As per the reposts of the Ministry of Trade, the total export turnover on quota garments to the US down to about $675 million in the first half of this year, which was nearly 20 percent less comparing to the same period of previous year. The exports to US market account nearly half of the country? total garment exports. Continued downfalls in the US market lead the exporters to meet the industry? annual export target of $5 billon to $5.2 billion this year. The ministry reported that some c

The EU sees China as the main culprit. Its share of the European market in the heavy-duty shoes worn by workers in the construction and catering industries is much bigger and has grown more quickly than India?. "If as a result of the investigation started today, it is demonstrated that predatory prices are practised then action will be considered," said European Commission trade spokeswoman Claude Veron-Reville. The EU could levy extra duties on shoe imports from the two Asian states if

The cotton price for spot transactions stood at 13,831 yuan (US$1,666) per ton yesterday, according to statistics from CNCotton.com, a leading cotton information portal. The price was only 12,000 yuan (US$1,445) per ton in January. It has increased steadily since March, and topped 13,862 yuan (US$1,670) in the middle of May. In the past month the spot price of cotton has been fluctuating. Yang said the gap between cotton production and consumption does exist but may not be as large as pr

The TUC is today (Tuesday) calling on the Government to host a special manufacturing summit to examine how British industry can prepare itself to tackle the threat to companies and jobs posed by the rapidly expanding Chinese economy.The call comes in ?hina, Europe and UK Manufacturing? a TUC report being presented in a speech today to a Manufacturing Institute Conference by TUC Chief Economist, Ian Brinkley. The report says that employers are wrong to think the UK can compete with the Far East b

European Union (EU) is likely to impose anti-dumping lawsuit against Vietnamese footwear industry.The EU plans to work with domestic authorities to find out the real amount of Vietnamese footwear exported to its markets. Councils of the European Commission's Directorate General for Trade informed that if the footwear increased over three percent of the EU? market share, will be inspected for dumping.Local trade veterans have recently opined that Vietnamese exports which include textile, garments

The state announced a project named ?extile Belt? at the Lotte Hotel in downtown Seoul to support Overseas Koreans Foundation (OKF).OKF president Lee Kwang-kyu informed that the project that is to support country? textile business communities overseas, will be proposed during the upcoming fourth World Korean Business Convention.The convention will be held at the Korea International Exhibition Center (KINTEX) in Koyang, Kyonggi Province from 13 to 15 September, 2005. Lee said that they have plann

Leading textiles players are likely to invest about Rs 2,500 crore in Madhya Pradesh state.Pratibha Syntex Ltd has announced to set up a towel manufacturing unit at an investment of more than Rs 500 crore in the special economic zone (SEZ) in the Dhar district near Indore.Mahavir Spinning Mills, a flagship company of Vardhman group has unleashed expansion plan of worth Rs 1100 crore in Raisen and Sehore districts. Pratibha Syntex, Maral Overseas and Nahar Spinning Mill also plan to invest in the

Global fabric production remained almost unchanged on its record level. A strong increase could be observed in South America, whereas fabric output in Asia and Europe fell slightly. The level of world yarn production did not change. Again, while South America could increase its yarn output, Asia and Europe experienced a small decline. Both yarn and fabric inventories were lower on world level. Especially in South America and Europe yarn stocks were reduced considerably, while Asian yarn inventor

In the Multi Fiber Arrangement world of quota-free trade in yarns, fabrics, and finished textiles, the Central American Free Trade Agreement (CAFTA) represents a direct threat to China? growing power?ndeed, its near-monopoly?n world textile production.If passed, CAFTA would enhance the competitiveness of Central American factories that pay higher wages higher than China and predominantly use U.S. cotton. But if CAFTA fails, U.S. cotton exports to Central America will come to an end, while U.S. i

The 1st International Textile Educational Conference organised by The Textile Association (India), under the theme Global Textile Education, will be held at Hotel Taj Coromandel in Chennai, Tamil Nadu State, India, between 1st to 4th July 2005.The prime objectives of the conference are to bring together Intellectuals, Academicians, Research Associates, Scholars, Industrialists and Students to a common platform to deliberate on important issues pertaining to global textile education and to set th