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US government tries clearing way for new quotas on China 's apparel
A group of textile industry associations began Wednesday reacting to the recent elimination of textile quotas by asking the Bush administration to rapidly re-impose limits on textiles and apparel from China . In order to clear the way to new quotas on China 's imports, the US government will appeal a December Court's injunction to suspend all related procedures, the lawyers of the US Justice Department Wednesday said.
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China , India and Pakistan on US Cotton Apparel Market
China , India and Pakistan are expected taking advantage of quotas' elimination on US cotton apparel market, partly due to their low costs and fully integrated industries from cotton to garments. India and Pakistan could face more or less difficulties in competing with China , however, depending on categories. Both countries were clearly protected by low limits until now imposed on China 's products.
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New rebound in prices of polyester intermediates
With US oil prices not far from US$50 again, polyester prices will certainly not fall in the short term. They even rose in the past seven days in China , stimulated by higher MEG and PTA prices in Asia but also by stronger demand from filament weaving industry.
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Rebound in Korea Denim Imports in 2004
Korea 's denim imports rebounded in 2004 after falling in 2003. In addition to a rise in shipments from China , imports from Turkey surged in the period while Indian denim makers continued gaining some ground on Korean market.
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China Safeguard Impact : Category 647/648 (Man-Made Fiber Trousers)
A US decision to maintain quotas on man-made fiber trousers from China would probably not deeply affect US sourcing strategies in this category 647/648. Average unit value of Chinese MMF trousers was so high in the past years than China 's exporters should halve prices in order competing with Bangladesh , Indonesia , Guatemala and Honduras , as indicated by our statistical report.
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Cotton prices supported by speculation
Cotton prices continued surprisingly increasing in the past week, mainly due to a rise in US futures. Speculative buying is pushing prices higher although cotton stocks are expected surging in the current season. It is not yet clear whether cotton prices will further increase or suddenly drop in the coming weeks.
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EU's Imports of Cotton Fabrics in 2004
EU's imports of cotton fabrics from Pakistan and possibly from China could sharply increase in category 2 after quotas were removed on 1 January 2005 . India continued losing ground on the market in 2004 while licensed imports from Russia and Brazil sharply rose.
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Cotton Yarn Prices in China and Pakistan
Cotton yarn prices slightly rose in China and Pakistan in the past fourteen days, in line with higher raw material costs. Demand is not so strong in China , however, ahead of new year's holidays. In Pakistan , cotton yarn prices substantially declined in the past year, as indicated by our statistical report.
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US Import Analysis : Woven Curtains
US imports of woven curtains continued surging in 2004, although less substantially than in 2003. Since the United States did not impose quotas on curtain imports, China 's competitors are being rapidly eliminated in the synthetic segment while Pakistani and Turkish suppliers of cotton curtains are more resisting.
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Cotton prices would not further rise
Cotton prices continued slightly increasing in the past week, stimulated by speculative demand in New York . Cotton Stocks will be higher at the end of the season than previously estimated, however, the US Department of Agriculture (USDA) announced. Beyond short-term speculation, cotton prices are not expected rising above current levels, as a result.
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Latest Regulations regarding Textile Trade
US CITA : New embargoes on apparel from India , Pakistan and the Philippines . Adjustment of import limits ( Cambodia ). Request for public comments on commercial availability petition under the AGOA, the CBTPA and the ATPDEA. - US Customs : General program test extended (quota reprocessing). - Hong Kong 's Trade and Industry Department : Change in scope of Textiles Trader Registration Scheme (TTRS). Transitional arrangement for exports of textiles to sensitive markets. - US Customs : Frequently Asked Questions (Quota and visa requirements). Exempting certain textile products from china safeguards. - US CITA : Determination to accept the safeguard request for investigation of imports of brassieres (Category 349/649). Adjustment of import limits ( Indonesia , Thailand , The Philippines). - Hong Kong 's Trade and Industry Department : Implementation of zero import tariff for Hong Kong origin products by the mainland.
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Sri Lanka 's clothing gets EU duty-free access
Apparel from a series of Asian countries could be offered a reduction in EU and US tariffs after the tsunami devastated parts of Sri Lanka , Indonesia , India , Thailand and Maldives Islands at the end of last month. EU could accelerate implementation of its new GSP schemes that will offer relaxed rules of origin to clothing exporters in a large number of developing nations. A bill will also be introduced in the US Congress in early February requesting a duty-free access to the US market for a series of Asian countries, including Sri Lanka and Indonesia. |
Turkey sets quotas on imports from China
Turkey decided limiting textile and apparel imports from China for a very large number of products, effective from 14 January. This is the first time a country is widely invoking the China safeguard that allows maintaining limits in the post-quota period. Industry associations in Turkey are also pressing the European Union to adopt similar measures in order to avoid a surge in EU's clothing imports from China . |
Polyester prices began recovering in China while falling in Pakistan and India
Polyester prices began rebounding on spot markets in China as a result of higher raw material costs and a sharp reduction in production. Prices fell in Pakistan and India for January deliveries, taking account of last month's price decrease on spot markets in Asia . |
Cotton yarn prices stopped falling in China and Pakistan
After declining in the past two months, cotton yarn prices could now bottom out in China , in line with stronger demand at home and on international markets. The removal in textile quotas and higher polyester prices would stimulate demand for cotton yarns in the coming months. |
Cotton prices could bottom out in coming weeks
Cotton prices could now bottom out as worldwide demand for the white fibers could be larger than initially expected. Imports from China are clearly rising as a result of the low level in US export prices compared with domestic prices. Sate-run agencies are also supporting prices in India and Pakistan although their intervention could face limits at the end. |
Exporters welcome EU stand on GSP plus scheme
Textile exporters have welcomed a statement by the EU high representative for common foreign and security policy and European Council head, Javier Solana that EU was willing to consider Pakistan 's request for inclusion in the GSP plus scheme. They said that they were not at all dismayed by the reports that 13 EU Council members had voted against removing 12 percent anti-dumping duty on export of bed linen from Pakistan They said that the anti-dumping duty and duty free status under a new GSP scheme were totally different issues and could not be linked to each other. They further said that textile exports to the EU presently were loaded with total duty of over 25 percent including 12 percent anti-dumping duty. If a GSP facility is accorded to Pakistan in the new scheme the impact of duty would be reduced to only 11.8 percent and that is too for bed linen while other textile exports would have zero duty. |
Govt to develop export market for textiles
Mushtaq Ali Cheema, the federal minister for textile industry, has said the government is working to develop market for textile products. According to an official statement, he stated this before leaving to Germany on an official four-day visit. During the visit the minister will attend the inauguration ceremony of international exhibition scheduled to be commended from January 12, statement said. He will also inspect the textile pavilion of the exhibition were many Pakistani textile exporters has set up their stalls for introduction of Pakistanis textile products for foreign buyers. The minister said there are big opportunities for joint ventures and foreign investment in Pakistan and added that they have entered in new scenario from January 1. "Now all exporters are free to export their products in world market for which quality products and competitive price are main factors," he said and added the country's export will increased by 30 percent or more as we have good demand in the international market and surplus stock but joint efforts is needed by private and public sector as this is challenge for our textile industry and textile exporters. |
Loss of $ 40 million due to delayed exports
The textile exporter had to bear loss of $ 40 million for not sending last their products of quota through the last flight, on December 31,2004 , just before abolition of textile quota and imposition of WTO. Chairman Pakistan Knitwear and Sweater Association Anis Marfani told a news conference that the textile products of different quota categories were not sent on the directives of Export Promotion Bureau. Later, government arranged to send these items through airplane, he said. However, only the 25 percent of total luggage could be sent and the exporters had to face loss of $ 40 million, he said and demanded the government to immediately send their luggage. |
Textile Asia in March 2005
The Federal Ministry of Investment and Privatization in collaboration with the Ecommerce Gateway is organizing the Textile Asia 2005 Exhibition and Conference from March 19 to 20, at the Karachi Expo Centre. According to a press release here on January 03, the exhibition aims to focus on the immense potential of textile machinery, accessories, raw material supplies, chemicals and allied services under one roof. It would host the major key players of the textile industry from different parts of the world to showcase their state-of-the-art products and services to a high profile audience likely to congregate from all around the globe. |
Indo-Pak committee for excellence in textile
Leaders of the All Pakistan Textile Mills Association (APTMA) and the North India Textile Mills Association (NITMA) decided to form group committees for drawing up a joint strategy to face challenges of the WTO regime. The committees would work out a joint strategy on pricing, costing and quality of textile products. They will also hold video conferences and meetings on quarterly basis. In a meeting here, APTMA Chairman Arif Saeed and NITMA President Shishir Jaipuria, who is currently leading a delegation to Pakistan , explored all possible avenues of cooperation in building up mutually beneficial business relationship. A fax release of APTMA said the leaders of two textile bodies stressed that granting of non-reporting visas to the businessmen of India and Pakistan would enhance the volume of trade between the two countries. The APTMA chairman gave the Indian textile team an overview of Pakistan's textile scenario and shared with them Pakistan textile's 2010 vision, stressing that Pakistan is well prepared to face the post apparel textile and clothing scene. Shishir Jaipuria said that the main purpose of the visit was to develop an understanding with the Pakistan textile sector and evolve a joint strategy to meet the challenges of WTO. The two sides stressed the need to take maximum advantages of the opportunities coming to India and Pakistan after the expiry of textile quota by exchanging information and data on textile industries of the two countries. The Indian delegation was taken around a local composite unit to have a closer look on the processes and machineries installed there. |
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