US
imports to surge in categories outside China deal
Several sensitive US categories, not included in November's
textile deal with China, risk overheating in 2006. Furthermore,
Washington recently announced all safeguard requests were
to be scrapped allowing the possibility for the current
surging import patterns to continue. New petitions could
be in the pipeline as a result. TOP
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LDC's
demand duty-free access to EU/US markets
Least Developed Countries have called upon the World Trade
Organisation to grant quota-free and duty-free access to
its products in richer markets such as the US and EU. The
US is therefore being pushed by the EU to match its "everything
but arms" duty-free access programme for poorer countries.
TOP |
Sri
Lankan Apparel exports could benefit from changing Rules
of Origin
Sri Lankan exports of apparel and textile have been boosted
by the EU's GSP-plus scheme scrapping import duties to countries
hit by the Asian Tsunami. However, Rules of Origin requirements
have made exporting a difficult task. Exporters have been
encouraged by a Lloyds of London decision to lower shipping
premiums as Sri Lanka is removed from its "war risk"
list. TOP |
Cotton
Prices could rebound in the short term
Cotton prices were mostly unchanged in the past week, reflecting
the weakness in trading in New York before the market closed
for Thanksgiving. Indian prices surged, in sharp contrast,
while Pakistani demand remained strong. Cotton Outlook released
a bullish monthly report, predicting lower stocks by the
end of the season. Demand from China jumped in the United
States, possibly boosting New York in coming days. TOP |
Polyester
prices depressed by lower oil futures
Crude oil prices were further down today in Asia, falling
below US$58 per barrel. Mild weather and high inventories
continue depressing crude and petrochemical prices. In China,
polyester prices further slipped today with decreases reaching
300 yuan per ton (4 US cents per kilo) in the last ten days.
TOP
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Brazil
introduces China safeguard procedure
Brazil has introduced a procedure for safeguard petitions
aimed at stemming runaway growth of Chinese apparel and
textile imports into the country. The measures will apply
until 2008 and investigations will be made within six months
of receipt of a petition. The industry and government hope
to replicate the EU and US in applying pressure on China
to negotiate a quick settlement. TOP |
US
announces five-day release of embargoed Chinese apparel
Washington has allowed, for five days only, the release
of ten categories of embargoed Chinese apparel. In an exceptional
announcement, CITA confirmed US importers will be able to
enter into circulation goods consisting of trousers, underwear
and shirts. TOP
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US
to continue using China safeguards
CITA has just announced an immediate end to safeguard requests
on apparel and textile imports from China. The US-China
agreement does not, however, rule out future use of safeguards
against surging Chinese apparel and textile imports not
covered in the deal. US textile organisations confirm the
possibility of further safeguard petitions should imports
again surge in the near future. TOP |
Latest
Regulations regarding Textile Trade
-US Committee for the Implementation of Textile Agreements
(CITA): Ending China safeguard investigations and limited
five-day China embargo release.
- Hong Kong Trade and Industry Department: Washington ends
safeguard investigations and five-day category release.
- Chinese Ministry of Commerce: Supervision of textiles
exported to the US under the Memorandum of Understanding
(MoU).
- US Committee for the Implementation of Textile Agreements:
Solicitation of public comments on imports from China of
cotton terry towels (363). Extension of period of determination
on four categories of apparel imports from China.
- US Customs and Border Protection: Notices of exempt ski
and snowbaord pants; cancellation of ATPDEA visa requirements;
revised worsted wool HTS numbers.
- Hong Kong Trade and Industry Department: Apparel export
quota levels; ski pant quota exemption.
- Chinese Ministry of Commerce: Total volume of textile
export quota.
- US Committee for the Implementation of Textile Agreements
(CITA): China safeguard decision delay in categories 351/651;
342/642; 359-s/659-s; 341/641.
- US Department of Commerce: Embargo on category 620 (synthetic
filament fabric).
- US Customs and Border Protection: Reopening of sock safeguard
(Categories 332, 432 and 632).
- Hong Kong Trade and Industry Department: Confirmation
of CITA decision delay.
- US-China Memorandum of Understanding: Quota levels in
2006-2008 (in English).
- US Committee for the Implementation of Textile Agreements
(CITA): Establishment of an import level for socks from
China (categories 332/432/632 part). Adjustment of Import
Limits: Vietnam.
- US Customs and Border Protection: Implementation of China
sock quota (Categories 332, 432 and 632).
- Hong Kong Trade and Industry Department: The Mainland
of China / Administrative measures on certain textile exports
to the United States.
- US-China Memorandum of Understanding: Quota levels in
2006-2008 (in Chinese). TOP |
Indian
cotton yarn prices rise 5-7%
Prices of cotton yarn on the Indian market have risen by
as much as 5-7 per cent over the last one month. This steep
increase in prices was unanticipated by the Indian spinning
mills. A number of reasons are behind this rise, however.
TOP
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WTO
textile import duties could be cut to 15 per cent
Tariff-cutting proposals are hurriedly being put together
in time for December's WTO ministerial meeting in Hong Kong.
Industry organisations say textile and apparel should be
discussed separately from other industrial products. However,
there is still division over which type of tariff-cutting
formula should be used. TOP |
US
limits to halt China synthetic fabric surge
China this year topped the list of US supplies of synthetic
filament fabrics. As a result, Washington already placed
an embargo in category 620 in the past week. In addition,
2006 limits that were agreed at the same time with China
on both categories 619 and 620 could benefit leading rivals
such as India and South Korea. TOP
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US
embargoes benefit South Asia
With higher US imports from the region in October, South
Asia is rapidly gaining ground in categories where Chinese
apparel have been embargoed. India, and other competing
nations, are hoping to take advantage of the limitations
agreed in the recent US-China textile deal, in addition.
TOP |
US
quotas could be rapidly filled in 2006
US quotas of Chinese imported apparel look set to be rapidly
filled in 2006. Actual import levels for several categories
will apparently be lower than 2005 importations. As a result,
there is a strong likelihood that US buyers will react in
placing immediate orders to beat embargoes. TOP
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Turkish
exports increased slightly in October
Turkey's apparel and textile exports rose by a slight 3.5
per cent in October. Production in textiles continues to
operate below normal and apparel output has fallen below
1997 levels in recent months. TOP |
Hong
Kong denim fabric re-exports continued to remain high in
the year to September 2005
Hong Kong's re-exports of denim fabric continued to grow
in the first three-quarter period of 2005. China accounted
for the majority of shipments. Exports to other low-cost
countries such as Bangladesh, the Philippines and Vietnam
continued to rise healthily. Prices remained lower in 2005
compared to last year. TOP
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US
Apparel Imports in September
China's share of the US apparel market fell in September.
China, however, still remained top US supplier with Bangladesh
pushing Mexico for second place. Prices of Cambodian and
Vietnamese apparel were more expensive in September than
a year ago. Egypt, meanwhile, cut prices by a quarter. TOP |
US
Home Textile Imports in January-August 2005: China vs. India
and Pakistan
US home textile imports for the first eight months continue
to show China performing strongly, increasing shipments
compared to last year. Pakistani imports in January to August
are also strong compared to last year although not so strong
as during January to July. India continues to be squeezed
by its two rivals. TOP
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US
textile imports from China in October weakened in several
important categories
US textile imports from China in October remained above
average in many categories despite falling shipments. There
were decreased imports in several important categories,
especially in the cotton aggregates, whereas a handful of
man-made fibre categories went up. TOP |
US
Apparel Imports from China continued falling in October
US imports of Chinese apparel continued a month-on-month
decline in October with significant falls in several important
categories. Only one category increased shipments compared
to September trade data. The deal brokered between China
and the US may pave the way for the easing of trade worries.
TOP
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US
and China have reached textile agreement
US and China already reached a tentative quota agreement,
according to textile industry officials. The deal would
cover the three coming years until the end of 2008 with
generally higher growth rates in quotas than planned under
the China Textile Safeguard, but lower effective limits
for most sensitive categories. TOP |
Pakistan
imposes anti-dumping duties on polyester yarn
Pakistan has placed anti-dumping duties of up to 37 per
cent on imports of polyester filament yarns. The duties
will apply to over 30 companies heralding from four Asian
countries: Malaysia, South Korea, Indonesia and Thailand.
Whilst the move is welcomed by Pakistani domestic yarn producers,
concerns have been raised over the smuggling of cheap yarns
into the country. TOP |
Pakistan
still not allowed EU GSP-plus
Pakistan will not be admitted to the European Union's GSP-plus
scheme. GSP base rates will be accorded to the country from
the start of 2006, however. EU's anti-dumping and 12 per
cent customs duties this year had an adverse effect on exports
that are significantly growing, nevertheless. TOP |
Plans
to shift production units to Bangladesh ring alarm bells
A recent announcement by Bangladesh, which offers a tax-free
investment opportunity to the Pakistani textile industry,
has attracted some of the prominent textile industrialists,
who now plan to shift their production units. TOP |
Pakistan's
exports to India depicts robust growth
Pakistan's exports to India have depicted robust growth
of 156 per cent in first three months of this financial
year. TOP |
Textile
Asia Int'l Exhibition biggest ever event in Pakistan
Over 40 international companies from 37 countries participated
in the Textile Asia 2005, including UK, Italy, Germany,
Spain, China, India, Japan, Taiwan, Korea, Belgium, Singapore,
Turkey, USA, France and Greece. Orgenisers said here on
November 18. Participation of world-renowned brands such
as Tajima, Juki, Hauser, Cintex, Richpeace, LK & H,
SLE, Data Logic, Monti Antonio, Megatron, Barudan, ZSK and
many such brands are a sure sign of success for the 3rd
Textile Asia 2006 to be held in next year. TOP |
NTC
imposes provisional antidumping duty on imports of polyester
filament yarn
The National Tariff Commission (NTC) imposed on November
13 provisional antidumping duty on imports of polyester
filament yarn into the country from Indonesia, South Korea,
Malaysia and Thailand. TOP |
USDA
predicts Pakistan would have to increase import of cotton
The United States Department of Agriculture (USDA) has predicted
that Pakistan would have to increase its import of cotton
by 400,000 bales of 480-lb each as its mill consumption
will increase by 500,000 bales. TOP
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Cotton
production goes under 24 percent drops
There is a 24.30 percent shortfall in cotton production
in the country this year compared with the previous year's
output. A total of 4.737 million cotton bales had so far
arrived at ginning factories in Punjab and Sindh, compared
with the previous year's 6.258 million bales. TOP |
Cotton
prices expected to rise in international market
Cotton prices are expected to increase by around 23 percent
in open market in 2005-06 as the world cotton production
has been estimated at 112 million bales compared with 120
million bales in 2004-05, a senior government official told
reporters. TOP |
