textile sector. ?akistan? textile sector may remain unable to perform up to the desired mark due to devastation caused by the

China's textile exports to the European Union rose by 40 per cent in the first eight months of the year, at the expense of other Asian and African clothing exporters, while overall EU textiles imports were little changed. The European Commission's latest trade figures are likely to confirm fears that developing countries are among the main losers after last January? worldwide removal of textiles quotas. They have struggled to keep up with China's large and modern clothing production facilities

Tariff-cutting proposals are hurriedly being put together in time for December's WTO ministerial meeting in Hong Kong. Industry organisations say textile and apparel should be discussed separately from other industrial products. However, there is still division over which type of tariff-cutting formula should be used. The latest round of global free trade talks at the WTO (World Trade Organisation) are heading toward the important December Ministerial meeting in Hong Kong. US and EU leaders ar

China safeguards had helped foster a positive trend in U.S. textile and apparel production over the past four-to-six months, according to the American Manufacturing Trade Action Coalition (AMTAC). AMTAC's optimism is based on new figures from the Federal Reserve on industrial production. According to the Federal Reserve, textile production rose by 0.3% in October, regaining a revised -0.3% decline of September. More importantly, says AMTAC, the report shows textile production in October has gro

Re-fixation of duty drawback rate for knitwear exports has discouraged Tirupur Exporters' Association (TEA).Though the government has raised the value cap in the drawback rate, the percentage rate of the drawback has not been given consideration, thus allowing the current rate of 6 percent to continue.Government has rejected the plea of garment industry to consider the 7 to 10 percent transaction costs, the increase in fuel price and the incidence of the service tax burden on the shippers while

The PP (Polypropylene) market of Nanjing City of Jiangsu province of eastern China registered price drops this week, razed by the announcement of the official prices by Sinopec's eastern China sales branch.At press time, the offers for PP yarn grade F401 and S1004 were marked lower at approximately RMB 10400/mt and RMB 10300/mt respectively.Benefits of PP copolymer grade were tight therefore, offers were marked higher with PP K8003 and J340 offered at approximately RMB 11900/mt. The market offer