Japan
Denim Exports slightly up during January-July
Japan's exports of denim were up slightly in the
first seven months of 2005. Figures for the month of July,
however, show this to be in reverse after a slight decline,
especially to its major markets. China and Hong Kong accounted
for over half of all Japanese Denim exports. Prices rose slowly
over this period. TOP
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Wool
prices further falling in Australia and South Africa
Wool prices were once again down this week in Australia,
mainly due to continued weakness in demand and a last-minute
rebound in the Aussie currency. Prices also fell in South
Africa as a clear sign that global wool market is threatened
by a new rise in polyester and cotton consumption. TOP
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US
Imports of Men's Wool Suits go up slightly in January to June
2005
US imports of men's wool suits slightly increased
during the first seven months of 2005. China topped the list
of exporters to the US in volume terms whereas Italy made
the most in financial terms. Several US textile and apparel
organizations have now asked CITA to step in to investigate
China's surge in this category.
TOP
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China's
exports of W/G Shirts and Blouses increased during January-July
2005
Exports from China of Women's and Girl's woven shirts
and blouses have increased so far this year after the elimination
of world quotas. Surging exports were expected to continue
but newly filed petitions in the US could threaten future
exports. TOP
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Vietnam
struggles to compete with China's US textile conquest
Vietnam's performance on the US textile and apparel market
clearly suffered from soaring Chinese competition in the first
seven months of 2005. The country recorded only a minuscule
increase in its shipments to the US with Cotton apparel exports
actually less than last year. A deal with China is hoped to
offset internal economic problems and a faltering WTO accession
bid. TOP
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US
textile industry files new China petitions
Organizations representing the US textile industry
have lodged four more safeguard petitions on imports of Chinese
apparel and textile products. This comes just days before
a further round of talks to resolve the textile saga between
China and the US is set to get under way. The US industry
is hoping that this action will put pressure on Beijing to
adopt a more flexible approach to a deal.TOP
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US
imports of Bangladeshi apparel resisting Chinese export offensive
US imports of Bangladeshi apparel rose during the
year to July with cotton apparel exports strong. The country
has managed to cut prices in several important categories
but China reduced the gap. The government is "pleased"
with its economic performance despite recent large storms
and tidal waves battering the country. TOP
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China's
exports of Men's Suits and Trousers in July going strong in
Europe and USA
China's exports of Men's Woven Suits and Trousers
were strong during July with encouraging sales to the United
States, Russia and several European countries. Sales fall,
however, for Asian neighbors Japan and Hong Kong. Prices go
up slightly overall although actually reducing for the European
and American markets. TOP |
Latest
Regulations regarding Textile Trade
-US Committee for the Implementation of Textile Agreements
(CITA): duty-free import limitations for AGOA and ATPDEA.
Adjustment of import limits: Vietnam.
- Hong Kong Trade and Industry Department: Further details
on qualifications for Chinese enterprises participating in
2006 EU license bid.
- Chinese Ministry of Commerce: Information covering textile
exports and EU export bids.
-United States Customs and Border Protection - Memo covering
quantitative limits of apparel from Caribbean Basin Trade
Partnership countries.
- European Union: Estimation of unginned cotton for 2005/6
and reduction of guide price
- Hong Kong Trade and Industry Department: 2006 EU Quantitative
limits available for first round bidding
-Korea's exports of polyester textured yarns sharply falling
this year (Statistical Report)
-Korea's exports of textured polyester yarns were sharply
down in the January-August period, after already falling last
year, as a clear sign that polyester textile industry is rapidly
declining in the country. Sales to China dramatically decreased,
reflecting relocation of facilities to the neighboring giant.
-European Union: Anti-dumping duty on Chinese polyester filament
fabrics plus details of EU-China flexibility deal.
- US Committee for the Implementation of Textile Agreements
(CITA): CITA releases apparel to aid hurricane victims.
- Hong Kong Trade and Industry Department: Notice to exporters
informing of EU-China revised quotas.
-European Union (EU): Confirmation of China flexibility arrangements.
- US Committee for the Implementation of Textile Agreements
(CITA): Notifying investigation extension into several categories
of Chinese apparel imports.
- Hong Kong Trade and Industry Department: Mainland China
to stop issuing provisional textile export licenses in certain
EU categories. TOP |
US
Imports of Men's Cotton Woven Shirts boosted by surging China
US imports of men's cotton woven shirts increased by an extra
five million dozen in the first seven months of 2005. Surging
imports from China made it the second largest supplier to
the United States, just behind Bangladesh in first place.
Indonesia and Sri Lanka increased exports to the US whilst
Mexico and Honduras rebounded from a poor 2004. TOP
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US
textile industry files petitions to extend China safeguards
The US textile industry has just announced the filing
of petitions on several categories due to end on 31 December
2005. The petitions will extend safeguards on 16 categories
of Chinese apparel imports for a further 12 months until the
end of 2006. Petitions on other categories are being prepared
should the next round of China-US textile talks in late September
fail. TOP
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Turkmenistan
apparel hoping to improve on exports to US
Turkmenistan has announced investment plans aimed
to help turn around weak foreign sales of apparel. The government
has committed itself to revitalizing the industry and is also
seeing hard Turkish cash being injected into textile production.
Earlier this year, the US government confirmed interest in
purchasing more textile produce from the country. TOP
|
Brazil
threatens China with Safeguard measures to halt increasing
imports
With China taking a larger slice of Brazil's market
for imported apparel and textiles, the Government has announced
the possibility of imposing safeguard measures. The debate
has been raging for some time now with industry associations
calling for tougher measures. The national currency, the Real
is growing stronger against the dollar making imports more
attractive. TOP |
US
Home Textile imports from China surged in August
US imports of home textiles from China further jumped
in August, with Chinese exporters gaining new shares of the
US market. Shipments of fabrics from China were substantially
weaker in August by contrast, with their market shares being
stabilized, as highlighted in our series of statistical tables
below. TOP
|
China
exports of Pullovers in July were still high despite EU embargoes
commencing
Statistics from China's Customs show a busy month
for pullover exports. The figures are overshadowed by subsequent
EU embargoes effective in July and the short-term flexibility
deal recently agreed by the EU. The US is also considering
quotas in reaction to increasing shipments of pullovers although
expected negotiations could change this. TOP |
US
Embargo Impact: Central America fighting with Asian competitors
to replace China
With embargoes in operation from July, Central American
countries are battling it out with Asian competitors to replace
China. Overall, the trade sanctions are seeing US apparel
imports slowing up in these categories as retailers decide
on cost factors. TOP
|
Silk
prices are sharply rising in China
Silk prices sharply rose in China in the past five
months, reflecting a surge in exports of silk products and
more demand on the domestic market. Production did not increase
in line with consumption and the international silk market
is once again threatened by a new crisis, as a result. TOP
|
European
Union increased demand of Cotton Denim in 2004
European Union imports of cotton denim in 2004 favored
Turkey and Brazil. Geographical closeness was also an important
factor in several cases with European Union countries absorbing
higher amounts of the material during 2004. Japanese exports
of denim concentrated on quality rather than quantity. TOP
|
Mauritius
apparel exports to US down but encouraged by China predicament
Mauritian apparel exports to the United States were
sharply down in the first months of the quota-free era, resulting
in reduced income for the tiny island republic. However, optimism
is high over benefiting from US and European restrictions
on certain Chinese imports. TOP
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EU
and China agree to free blocked textiles
China-EU talks over blocked textiles has now ended
with both sides announcing a deal has been reached. The agreement
will now be decided upon by the 25 European Union member states
before the blocked textiles can be freed. At the time of writing,
no details had been provided of how and when it will work
but it is expected that half the impounded goods released
will be counted against China's 2006 quotas. TOP
|
US
imposes new safeguards as Chinese textile talks fail
Talks this week between the US and China aimed at
resolving the heated textile question had finished earlier
today without agreement. The US Commerce Department has meanwhile
announced safeguard action on two categories but again delayed
decisions on several others. A further round of talks will
take place. TOP
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Cotton
and Polyester Prices
Cotton prices Friday surged in China amid rumors
of delayed harvest and possible shortages, as a result. Partly
due to the same factor, New York's futures further rose on
Thursday with a new increase in exports to China in sight.
Cotton prices were higher in Pakistan, although the Karachi
Cotton Association did not raise its indicator. Polyester
prices were today unchanged in China on the eve of 5-day long
National Day holidays. TOP
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Cotton
yarn prices in China and Pakistan
Cotton yarn prices were generally lower on world textile markets
in the past two weeks, as a result of lower demand and excess
capacities. Yarn production is now expected growing at a weaker
pace in the coming twelve months, after surging in the first
part of the year. Prices slightly rose in China in the past
two weeks while being mostly unchanged in Pakistan, as shown
by our series of tables. TOP
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India's
Home Textile Exports boomed in the post-quota period
Indian exports of cotton home textiles boomed in
the post-quota period, according to data supplied by India's
Texprocil. Prices rose on average with sharp differences between
products. Sales of cotton towels and cotton bed linen skyrocketed,
as India is currently benefiting from a series of advantages,
compared with rival Pakistan. TOP
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ITC
gets dull response from Pak textiles
The International Trade Centre (ITC) is receiving
lukewarm response from the Pakistani textile and clothing
bodies as compared to the overwhelming response from other
textile producing countries, ITC Consultant Rupa Ganguli said
on September 22. TOP
|
Further
relax in cotton imports regime likely under textile policy
The federal government has decided to further relax
cotton import regime for the local industry under the textile
policy, which is likely to be forwarded to the prime minister
for approval within a month. TOP
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Cotton
prices rise slightly at Karachi
Trading activity at Karachi cotton market remained
brisk on Sept 8. More than 7,000 bales changed hands. The
mills lifted quality lint of Sindh and Punjab during the session.
TOP
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First
six months records 12 percent rise in textile exports
Textile and garment exports have increased by 12
per cent during the first six months (Jan-June 2005) of quota-free
trade, compared to only 0.4 per cent growth during the last
six months of quota restrictions. TOP
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US
Imports of Cotton Sheets sharply rising in post-quota period
US imports of cotton bed sheets surged in the first
seven months of the post-quota period with Pakistan benefiting
from a larger increase in shipments than China, thanks to
a sharp fall in its export prices. India and Thailand were
the main victims of the Pakistani success on US market. TOP |
Govt
to procure 0.1m tons of clean cotton through TCP
The government has decided in principle to procure
100,000 tons of clean cotton this season through Trading Corporation
of Pakistan (TCP) to encourage production of standardized
cotton and ensure support price payments to growers, it was
learnt. TOP
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Taiwan's
market for cotton yarns contracted in July
Taiwan's imports of cotton yarns increased significantly
in the first five months of 2005. Shipments from foreign countries
however slowed down in June before decreasing in July. Imports
from India are in decline with cheaper imports from Pakistan
gaining ground. TOP |
US
Home Textile Imports in January-July 2005: China vs. India
and Pakistan
China increases share of US home textiles in the
first seven months of the post-quota era with an across the
board rise in exports. Pakistan resisted surging competition
from China in a few categories, however, with clear dominance
in pillow cases and sheets. India holds off Chinese competition
in wool floor coverings. TOP |
Textile
exporters get tax facility
The government has allowed textile and leather exporters
to claim input tax on materials imported or purchased for
exports goods to be shipped by September 30, 2005.
However, these materials should be in the stocks shown as
purchased or acquired up to June 5, 2005. After that date,
the GST has been zero-rated and refunds-rebates abolished
on materials acquired for exports of these industries.
A Central Board of Revenue notification issued here on the
other day says that no registered person engaged in the export
of goods specified below shall, either through zero-rating
or otherwise, be entitled to deduct or reclaim input tax paid
in respect of stocks of such goods acquired up to June 5,
2005, if not used for the purpose of exports made up to the
September 30, 2005: textile and textile articles; leather
and articles thereof; carpets; surgical goods; sports goods;
input of these goods.
This notification shall take effect from June 6, 2005. For
the purpose of any reference or interpretation under this
notification, the description and classification of goods
specified in Notification shall be applicable.
More than 150 items would benefit from this notification,
as read with the previous SRO. TOP |
