GENEVA - Job losses from the lifting of global trade quotas in the textile industry have been lower than forecast, the U.N. labor agency said Monday. In a first assessment since the quotas were lifted Jan. 1, the International Labor Organization found that the situation is less dramatic than predicted, though employment in the textile industries of many countries, including in Europe and the United States, has declined. "The dire consequences that were predicted, at least up until now, have no

VANCOUVER (CP) - Two of China's most powerful politicians encouraged Canadian investors to look for new trading and business opportunities in China on Monday. Speaking to the Hong Kong-Guangdong Business Forum, Donald Tsang said Canadians have a golden opportunity to use his city to gain faster and safer access to mainland China. "The world is beating a path to the mainland market, and China is becoming a global trading juggernaut," Tsang, the Hong Kong government's chief executive, told 1,500

India has now become the second most preferred alternative after China in textiles and emerged as a "one-stop shop" for retailers and apparel companies looking for a reliable destination for their sourcing solutions, a CII study has said. After dismantling of quotas in textiles from this calendar year, South Asia holds 14 per cent and 9 per cent share in US and European markets respectively and is expected to be major gainer of safeguards on China with India soon leading the race, the study on t

The 2004-2005 China Garment Awards has started its search to find China's own top 10 national fashion brand of the year.The award ceremony will take place in March 2006.Around 200 brands have signed up for secletion ,competing for the top 10 honours that will be awarded in the fields of brand genre,quality,potential and value,among others.Dubbed by fashion doyens as "China's fashion Oscars",the annual event was lauched last year by the China National Garment Association to introduce Chinese bran

Affected by lower sales to major buyers, Taiwan's exports of polyester textured yarns have so far fallen 23 per cent in 2005. Hong Kong and China took in considerably less volume from Taiwan than last year. Sales to Spain and the US were significantly up. Prices are up on average but have been falling since March. The volume of Taiwanese exports of Polyester Textured Yarns in HS category 540233 has fallen 23 per cent, according to data from Taiwan's Customs covering January to July 2005. In va

HA NOI ?Viet Nam has so far this year earned US$2 billion in garment exports to the US, reported the Investment and Planning Department under the Ministry of Trade. In the first nine months of this year, the average price of Vietnamese garment categories which are exported to the US, dropped 3.6 per cent compared to last year? corresponding period, the department said. Government to set up energy regulatory authority HA NOI ?The Prime Minister issued a decision on Wednesday on the estab

India Carpet Export fair which saw participation of 108 exhibitors from various parts of the country with 92 international buyers, concluded on October 17, 2005, at Varanasi, in North India. During the three-day expo business deals worth over Rs 100 crore were finalised which was organised by Carpet Export Promotion Council (CEPC) and All India Carpet Trade Fair Committee (AICTFC).An interactive workshop was also held on various themes apart from showing most modern designs of carpets and wide-r

If urgent measures were not taken, the Spanish textile industry is predicted to lose about 115,000 jobs by 2010, Adri?Saws, President of the Counsel Intertextil Spanish, declared yesterday.He drew the Government's attention to the facts and sought its protection and intervention in the issues facing the textile industry of the country.Simultaneously, Saws also called upon the Spanish textile industry to reorient in times of competition, particularly from China.Speaking about the state of textile

Global machine clothing and roll covers manufacturer and supplier Xerium Technologies Inc announced that it plans to release its results for the third quarter of 2005 ended September 30, 2005, following the market close on Monday, November 14, 2005 and hold a conference call to discuss those results starting at 5 pm ET that day. The conference call will be accessible as a webcast through the company's website (www.xerium.com), following the links for investor relations and webcasts. To access th

The establishment of a Bilateral High Level Group on Trade, Investment and Economic Cooperation is on the anvil. Mexico has proposed an agreement between the two sides on the setting up of the Group and the proposal is currently under finalisation. This was indicated at a meeting between the visiting Mexican Deputy Minister of Economy, Mr. Alejandro Gomez Strozzi and Shri EVKS Elangovan, Minister of State for Commerce & Industry.Both sides acknowledged that the current size and composition o