Miguel Sebastion, Director of the Economic Office of Spanish Prime Minister said at China-Spain Entrepreneurs Commercial luncheon Party on July 22 that the Spanish government planned to invest 690 million Euros in China in the coming 3 years, which would exceed total investment in China. It is learnt that the entrepreneurs delegation accompanying with Spain's Prime Minister Zapatero to visit in China was composed by high officials of Top 25 enterprises in Spain, engaging in financing, informatio

Network Examination and Verification System on Provisional Textile Export License (hereinafter referred to as Provisional License) shall be implemented as from July 20, 2005, matters of concern are listed below, said Ministry of Commerce website.1. Provisional License will be included in Network Examination and Verification System on Export License in 2000. Serial number of Provisional License is listed with a specific order. All the other format texts and data transmission modes shall follow Ex

Leather footwear industry of Poland feels threatened by the Chinese invasion of cheap products, and two leading Polish companies will be inspected by the European Commission (EC) for the threat percieved by them.Two Polish shoe makers Wojas and Arcobaleno, selected from among 26 domestic producers who lodged a petition with the EC in May on behalf of EU shoe producers, will soon be visited by inspectors from the European Committee. The EC is expected to pass its judgement on the issue in Septemb

The era of free trade has brought in imbalances and uncertainities in the world garment and textile exports. While there exist a number of export firms unable to fulfill even fulfill the quotas provided by the Ministry of Trade, at the same time there are others unable to complete the orders due of limited quotas. According to the garment and textile management board, during the first half of the year, most export categories progressed at a lower rate than last year? corresponding period. In par

US Commerce Secretary Carlos Gutierrez stated that it is uncertain whether China and the US will attain a complete textile trade agreement like the China made deal with the EU."Whether (the consultation) leads to a so-called comprehensive agreement or not is something we'll see. We are in the talks right now and I don't want to commit to any outcome," Gutierrez said in an interview with Reuters on Friday. The United States restricted imports of some pants, underwear and other clothing from China

Turkey is most likely to benefit from the US quota restritions on Chinese textile. Seyit Sahan, CEO of Kayseri-based Sanset and MHS Textile's said cheap and unqualified Chinese textile goods were deterimental to producers in several countries. But, Sahan indicates that this has had limited impact on their company. "The increase in demand for our products continues," he notes. For Sahan, the underlying reason for this is the US embargo on Chinese textile imports. US retailers have turned to Turke

China announced that it will abolish the export tariffs imposed on 17 Chinese textile products following the European Union's new trade restrictions as of August 1. The Customs Tariff Commission (CTC) under the State Council informed that the EU has announced quantitative restrictions on 17 types of Chinese textiles as of July 20. The commission said China still collect export tariff on 51 other textile goods in a bid to control excessive expansion of textile exports. The decision was made by th

Los Angeles based fastest growing company Natural Area Rugs announced an exciting range of new additions to their popular Kenya Collection of Sisal and Seagrass Area Rugs and Sisal Wool Blend rugs. These additions increase the choice for buyers and collectors of these popular contemporary rugs. Due to an increasing demand for natural area rugs, and for the Kenya Collection in particular, it was decided that additions incorporating new designs and patterns would add to the buyers shopping experie

Post its split with parent Vardhman group of companies, the Rs 300-crore Oswal group is planning to set up a greenfield facility for textile weaving ?under the banner Vardhman Polytex Ltd (VPL) ?with an investment of Rs 150 crore. The foray will be undertaken through a joint venture company, for which VPL is in talks with a couple of European firms. Adish Oswal, MD of Oswal group, declined to divulge names of the potential joint venture partner, but said: ?e hope to finalise the JV within a mont

A significant trend of Indian textiles exports on the rise to the European Markets has been registered as per the figure released in the EU import data.Post textile quota phase growth has been impressive to the extent of surprising doubting Thomases of the industry who we skeptic at the rate the Indian exports have been growing.EU import data released recently shows January and May exports rise 11 percent to Euro 2.21 billion up over last.In the corresponding period, Indian textiles exports to U