The United States Congress has appropriated $13 million to support the National Textile Center (NTC). The funding is for research designed to make the U.S. textile industry more competitive globally. This is the highest level of funding the NTC has ever received, and it represents a 30% increase over Fiscal Year 2005. Senator Richard Shelby (Republican - Alabama, chairman of the Commerce, Justice, and Science Appropriations Subcommittee, noted that Congress considers increased funding for

U.S. and Chinese trade representatives have announced a three-year agreement aimed at reining in U.S. imports of Chinese textile and apparel products in all or parts of 34 sensitive categories. Ambassador Rob Portman, the U.S. Trade Representative, and Chinese Commerce Minister Bo Xilai signed the pact in London where they were attending a meeting of World Trade Organization members Nov. 8. The agreement, the result of nearly two months of negotiations, could help stop surges in Chinese te

In the recent times, South Korea imposed dumping duties against polyester (PE) textured yarn manufacturers from Taiwan, Malaysia, and China.Among Taiwan's textile producers on the list were Lealea Enterprise Co, Tun Yun Textile Co, and Hualong Corp.Following the appeals of traders and producers of textile industry, South Korea's government carried out anti-dumping study of PE textured yarn manufacturers of Taiwan, Malaysia and China from July 2004 to June 2005.Countries which have breached the a

South Korean textile exports could grow by more than US$600m in three years following the recent US and China deal governing the latter's textile exports, according to a report by the Korea Institute for Industrial Economics and Trade. The instituteattributed the expected increaseto a forecast $24.2bn drop in Chinese exports to South Korea within three years of the new quota system. South Korea? share of the US textile market fell 1.1% to 1.7% from January to September this year, while China e

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