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

Apparel production in China stood at 1.282 billion pieces in September; this shows 21.9 percent year-on-year growth.At the same time, it has also slackened the growth, which was 30.8 percent in August (production was 1.355 billion pieces).All the categories with the weakest segment being down apparel experienced this slackening in production. Down apparel production plunged 5.5 percent, the first monthly decrease since March.Children's apparel continued to capture strong market share and grew 65

Monthly production of cotton fabric in India amounted to 1.915 billion square meters in September, down from the monthly record production realized in August of 2.016 billion square meters.Production during September recorded 8.7 percent year-on-year growth, and was the second highest month on record. All the major segments registered the sluggish growth.Handloom production came down to 2.6 percent from 12.6 percent, while powerloom production dipped to 16.8 percent from 28.0 percent in August.

WASHINGTON (AFX) - The US government dropped all pending decisions to impose quotas on Chinese textile imports after the two nations clinched a deal to regulate the trade. The Commerce Department said all 24 outstanding requests by US industry groups for so-called safeguards on textile imports had been scrapped in light of the agreement reached two weeks ago. 'The agreement establishes conditions on trade in the vast majority of products covered by these cases and provides a general framework fo

Federation of Indian Export Organisations (FIEO)? President FIEO Shri O.P.Garg stated that industry was expecting the same from quite sometime, reacting to recent increase in the Drawback rates.He added that such increase may not provide stability as after three month new exercise will begin again subsequent to the Union budget 2006. He suggested that DOR should factor the changes in international price of inputs and provides a mechanism for its adjustment during the year also. President stated

National Bureau of Statistics of China released the Industrial results for January-September, 2005.From January to September, the total volume of profits made by industrial enterprises above designated size (All state-owned enterprises and those non-state-owned enterprises with an annual sales income over 5 million yuan, same as follow) stood at 988.3 billion yuan, up by 20.1 percent as compared with the same period of previous year (same as follows, if not specifically mentioned).Comprehensive

Jute Corporation of India stated that unprecedented buoyancy prevails among the jute growers in this agricultural hinterland. Prices of raw jute, also known as golden fibre, have roomed sky-high right from the beginning of the trade season.Currently, the prices of raw jute, the real mainstay of farm economy in this region, are pegged onto Rs 1,570 or so per quintal.However, the statutory minimum support price was stipulated by the Central government at Rs 941 per quintal, according to Jute Corpo