WASHINGTON (AFX) - The US textiles industry called for new WTO curbs to prevent China wiping out the rest of the world's fabric and clothes production in a few years. While welcoming a newly agreed textiles trade deal between China and the United States, US industry leaders said the booming Asian country's 'unfair trade practices' had not gone away. In a conference call with reporters, they highlighted what they called China's 'manipulation' of its exchange rate, its alleged subsidies to manufac

The volume measure of gross domestic product increased by 2.3% in 2004-05, reports Australian Statisics Bureau release today. The 2004-05 result is weaker than the average growth of 3.7% seen over the last ten years. This reflects relatively weaker growth in private gross fixed capital formation in 2004-05 and continued strong growth in imports of goods and services. Key volume movements in expenditure on GDP in 2004-05 were: Growth in all components of household final consumption expenditure (u

September witnessed a decline in Japan's monthly production of polyester staple fiber and filament. The decrease was 10.2 percent at 22,066 tons and proved weakest within the sector.With September output registering a never-before low, monthly production dropped for ten successive months. From January to September total polyester filament production reduced by 5.6 percent to 211,911 tons.Polyester staple declined 1.9 percent to 17,785 tons in September. The nine month January-September total pol

WASHINGTON -- U.S. textile industry officials expressed support Monday for a plan to limit imports of Chinese textiles and clothing over the next three years. The trade deal was to be announced Tuesday by U.S. Trade Representative Rob Portman and Chinese Commerce Minister Bo Xilai in London. Cass Johnson, president of the National Council of Textile Organizations, was among industry officials briefed on the agreement ahead of the announcement. He said it meets the industry's key demands for pr

China and the United States are close to an agreement on the textile frictions, with hopes that the two-way textile trade situation will soon be stabilized. Anonymous US officials were quoted by AP (Associated Press) as saying that the two countries had made agreements on certain principles at the seventh round of talks on this issue, held last week in Washington. They said the deal, similar to the one between China and the European Union signed back in June, would govern China's textile exp

South Africa's clothing industry will not be protected from surging Chinese imports. Trade Unions and manufacturers have urged Pretoria to invoke safeguard measures. The government believes industry should instead be more dynamic. The textile crisis is also being blamed on the strong rand. The South African government has told industry and trade unions it will not be pursuing safeguard measures to limit cheap surging Chinese apparel imports. No China confrontation Soaring Chinese imports have

It is known that annual sale amount of children's clothes reach 6-8billion pieces, increased by 8% annually in recent years. What's more, It is forecasted that a giant children consumption market will appear in China after 2005 due to the coming 3rd procreation summit.Besides, About 2.5million potential children wear consumers will be added as the citizen drifting from village have fixed income to buy more children's wear. However, there is the phenomenon that no medium-priced children's wear ca

Industries in Denmark need to develop markets and products continuously to flourish with innovation as means for development and maintaining Denmark's prosperity, says Bendt Bendtsen, Minister of Economic and Business Affairs.Growth Report published by government provided Bendtsen an opportunity for explaining methods with which Danish industry could continue to gain.Danish textile industry, 'one of globalisation's winners', is required to improve products, production techniques and marketing po

WASHINGTON -- The Bush administration has a tentative agreement with China on imports of Chinese clothing and fabric, a deal that would resolve a festering dispute between the two nations, industry sources said.Although a few details remain to be resolved, the agreement is likely to be signed in the coming week by U.S. Trade Representative Rob Portman and Chinese Commerce Minister Bo Xilai, according to the sources, who spoke on the condition of anonymity because they had learned the details fro

HYDERABAD: After a Cabinet meeting here on Wednesday, the State Government announced a new textile and apparel promotion policy which will allow liberal allotment of land and concessions to weaving, kitting, processing and garment units. The policy aims at arresting diversion of cotton to other States such as Tamil Nadu which are earning huge revenues after making value addition and providing employment to 15 lakh persons by 2010. The textile and apparel parks will be notified as "essential