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US
House of Representatives narrowly approves CAFTA
In a tight vote, the US House of Representatives voted narrowly
in favor of the Central American Free Trade Agreement (CAFTA)
by a two-vote majority. President Bush personally took charge
of the bill and urged wavering Republicans to support it.
Textile groups were divided over the bill with some supporting
it, some against. TOP
|
Mexico
could benefit from Yuan appreciation
Enormous increases in Chinese shipments to the U.S. ate
into Mexico's share of the North American market. An across
the board fall in prices for Chinese textiles and apparel
and the end of quotas has fuelled this boom to Mexico's
detriment. The Mexican government has enthusiastically greeted
the yuan-dollar revision but believes more should be done.
TOP |
Chinese
Statistics confirm a second EU category is exhausted
The European Union last week closed its doors to Chinese
imports of pullovers in category 5. SIGL has released figures
(reproduced below) confirming the quota in place has attained
over 118 percent. Other categories are also closing in fast
on their quota limits. TOP
|
First
half boom in Chinese apparel exports to the US could grind
to a halt
With embargoes either now in place on sensitive categories
or due to come into effect, the boom in the first five months
of Chinese apparel exports to the US should shortly grind
to a halt. EU restrictions should also take an effect in
some categories in the near future. TOP |
EU
Imports of China and India bed linen gather pace
Depressed by anti-dumping duties, EU bed linen imports from
Pakistan declined in the first five months of 2005. India
increased its share of the European market whilst China
jumped up into third place. TOP
|
Four
restricted US categories now filled
With embargoes already in place on two categories, 338/339
and 352/652 , statistical data from US Customs figures for
the 14 July also show Chinese imports for a further two
categories have also attained 100%. TOP |
US
apparel imports sharply rose in May
US apparel imports continued accelerating in May, according
to definitive data that were today released by US Department
of Commerce. Imports from China surged 158% but other Asian
countries also took advantage of a sharp rise in shipments
to the US market, such as Bangladesh and India. TOP
|
Canadian
textile workers push for government action to stem Chinese
imports
Figures confirmed by the Canadian government show a large
increase of Chinese textile and apparel imports for the
first four months of 2005. The increase outweighs shipments
from competitors such as the U.S., India and Bangladesh.
Canadian workers are now taking unprecedented action to
force Ottawa to take action. TOP |
Latest
Regulations regarding Textile Trade
- China
Ministry of Commerce: Verification and criteria of licensing
system.
-
Hong Kong Trade and Industry Department: Licensing system
and confirmation of CITA delayed decisions.
- OTEXA:
Latest Textile and Apparel Quota Embargoes.
-
Hong Kong Trade and Industry Department: China's EU
export quantities and trial run of licensing system
- US
International Trade Administration: Noting CITA's decision
to extend the China textile safeguard - cat.620
- CITA:
Federal Register notice of extension of request to investigate
cat.620
- China
Ministry of Commerce: Calculation of exports to the
EU of 10 Categories of Textiles in the First Nationwide
Distribution in 2005.
- Hong
Kong Trade and Industry Department: The Mainland of
China: Details on provisional export licenses and details
on the Memorandum of Understanding (MoU).
- US
International Trade Administration: Notice on CITA's
intention to investigate imports of Chinese curtains
and drapery.
- US
CITA: Details of certain textile and clothing provisions
of the United States Caribbean Basin Trade Partnership
Act (CBTPA).
- EU:
Commission Regulation amending on common rules for imports
of certain textile products from third countries.
-
China Ministry of Commerce: Total Volume of 10 Categories
of Textiles for EU in the First Distribution in 2005.
-
US CITA: Cancellation of Visa, ELVIS, Guaranteed Access
Level (GAL) Certification, and Exempt Certification
Requirements.
-
US International Trade Administration: Notice of Allocation
of Increased Tariff Rate Quotas on the Import of Certain
Worsted Wool Fabrics for Calendar Year 2005.
-
European Union: Council Regulation applying a scheme
of generalized tariff preferences. Notice to importers
and traders: Implementation of the Textiles Memorandum
of Understanding with China (MoU) - UPDATE.
-
China Ministry of Commerce: Temporary Management Measures
on Textile Export (Provisionality).
-
Hong Kong Trade and Industry Department: The Mainland
of China / Cessation of automatic export licensing administration
on products.
-
US International Trade Administration: Continuation
of Antidumping Duty Order (greige polyester cotton printcloth
from the People's Republic of China). TOP
|
Cotton
prices unchanged on the international market
Cotton prices did not significantly change in the last week
as markets did not pay much attention to hurricane Dennis
that just touched the US Coast. Floods in India and Pakistan
were also ignored. Demand from China remained extremely
strong in the preceding week while current price levels
are probably considered high by spinners. TOP
|
US
imposes embargoes in two categories of apparel from China
Statistical data from US Customs reveal Chinese imports
in categories 338/339 and 352/652 have reached 100%. The
National Council of Textile Associations (NCTO) has already
released confirmation that embargoes are to be immediately
applied to these two categories. Meanwhile, talks are under
way in Beijing to try and resolve trade disputes between
the U.S. and China particularly over textiles. TOP |
Textile
products export register 6.58 percent growth
Textile products export for the country registered rise
of 6.58 percent at $8.039 billion in the last fiscal against
the exports of $8.568 billion in the previous fiscal year.
TOP
|
Export
target of $ 14.41 billion achieved
Federal Minister for Trade Humayun Akhtar announcing the
Trade Policy 2005 on July 21 said that export target of
$ 14.41 billion has been reached which is an increase of
17% over last years' export level. TOP |
Boom
in Pak textile exports
The textile sector has surprised all and sundry in the country
by maintaining its global share of exports and fetching
some additional foreign exchange through a modest increase
in exports after the launching of quota-free regime. TOP
|
New
EU rules would dislocate textile made-ups and garment industries
The rules lay down the criteria for having preferential
market access to its member states which have now risen
to 25 from 15. The EU has come up with new theory of enhancing
intra-regional cooperation and for that purpose these rules
are being designed. TOP |
Cotton
yarn prices in China and Pakistan
Cotton yarn prices did not change in the past two weeks
in China, on average. With cotton prices not really moving
and demand expected to stabilize in this part of the year,
yarn prices would be maintained at the same level in the
short term. Due to the increase in polyester prices, spun
yarn prices of polyester-cotton rose in the past two weeks,
by contrast. TOP
|
Export
of textile products increased by 4.90 per cent to $7.62
bn
Pakistan’s export of textile products increased by
4.90 per cent to $7.627 billion during the 11 months (July-May)
period of the current fiscal year. TOP
|
KCCI
calls for setting up of Textile Garments Skill Development
Board
The Karachi Chamber of Commerce and Industry (KCCI) said
on July 25 that the setting up of a Textile Garments Skill
Development Board (TGDB) was a timely measure to extend
support to the garment sector. In a statement, KCCI President
Khalid Firoz and former president Siraj Kassam Teli said
the exports of the non- textile sector had reached a record
$5.842 billion.
They said the adoption of trade diplomacy in foreign trade
and the appointment of trade officers with a background
of working in multinationals and private sector organizations
had helped increase foreign direct investment into Pakistan
and had boosted the transfer of technology into the country.
A series of incentives and facilities envisaged in the 2005-
06 Trade Policy and the introduction of a zero-rated regime
in five export-oriented industries would not only help achieve
the export target of $17 billion but would also help surpass
the target.
They appealed to members of the business community to take
full advantage of the favorable export promotion policy
framework and to contribute to achieving the export target.
ICCI wants introduction of non textile products to enhance
Pak's export share. TOP |
Islamabad
Chamber of Commerce and Industry has suggested the government
to enhance
Pak's export share in the world market. President Islamabad
Chamber of Commerce and Industry (ICCI) Tariq Sadiq stressed
June 30, on the diversification of export of non- textile
products, especially engineering items to further enhance
Pakistan's export share in the world market. He said that
our country heavily relied on textile and textile products
and exports in this sector were recorded 7.627 billion dollars
in July-May 2004-05. He said that though there was a rising
trend in exports of textile and surge in imports in textile
machinery in balancing modernization and replacement but
efforts were required to further develop engineering sector.
He urged the government to give priority to this sector
to enhance its exports that would strengthen the economy
of the country.
He also asked the government to develop an engineering vision
to make a breakthrough in this sector. He further said that
government should chalk out a long -term strategy with consultation
of concerned organizations to help boost engineering sector
and by providing incentives.
PQA hands over possession of 700 acres land to Pakistan
Textile City. TOP |
The
Port Qasim Authority (PQA) has handed over possession of
700 acres land to Pakistan Textile City Limited in its eastern
industrial zone.
Secretary Textile Syed Masood Alam Rizvi said July 1, that
Rs197 million has been paid as half payment after deducting
PQA share in the equity of textile city. The rest of the
amount will be paid in next six months. Textile city will
need 1,250 acres of land to set up textile city on a large
scale basis. He said that secretary general of OICCI Zahid
Zaheer has been appointed as CEO textile city as most of
the contribution from stakeholders including Government
of Pakistan has been paid. GOP has paid Rs250 million as
50 per cent of its total share of 500 million equity, while
Sindh government made a payment of Rs100 million. Other
stakeholders mostly banks and financial institutions including
NBP, PICIC, Pak Oman, Pak-Kuwait, Saudi Pak have paid full
contribution of Rs50 million each in the equity of textile
city. Rizvi said that tender for the start of development
work will be floated shortly after finalization of land
lease agreement with PQA.
He pointed out that NESPAK was finalizing master plan in
the light of inputs made by the infrastructure committee.
Similarly, land utilization plan was also being improved
to accommodate more and more industrial units in the city,
he added. He said that Karachi Water and Sewerage Board
has reconfirmed the supply of 20 million gallon per day
through 23 inches dedicated pipeline at a cost of Rs698
million.
Similarly, Sui Southern Gas Co has committed to provide
16 million cubic feet of gas per day through a separate
line and a distribution network costing Rs168 million, he
added. Karachi Electric Supply Corporation will provide
2 mega watts of electricity during the construction phase
only on commercial rates. plant as a subsidiary. Sapphire
Textile Mills' profit jacked up by 107.3%
Textile
City has planned to generate its own electricity by setting
up a 50 mega watts power. TOP |
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