In a move to sustain existence of domestic textile industry in the global market, the Namibian government has rolled out development initiatives to ensure the industry? development. Addressing a meeting on the abolition of the World Trade Organization agreement, Trade and Industry Permanent Secretary - Andrew Ndishishi stated that boosting the industry and generating employment, is the way to fight with poverty and raising the Namibians?standards of living.The event was organized by the Namibia

Come September, and power supplier of the country PTN, will raise energy costs adversely affecting the country's promising textile sector.Currently, electricity costs' up to approximately 30 percent of the operating costs in spinning operations and 18 percent for weaving sectors.Besides, most mills operate 24 hours a day and the electricity company has announced that peak hours supply defined as 6:00 p.m. to 10:00 p.m., will be twice as expensive as that utilized in off peak times. Further, stif

Shri Kamal Nath, Union Minister of Commerce & Industry, called for removal of non-tariff barriers (NTBs) to trade and said that in view of the vulnerability of developing countries to NTBs, standards and conditionalities applied to exports of developing countries should be reasonable, transparent and fair. Addressing the National Conference on ?on-Tariff Barriers for Indian Exports: Critical Inputs for the WTO Negotiations?organised by the Confederation of Indian Industry (CII) in associatio

At an official inauguration of a workshop on the commercialization of hides and skins, co-sponsored by Netherlands-based Common Fund for Commodities (CFC), the Director of Animal Health and Production Dr Musa Fanakiso stated that the country had imported over P600 million worth of textiles and leather products in the year 2004.Dr Fanakiso informed the large sum of money used to import leather products shows that the market for leather could help to expand the country? economy.To make Botswana co

Trade Minister, Mari Elka Pangestu stated that the Government will keep continuous watch on the planned relocation of Chinese industries, which were supposed to take advantage of Indonesia to prevent trade wars with the US and the EU.Mari also added that, its ok if China wants to invest in Indonesia, however we will be monitoring the distribution of Chinese goods through the customs office, see to it that China will only be taking advantage of Indonesia.However, there were no worries, as the gov

The US having already imposed import restrictions on certain Chinese apparel and textile products and with the EU mulling over them, China is now burdened with overstocks of textile goods. The ending of textile quotas, begining this year had induced Chinese producers to race for capturing maximum global share of the world textile and apparel markets, particularly from the US and European Union countries.Local textile industries as part of prepations, had mobilised and invested huge amounts of mo

Korean exports of polyester fabrics to China continued to fall in the first semester of 2005, reflecting a slowdown in demand for Korean polyester fabrics on Asian markets. Sales to Saudi Arabia continued to surge limiting the decrease in Korea's total shipments in the first half year of 2005. China's demand for Korean polyester fabrics continued to weaken in the first semester of 2005, as indicated by the lastest trade data provided by Korea International Trade Association (KITA). Shipments

Ethiopian textile and garment producer businesses are to hold a meeting of their association tomorrow at the Chamber of Commerce auditorium to secure effective utilization of the African Growth Opportunity Act (AGOA) provided by the US government to help 38 African countries to export their products quota and duty free. The association was established a few months ago. Members of the association would discuss at their meeting minutes of the association and steps to be taken to have the assoc

A Leather Technology Centre is being built in the midwestern Brazilian state of Mato Grosso do Sul. It is the first in the Midwest of Brazil. The centre will execute not only studies on cattle leather, but also on leather of other animals, like sheep, pigs, alligators, fish, capybaras, ostriches, chinchillas, and even frogs.Brazil is investing in technology to improve the quality of the leather produced in the country. The state of Mato Grosso do Sul, in midwestern Brazil, is already building th

While domestic markets are shrinking due to uninterrupted cheap Chinese imports, Turkey's textile exports and imports face a double whammy with financial crisis plaguing the industry. As a consequence textile makers are fast losing their pride position among country's top 500 industrial establishments, thanks to the banks to the unsupportive banks! The industry insiders say that though their sector earns about $14 billion in foreign exchange, the banks shy from fininacing them and offer only thr