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After an agreement with the EU last month, Chinese exports of textiles and garments continued their steady rise in June and July as per figures released by China's Commerce Ministry.During the first seven months this year, China's outbound textiles and garment exports reached US $61.5 billion. More importantly, the rise was much above May figures this year for June and July.In June, as compared to same month last year, China's global textile and garment producers recorded 28 percent higher sales
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Barred Chinese clothing shipments are piling up at European ports, prompting warnings of retail stock shortages and higher store prices just weeks after the EU moved to stem an import surge deemed a threat to jobs.
Amid concern that the European import quotas are doing more economic harm than good, Brussels is facing growing calls for their relaxation, even from France ?one of the strongest supporters of the original textiles clampdown.
Unless the Chinese quotas are loosened, retailers are
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The manufacture of garments, or so called ready-to-wear apparel, for export is also the second leading dollar earner for the economy. It has been adding about $3 billion annually to the country? foreign exchange reserves. But it has the potential to boost its dollar earning capacity to double its present volume in the next ten years or in the next few decades.The Philippines used to be one of the ten leading suppliers of RTW apparel to the world? importing countries, including the U.S., where ov
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While the Trading Corporation of Pakistan has stopped trading local cotton since August 15, local growers and ginners are apprehensive of not fetching remunerative prices for their cotton.Traders sought Government intervention and felt that the price fall should be averted so as to save the growers.TCP, however is active on selling cotton to foreign buyers at present. In all, it is reported to have sold 1.148 million bales, of which 100,000 bales were exported.Meanwhile, sources said about 50,00
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A free-trade agreement (FTA) between Australia and China could lead to the Australian wool industry providing for almost half the demand for woollen garments in China's booming clothing market.The Australian Financial Review reported this week that the WTO (textile Export Quota) FTA had the potential to lead to Australia providing up to 8 per cent of China's total wool requirements. China has reportedly shown no interest in the mulesing issue.Australia is well placed to overcome one of the key c
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After a series of talks, the US and Chinese negotiators claim to have broken ice, and see a solution to the trade dispute that has been raging between the two countries since couple of months.Chinese side led by foreign trade department official Sun Jiwen and the US team led by David Spooner concluded their meeting in San Francisco, a few hour back.Spooner informed that a comprehensive agreement to limit imports of Chinese clothing and textiles into the United States was in the offing.Since the
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Trade officials from the United States and China met in San Francisco August 16-17 to negotiate a comprehensive agreement covering imports of textiles and apparel. Any new agreement would be intended to replace the use of the safeguard mechanism that the US government and industry have been using to impose quotas on products where it has been demonstrated that imports are disrupting the US market. The negotiations were scheduled after US trade officials consulted textile industry leaders and mem
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European clothing retailers face a further headache after their quota of Chinese-made women? blouses hit an EU import ceiling on Thursday.
Retailers and some governments have already expressed concern after Chinese-made sweaters and trousers were impounded at ports and warehouses as quotas for those categories were exceeded in recent weeks.
The quotas were agreed between Brussels and Beijing in June as a way to slow soaring Chinese clothing imports entering the EU. But the quotas were quickly
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View that profit earned through the abolition of the global quota system may last very short, seems to be making rounds among industry circles. Lack of quality in fabrics manufactured by local power-looms is affecting garments quality and perpetually raising the manufacturing costs. A leading clothing company? senior official informed that their company is pressurized to import over 50 percent of the total cloth required, due to paucity of quality fabric in India.Mumbai-based Millowners?Associat
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With the elimination of world quotas this year, T-shirt shipments to the US increased during the first half of 2005. The surge from China is due to be halted by embargoes whilst neighbouring Asian countries battle it out with Latin America for T-shirt supremacy. The Central American countries are hoping in the long term to be boosted by CAFTA.
World shipments of T-shirts to the US market grew by nearly 12 percent in the first half of 2005, compared to the same period in 2004.
Post quota surge