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EU
will closely monitor 11 additional categories of imports
from China
EU's Trade Commissioner just announced that eleven other
categories will be closely monitored in addition to the
nine categories for which safeguard investigations will
be imminently launched. EU's Commission is clearly confronted
with a lack of fresh data and with substantial changes in
import levels from one month to another. Pressure from France
and Italy is also rising as elections loom in both countries.
|
Taiwan's
market for cotton yarns is rebounding
Taiwan's imports of cotton yarns sharply rose in
the past months with Pakistan and Indonesia gaining significant
market shares to India. Taiwan's exports of cotton yarns
rebounded in January in addition, thanks to a surge in demand
from China. Import and export prices fell in the second
part of 2005, following global trends in the yarn market.
|
EU
will launch safeguard investigations on nine categories
of products from China
The European Union decided launching safeguard
investigations that could lead to re-imposing quotas on
apparel imports from China for nine categories of products,
including T-shirts and cotton trousers. Safeguards could
be effective in about two months or could even be decided
in the coming weeks if an emergency procedure is launched
by EU's Commission, as requested by France.
|
US
Apparel Import Prices: China vs. Hong Kong, India, Pakistan,
Indonesia, Vietnam and Mexico
Prices of US apparel imports from China dramatically
fell in the first two months of the quota-free era. China
apparel became extremely competitive in cotton categories
when compared with products from Hong Kong, India, Pakistan,
Vietnam and India. Competition with China looks easier in
man-made fiber categories if only considering prices, as
indicated by our series of tables covering most sensitive
categories.
|
China's
apparel exports in January-February 2005
China's apparel exports only rose 28% in the first
two months of the quota-free era, although shipments to
the European Union and the United States nearly doubled.
Sales to Asia were flat while shipments to Russia even declined.
Average prices fell on the US market in US$ terms while
rising on EU's market, as a result of euro's jump from last
year.
|
Cotton
yarn prices in China and Pakistan
Cotton yarn prices did not change in China in the
past two weeks although cotton prices steadily increased.
Confronted with excess capacities in the country, China's
spinners are forced accepting lower margins. Yarn prices
even fell in Pakistan at the same time, in line with slightly
lower raw material costs.
|
China
could raise export tariffs in order to curb sales to EU
and US markets
China could significantly raise tariffs that are
imposed on textile and apparel exports since January 1st
in order to curb currently booming sales to EU and US markets.
Both Washington and Brussels already urged Beijing to apply
voluntary restrictions. After the United States launched
investigations to re-impose quotas in most sensitive categories,
EU's executive arm will decide on April 25 whether similar
actions are initiated.
|
US
Apparel Imports from China up 200% in February 2005
US apparel imports from China rose 200% in volume
terms in February, finally doubling in the first two months
of the quota-free era. Average import price of Chinese products
fell 14% in February, compared with the same month last
year. India excepted, imports from other countries looked
less strong in February than in January, prefiguring more
difficulties in competing with China in the future, unless
Washington re-imposes quotas on China apparel.
|
US
quotas on China apparel would be set at very low levels
The United States could re-impose quotas on imports from
China at extremely low levels compared with shipments of
the first quarter. According to the simulation that we just
made, the new quotas could be filled in only two to six
months after they will be effective. US safeguard actions
against China would therefore have a dramatic impact on
global apparel trade, mainly benefiting India, Bangladesh,
Pakistan, Sri Lanka and Indonesia.
|
Hong
Kong's apparel re-exports up 58% in February
Hong Kong's apparel re-exports rose 58.3% in February after
already surging 35% in January. The removal in textile quotas
clearly boosted sales to the US and the EU. The lunar year
holidays that fell in February this year did not even curb
shipments, far from it. Domestic exports dramatically declined
in February, in marked contrast, official data confirming
the fall already observed in January.
|
US
Apparel Imports: China vs. India, Bangladesh, Vietnam and
Hong Kong in First Quarter
US apparel imports from India, Bangladesh and Vietnam
were sharply up in the first quarter in a large number of
categories thanks to quotas' phase-out as of 1 January.
The boom in shipments from China did not depress exports
from low-cost competitors, far from it. Their sales to the
US market could be further boosted if the US administration
re-imposes quotas in a large number of categories, as widely
expected.
|
Polyester
prices unchanged in China, rising in Pakistan and India
Polyester prices were unchanged in China in the
past seven days after producers significantly reduced operating
rates. Stocks of polyester intermediates are piling up with
PTA and MEG prices therefore declining. Polyester prices
for April delivery were raised in India and Pakistan, following
the recent increase in raw material costs.
|
Cotton
output registered a robust increase of 47.08 per cent
The country has produced 47 per cent more cotton
this year with a record output of over 14.339 million bales
that have reached ginneries so far.
According to a report issued by the Pakistan Cotton Ginners
Association (PCGA) here on 4th April, the output registered
a robust increase of 47.08 per cent as compared to the 9.750
million bales last year.
Till April 1, 2005, a total of 14,339,852 bales of phutti
had reached ginning factories in Punjab and Sindh, whose
production ratio is about 4:1. This year, the Punjab's output
has been recorded at 11,290,470 bales and that of Sindh
at 3,049,382 (3.049 million) bales.
Their respective figures last year were recorded at 7.626
million and 2.123 million bales. This year Punjab has shown
an increase of 48.04 per cent and Sindh 43.61 per cent.
Textile mill-owners have so far bought 11,703,271 bales.
The unsold lint stocks amount to 475,997 bales, besides
unginned phutti weighing 11,941 bales.
|
China
safeguards would boost US apparel imports from India, Bangladesh,
Sri Lanka and Central America
A US decision to re-impose quotas on apparel from
China would boost exports from a small number of low-cost
countries, especially in Asia and the Americas. Since new
US limits would be very rapidly filled, US buyers are expected
shifting to other sources than China without waiting for
the final decision by Washington. Depending on categories,
India, Bangladesh but also Sri Lanka and Central American
countries could take advantage of the China safeguards,
as indicated by our statistical analysis, category per category.
For a series of low-cost countries in Asia, the dream could
become reality. The US could rapidly re-impose quotas on
a large number of products from China after three investigations
were already launched by US trade administration and six
others could be decided in the coming days.
In sharp contrast with exports from China, apparel from
other countries will continue benefiting from a quota-free
access to the US market after US limits were phased out
on 1 January. |
Latest
Regulations regarding Textile Trade
European Union: Notice of the impending expiry
of certain anti-dumping measures (polyester staple fibers
from India and Korea). Amended proposal for a council regulation
applying a scheme of generalized tariff preferences (10
Feb 05).
- China's MOFCOM : Circular on further strengthening supervision
of tussah silk market.
- Hong Kong: The Mainland of China - Forms for the issuance
and cancellation of automatic export licenses for textile
products.
US Committee for the Implementation of Textile Agreements
(CITA): Safeguard actions on imports from China/Solicitation
of public comments (cotton trousers, cotton knit shirts,
cotton and man-made fiber underwear). Request for public
comment on short supply petition (CBTPA).
- US Customs: Results of April reopening of 2004 quotas.
- European Union: Bilateral textile agreement with Serbia.
- Hong Kong: Closer Economic Partnership Arrangement (CEPA)/Goods
proposed to be produced.
US Committee for the Implementation of Textile Agreements
(CITA): Short Supply Requests (CBTPA).
- US Customs: Quota preprocessing extension, Quota charge
statement changes.
- US International Trade Administration (ITA): Revocation
of antidumping and countervailing duty orders on cotton
shop towels from Bangladesh, China and Pakistan.
- China's MOFCOM : Anti-dumping investigation on Spandex
from Japan, Singapore, Korea, USA and Taiwan.
- Hong Kong: China's Declaration manual for export of textile
products (clothing). |
Textile
exports concern on delay in refunds payment
Scores of textile exporters from across the country
are feeling "jittery" due to a delay in the payment
of their sales tax refunds because of what they term "failure"
of the Central Board of Revenue to feed thousands of badges
of sales/purchase invoices of their suppliers into the new
computerized sales tax refund system called STREAM.
The refund claims pertain to export shipments made during
the last six months or more, according to Lahore sales tax
collectorate officials. "The inordinate delay in the
payment of sales tax refunds has taken the steam out of
the CBR claims that the automation of the refund processes
and system would reduce the time period involved - between
the filing of refund claims and payment to the exporters,"
said a leading hosiery exporter on 6th April.
He said the CBR's decision to suddenly shift to its new
STREAM system without proper preparation was the cause of
inordinate delay in the payment of sales tax refunds to
the exporters.
"The new system has totally collapsed. So far only
1,500 badges have been fed into the computers. About 24,000
badges still remain to be fed. As a result, the refund payments
that should have been made to us in January are still pending,"
another exporter said.
He said textile exports had been jeopardized due to the
delays caused in the refund of sales tax to most of them,
especially the smaller exporters. When contacted, Lahore
Sales Tax Collector Nazim Salim admitted that textile exporters
were facing a "problem".
But, he said: "It was not due to failure of the STREAM
system." He said the refunds of exporters were delayed
because their "suppliers had so far not provided the
invoices to the CBR for feeding into the system".
"Until and unless all the suppliers of an exporter
provide the required invoices and information to us and
it is uploaded, we cannot issue refunds to them," he
said.
Another Sales Tax Collectorate official, who asked not to
be named, said it was wrong to blame the STREAM system for
the delay in the refund of sales tax claims. He said a couple
of exporters had already been paid their claims, which shows
that there was no problem with the system. "The problem
has arisen because the suppliers have not provided us with
the invoices," he added.
|
China's
denim fabric exports rebounded in January-February 2005
China's exports of cotton denim fabrics rebounded
in January and February 2005, due to surging demand from
other Asian countries and the removal of textile quotas.
Prices significantly rose at the same time, reflecting more
sales of higher-valued products.
|
IGATEX
2005 at the Karachi Expo Centre from April 13
The International Textile Machinery and Accessories Exhibition
(IGATEX) Pakistan 2005 will commence at the Karachi Expo
Centre from April 13.
An announcement here on 9th April said that the event will
showcase the largest-ever assortment of the latest textile
manufacturing machinery.
As many as 300 companies representing 30 countries including
the USA, Germany, Turkey, Spain, Belgium, UK, UAE, Iran,
Thailand, Singapore, Taiwan, Korea and Japan will display
their products.
According to the organizers, the main feature of the exhibition
is that the trade visitors can view the machinery of their
particular interest in operational mode and compare alternatives
under one roof and an area spread over four halls of the
Expo Centre. They announced that Federal Minister for Textile
Mushtaq Ali Cheema will visit the exhibition on April 14.
It was also pointed out that the IGATEX offers an excellent
interactive platform for textile machinery manufacturers
and has gained an international recognition as one of the
largest exhibitions of textile machinery in the region drawing
highly targeted trade visitors from all over the world.
|
Italian
textile machineries impress at IGATEX
The 4th International Textile Machinery and Accessories
Exhibition, IGATEX Textile 2005, remained the center of
the visitors’ interest on third day.
Chairman, Bangladesh Textile Mills Association, M A Awal
while visiting the exhibition said IGATEX Pakistan 2005
is an interactive platform for both the local and international
exhibitors, and it continues to attract trade visitors in
their respective fields from all over the country.
Mr. Awal accompanied by vice chairman of Bangladesh Textile
Association also met officials from Chamber of Commerce
and Site Association of Pakistan.
The machineries at the display especially Italian machineries
are receiving good response from the industry players.
Turkish, German and Swiss machineries are also demanding.
Italian trade commission has showed a real progress in terms
of attracting high profile visitors and industrialists to
display their technology.
Slexini, a brand new bleaching range machine manufactured
by Kreseld Kusters group Germany, is handed over to Zubair
Ahmed, principal of National Textile University, Faisalabad
by German consul general, Detlef Kuester. Students from
textile unit, NED, Mehran Engineering University, Sir Syed
University, Karachi University and Karachi School of Textile
and Fashion Designing along with their professors visited
Karachi Expo Centre and gained the hands on experience of
witnessing the demonstration of modern textile machinery,
manufactured internationally. |
Leghari
calls for use of IT in textile industry
Minister for Information Technology Awais Ahmad Khan Leghari
called for the use of information technology as a tool to
increase productivity and bring down costs in the textile
sector of the country.
"'With the abolition of quotas in the textile sector,
the Pakistani textile industry is now actively looking towards
the use of IT to reduce costs and increase productivity,"
he said in his address to the inaugural session of a day-long
seminar on 'the use of IT to enhance productivity in the
textile sector' in Karachi.
The event was timed to coincide with the 4th International
Textile Machinery and Accessories Exhibition (IGATEX 2005)
for which the 'who's who' of the Pakistani textile sector
is these days in Karachi.
The minister said time was ripe to make a major push for
introducing IT in the textile sector in a big way to add
value to the products. "The textile sector is the major
driver of the Pakistani economy, hence it is all the more
imperative that it should be automated and IT solutions
be used to reduce costs, enhance productivity and improve
quality," he added.
He said the contribution of the textile sector to our national
exports is between 65-67 per cent and hence any improvements
in this sector will have far reaching impacts on the national
economy.
Awais Leghari told the participants the government had already
spent nearly US $ 3 billion over the past few years for
modernization of the industry, but attention needs to be
paid to the use of IT for improving processes such as those
involved in manufacturing resource planning and computer
aided design and manufacturing. |
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