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No
WTO deal on post-quota period
Developing countries did not reach an agreement over the
textile quota phasing-out when Thursday meeting at WTO's
headquarters, in Geneva. China, India and Pakistan even
rejected the proposal by Mauritius and others to make a
study on post-quota prospects. Low-cost countries will now
seek additional tariff reduction from the EU and the US
while requesting financial help from the International Monetary
Fund (IMF) in order to limit the impact of quota elimination. |
Latest
Regulations regarding Textile Trade
WTO: Post-ATC communication from Bangladesh, Mauritius,
Sri Lanka, etc.
- US CITA : Embargoes on bras and knit fabrics from China,
solicitation of comments under China safeguard (combed cotton
yarns), adjustment of import limits (Pakistan), removal
of Elvis and visa requirements (432/632 China).
- US International Trade Administration (ITA): anti-dumping
duties on PSF from Korea.
- European Union: Transfers between limits (Korea). |
Global
Exports of Cotton Yarns
Global exports of cotton yarns continued rising in 2003,
mainly due to the increasing trade between Hong Kong and
China. Pakistan and India were still the largest exporters
on the global market along with Indonesia. Brazil and Syria
are rapidly emerging as major players at the same time thanks
to lower prices, as indicated by our statistical report.
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New
US trade law brings support to Mauritius and Laos
The US Senate Friday approved the so-called Miscellaneous
Trade Bill that offers duty-free access to Mauritian apparel
whatever the textile materials. The bill will also impose
country-of-origin labels on imported socks while granting
MFN tariff to Laotian products and extending tariff reductions
for imports of certain wool fabrics. |
Cotton
prices slightly declining, ahead of an expected fall
Cotton prices stopped falling in the United States mainly
due to the current decline of the US dollar that boosts
demand from foreign countries. Prices continued elsewhere
decreasing on international markets. Domestic prices were
stabilized in China and Pakistan while further tumbling
in India. |
Heimtextil
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Heimtextil as first, largest and most international specialized
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of Europe. This trade fair justifies its reputation as
the industry’s number one meeting point. With a
total of ten categories in the product sectors, each year
in January, Heimtextil sets a benchmark for variety in
width and depth. Its concept, however, goes well beyond
that of a trade and order platform. Besides ‘big
business’, Heimtextil is characterized by consistent
high quality and surprising innovations. Two aspects which
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|
Before
possibly surging in quota-free era
Pakistan's Home Textiles facing US embargoes
Pakistani exports of home textiles are once more filling
their quotas on the US market. Shipments are being suspended
in major categories, as a series of US embargoes could be
decided in the coming days. The end of quotas should boost
shipments to the United States with sharp competition from
China and India, however.
Once
again, Pakistani exporters of home textiles will be confronted
with unexpected losses after domestic authorities this week
suspended shipments of textile products in categories 360
(cotton pillowcases), 361 (cotton sheets), 666-P (man-made
fiber pillowcases) and 666-S (man-made fiber sheets).
As usual, the US embargoes were not really anticipated in
Pakistan although US limits were often reached in the past.
Lower growth in category 369
US authorities slightly raised levels in related categories,
but Pakistan and other low-cost countries are not allowed
borrowing from next year, since quotas will have been disappeared
in 2005.
US limits were less adjusted in 2003 as a consequence, with
embargoes looming in a large number of categories.
A ban was already decided in October in category 369-S (cotton
shop towels) after the Pakistani fill rate reached 100%
of the adjusted level.
The same part of category 369 already filled its quota in
the past year as a clear sign that Pakistani shipments could
surge in 2005.
In total category 369 (carpets, pillow covers, kitchen linen,
etc), US imports from Pakistan were only up 2.41% in the
January-September period, however, while shipments from
China surged.
Stronger results in category 666
As usual, US quota fill rate is also reaching 100% in category
666-P (MMF pillowcases) and 666-S (MMF sheets), two other
strong segments developed by Pakistani exporters in the
past years.
After sharply increasing in 2002, US imports had clearly
slowed down in 2003, however.
In total category 666 that covers a wide range of products
including sheets, tablecloths or curtains, US imports from
Pakistan were up 14.38% in the first nine months, rebounding
from a weak 3.26% increase in the past year.
US imports from China rose 59% at the same time, however,
as a clear sign that Pakistan will be exposed to sharp competition
from the PRC in the coming year.
Thanks to its quota-free access, Pakistan continued expanding
shipments to the United States in category 362 (cotton bedspreads
and quilts), ranking first with about 55% of US imports.
Shipments from China rose 38% at the same time, but from
a much lower level.
In category 363 (cotton terry towels), Pakistan is not filling
its US quota in 2004, such as in past years, reflecting
less pressure from domestic exporters.
India could be a threatening competitor in this category
in the post-quota era, in addition. |
Latest
Regulations regarding Textile Trade
US CITA: Accepting to investigate imports of combed cotton
yarns (category 301) under the China safeguard. Adjustment
of import limits: Philippines, Egypt, and Pakistan.
- Hong Kong's Trade and Industry Department: Abolition of
China's export quota administration on certain silk products.
|
Cotton
yarn prices further fell in China while rebounding in Pakistan
Prices of cotton yarns were again down in China over the
past two weeks, as a result of a continued weakness in demand.
Prices sharply rebounded in Pakistan to levels not seen
since past summer, as a consequence of higher cotton prices
in the two first weeks of November.
|
Record
investments in textile sector
Record investments have been made in the textile sector
during the past three months, reaching around Rs 1 billion
for up gradation of textile units to face the challenges
of WTO, said Chaudhary Mushtaq Ali Cheema, Federal Minister
for Textile Industry. Talking to reporters at 'Country House'
recently, he expressed satisfaction over the expansion in
the textile units. This process was initiated about four
years ago, and most of the exporters-cum-manufacturers have
already replaced old machinery with latest state-of-art
machinery, he said. This will improve the quality of their
products and help face their competitors in the international
markets. "Investment of four billion (Rupees) was made
in the textile units situated in the Industrial belt of
Khurrianwala during last 4 years," he said and added
that on the completion of this expansion phase, new investors
would establish new units. In this connection three major
projects including Garment City, Value Addition City and
Faisalabad Industrial City are being undertaken. He said
that this phase would not only give a quantum jump to the
textile exports but also offer thousands of new job opportunities
in the country. He was very optimistic about the future
of the textile sector and said that in next phase foreign
investors would also start investing in textile sector.
He hoped that they would prefer joint ventures in the manufacturing
of textile related machinery, chemicals and dyes to further
strengthen its foundation of the textile sector. |
Govt.
lobbying for zero duty in EU
The government has decided to start extensive lobbying to
seek zero rated duty for country's goods in the European
countries after February 2005.
President Pervez Musharraf, Commerce Minister Humayun Akhtar,
and Secretary Commerce Ministry Tasneem Noorani would pay
visits to the European countries to convince their leaders
that Pakistan deserves special treatment for its fight against
terrorism.
In a recent briefing to the President on Commerce Ministry
affairs the commerce ministry floated this proposal.
The Minister discussed the emerging scenario with the textile
industrialists in a meeting here on 6th November including
the GSP draft recently received by the Commerce Ministry.
"We have handed over the GSP draft to the consultant
for evaluation who is expected to give his comments next
week" the sources said.
The meeting discussed various options by taking into consideration
the new GSP Scheme of EU in addition to suspension of antidumping
duty imposed by European Commission on Pakistani bed linen.
In view of the upcoming visit of the Prime Minister of Pakistan
to China, collaboration and cooperation in textile with
China was also discussed.
The Commerce Minister apprised the exporters that government
was making all-out efforts for market access in USA by convincing
Washington to lower the tariffs on Pakistani products.
It was decided that lawyers will also be hired to plead
the case of Pakistan for getting GSP plus. |
Govt.
plans for FTA with China
A high-level committee constituted by the government will
work out measures for initiating dialogue on the proposed
Free Trade Agreement (FTA) with China.
The commerce ministry recently said that the committee comprises
senior officials of the ministry to work out modalities
of the agreement in consultation with the relevant stakeholders
said an official sources.
A similar committee has been constituted by the Chinese
government for the same purpose, added the official.
A similar committee has been constituted by the Chinese
government for the same purpose, added the official.
The committee, the official said would start consultation
with the relevant stakeholders on the items to be placed
under the sensitive list - not to be considered for duty
reduction.
Last year, Pakistan and China had signed preferential trade
arrangement (PTA) on November 3, 2003, which became effective
from January 1, 2004.
Under the PTA, China has given preferential tariff on 777
items including garments, textile made-ups, leather products
and fruits, vegetables. In return, Pakistan has offered
similar concessions on around 192 items to China. |
Italy
invites 12 textile managers for training
The Italian Trade Commission has organized a training program
for Pakistani Textile Managers in Milan, Italy from November
17 to 20, 2004.
This is third time that Italy has invited Pakistani textile
managers, technicians for technical training program.
This time 12 selected delegates from different textile mills
would be participating in this program.
Eng. A. R. Daudpota of Italian Trade Commission Karachi
will lead the delegation. Dr. Emilio De Matteis, Italian
Trade Commissioner said in a release that Pakistani delegates
would attend workshops on operation of Italian textile machinery
and visit Italian leading textile mills.
All the expenses will be borne by CEAM Group International
Milan. |
TCP
invites EOI's for cotton exports
The Trading Corporation of Pakistan (TCP) will invite expressions
of interest from the interested parties for the export of
20,000 cotton bales recently procured by it from the market.
The decision to export cotton was taken in a recent meeting
chaired by Prime Minister Shaukat Aziz, said an official.
The TCP has received 40,000 bales so far at their godowns.
The TCP had signed agreements with cotton ginners for the
purchase of 3,35,000 cotton bales, he said.
He further said the cotton could be exported to any country
coming up with good purchase price for cotton, be it India
or any other country.
He said the TCP would invite exporting tenders for the remaining
20,000 cotton bales, afterwards. |
Cotton
prices sharply falling on international markets
Cotton prices were sharply down on international markets
in the past week. Although demand was stronger, prices again
declined due to the rise in offered quantities. Production
estimates were once more raised with record arrivals probably
leading to lower cotton prices in the coming weeks. Domestic
prices did not fall in China and India as authorities pledged
supporting prices, but they clearly decreased in Pakistan.
|
Polyester
prices are raised in major producing countries
Polyester prices for November delivery were raised in a
large number of producing countries. Prices rose in the
United States, Taiwan, and Pakistan after raw material costs
were boosted by record oil prices in the past month. Spot
prices declined at the same time in China, reflecting weakness
in demand and lower costs in the past week. |
Canada's
denim imports and exports are falling
Canada's imports and exports of cotton denim fabrics sharply
fell in the first eight months of the year, reflecting lower
apparel production at home and a radical change in US market
for denim fabrics.
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