At the Pacific Basin Economic Council's annual meeting, Hong Kong's convention center Chinese Vice Premier Wu Yi furiously criticized the US for restricting textile imports from China, saying that America should have organized to resolve the trade friction with trade talks. Wu said that it was but natural for countries to have some friction as global trade ties economies closer together. "The factor is how to handle this friction," she added.Wu said that the US decision to restricting Chinese te

The new textile export deal was made out after hours of negotiations between Chinese commerce Minister Bo-Xilai and EU Trade Commissioner Peter Mandelson in Shanghai on Friday.According to an agreement signed by China and EU, the growth in exports of ten categories of Chinese textiles to the EU markets would be restrained to up to 12.5 percent a year by the end of year 2007.The export restrictions ranging from 8 percent to 12.5 percent a year, would apply to textiles products that includes T-shi

Now there is a new hat that provides users with compartments to place personal items safely and securely so they do not get lost.New product concept developer Invent-Tech launches new idea for fashion.When clothing designers such as Christian Dior, Betsy Johnson, and Jean Paul Gautier, embark on a new creation, is it just color theory, fabric texture and perhaps a plunging neckline they are thinking about? Do you think they ever wondered if their clothing lines could serve a practical purpose in

Global trade has benefitted fro the ending of the textile quotas, says World Trade Organisation Chief Supachai Panitchpakadi He also noted that some countries required to had to adjust to the change, in a speech Monday to the biggest Asia-Pacific business organization, the Pacific Basin Economic Council.It is a known fact that the ending of textile quotas statrted acrimonious tussle between China, the US and the EU with the last one having agreed to relent pressure on Chinese imports under subje

Quotas are very slowly filling, only two weeks after the United States effectively reimposed limits on major categories of imports from China. The currently low level in quota fill rates could indicate a sharp deceleration in imports from China. US customs could also be slow in effectively monitoring imports under the new quotas. Quota fill rates are surprisingly low only two weeks after Washington reimposed limits on a long list of imports from China. In category 347/348 (cotton trousers) fo

Largest producer of men's shirts and suits in China, Youngor Group informed that Indian and Asian manufacturers are snatching its orders from US and EU, due to the trade friction between China with EU and US.Companies such as, Marks & Spencer, Polo Ralph Lauren and Tommy Hilfiger imports nearly 50,000 shirts per month from the company, said chairman Li Rucheng.The trade disputes has created a negative impact on Chinese enterprises," he added, "For the third quarter, we are seeing changes as

The standoff between China and the EU climaxed to reach for an agreement in solving the vexxed issue of textile trade dispute. In May, the European Union (EU) announced imposition of safeguard measures on certain Chinese textile imports, on claims of harming the domestic apparel and textiles makers in face of soaring imports after the expiry of the textile global quota on January 1, 2005. EU Trade Commissioner Peter Mandelson and China's Minister of Commerce Bo Xilai met yesterday in Shanghai wh

A phenomenal 50.9 percent growth in US exports to India was registered during Jan-Feb 2005 compared the corresponding periodin 2004. The figures indicate that teh rate of exports growth from US to India was much higher than Indian exports to the US. India? exports to the US grew at a rate of 18.3 percent during the period Jan-Feb 2005 compared to the corresponding period in 2004. The bilateral trade between India and the US continued to grow and registered a growth of 26.1 per cent during the pe

Australia, home of the world? finest Merino wool and the world? largest Merino sheep flock is also, unfortunately, home to a particularly aggressive species of fly, Lucilia Cuprina. Beautiful name, but ugly reputation.These blowflies specifically target Merino sheep and, without going into gory detail, can very easily lead to the sheep becoming infested and eventually dying a painful death. To prevent these deaths, Australian farmers remove a strip of skin from the rear end of the lambs, prevent

The budget brought cheers for local chemical manufacturers of Pakistan while ushering in protectionist measures by increasing customs duty on the import of 1,870 items, and imposing taxes on 16 other items proposed in the Budget 2005-06.An increased slab of 15 percent besides four existing bands of 5 percent, 10 percent, 20 percent and 25 percent have been proposed for local industry and trade to prosper.In a bid to rationalize tariffs, about 190 items (tariff lines) would be kept at 15 percent.