 |
|
|
 |
Get
your web site designed by quality professionals, make
sure to register your website in 300 Textile
Portals, 100 Search Engine
and 10 Directories.
Guaranteed
Search Engine Listing including google, yahoo and msn.
|
|
|
Pakistan,
China Terry Toweling soaked-up US market in first half of
2005
Pakistan and China have increased their share of the US
terry toweling market at the expense of nearest rivals such
as India and Brazil. World shipments to the States have
shot up in the post-quota era whilst prices have slightly
fallen.TOP
|
China's
towel exports are globally stagnating
China's towel exports to the United States surged in the
first part of the year, after quotas were eliminated. Sales
to India rebounded at the same time while shipments to other
countries were sharply down, however.TOP |
EU
fabric imports from China and Pakistan surge in post-quota
period
EU imports of cotton fabrics from China and Pakistan in
category 2 surged in the post-quota period while imports
from India, Indonesia and Thailand substantially fell. Shipments
from Turkey soared at the same time, successfully resisting
Asian pressure. Prices clearly fell with total EU imports
unchanged over the January-May period.TOP
|
Indonesian
apparel exports to US increase whilst rupiah weakens
Indonesian apparel exports to the US continued growing in
the first six months of 2005 against the backdrop of a weakening
domestic currency. First half cotton apparel exports shot
up whereas man-made fibre apparel shipments slightly declined.
A bi-lateral trade deal with India is being proposed that
could boost Indonesian textile production.TOP |
Cotton
yarn prices in China and Pakistan
Cotton yarn prices did not really change in the past two
weeks in China. Demand is relatively weak and stabilization
in cotton prices did not help spinners in raising their
prices. An expected surge in cotton offer in September added
to a slowdown in textile production would not boost yarn
prices in the short term.TOP |
China's
denim exports jumped in first half
China's exports of denim fabrics substantially rose in the
first half this year, according to official data that are
reproduced below. Sales to Hong Kong's denim traders sharply
increased while direct exports to Korea, Russia, Cambodia
and India also soared. Prices were rising at the same time,
in line with more value added content.TOP |
US
Apparel Import Prices: China vs. India, Pakistan, Sri Lanka,
Bangladesh, Indonesia, Cambodia and Vietnam
As China prices dramatically declined in the first months
of the post-quota era, competitors in Asia more or less
resisted, depending on categories. Pakistan and India clearly
lowered export prices in order to counterattack on the US
import market while other countries faced more difficulties
in competing, such as Vietnam.TOP |
EU
Embargoes in sight for four more Chinese categories
With two categories exhausted and several more nearing quota
limit, more EU member states and retailers are putting pressure
on the EU Commission to relax sanctions on Chinese textile
exports. In a press release from the Foreign Trade Association,
European Commerce publicly criticizes the "inadequacy"
and "bad management" of the June deal.TOP |
Latest
Regulations regarding Textile Trade
- European
Union: EU proposal for anti-dumping measures on Chinese
polyester fabrics.
-
Canada: Statistics for NAFTA (TPL) Trade Preference
Level.
- Hong
Kong Trade and Industry Department: Exemption from Mainland
Export Duty for HK textiles.
-
European Union: definitive anti-dumping duty on imports
of polyester staple fibres originating in the People’s
Republic of China and Saudi Arabia.
- World
Trade Organization (WTO): Committee on Technical Barriers
to Trade - China's Cotton waste, waste fibres, rags
and scrap of textile materials. United States Subsidies
on Upland Cotton: Communication from the Arbitrator.
- Hong
Kong Trade and Industry Department: Export of category
6 textile products to the European Union (EU).
- Hong
Kong Trade and Industry Department: China's decision
to suspend export licenses to EU in category 6. Plus
new sock labeling requirements and Mexican review of
Hong Kong denim anti-dumping.
- OTEXA:
Public notice suspending safeguard action on three categories
during negotiations between US and China.
- European
Union: Statement by Peter Mandelson on continuing discussions
to resolve the embargo on category 5.
- China
Ministry of Commerce: Confirming withdrawal of export
tariffs on 17 categories of textile.
- Hong
Kong Trade and Industry Department: Chinese acknowledgement
of US textile safeguard investigations.
- OTEXA:
Latest Textile and Apparel Quota Embargoes and Federal
Register notices concerning CITA safeguard investigations.
- US
International Trade Administration: Fact sheets on safeguard
inquiries.
- European
Union: Latest update concerning the MoU - flexibility
proposals for category 5 (pullovers) and discussions
over OPT facilities.TOP
|
India's
denim fabric production is rapidly expanding
The strong fashion trend in denim has put the denim manufacturing
sector back into action in India. Denim capacities in the
country are set to increase significantly, with around three
new players investing in denim for the first time, while
almost every other denim manufacturer is raising production.TOP
|
Hong
Kong denim fabric re-exports continued soaring in the first
half
Hong Kong's trading in cotton denim fabrics continued soaring
in the first half, boosted by higher sales to China and
to other low-cost countries such as Bangladesh. Hong Kong's
denim exporters are taking advantage of the rebound in Asian
clothing production in the post-quota period. Unit values
fell in the first part of the year in addition, partly due
to lower cotton prices.TOP |
US
apparel imports in first half 2005
US apparel imports already decelerated in June according
to today released definitive data, before Washington placed
embargoes on various categories of shipments from China.
India and Bangladesh finally resisted China's pressure in
the first half this year, along with Sri Lanka, Jordan,
Pakistan and Cambodia. Hong Kong, Taiwan, Korea and Russia
were the main losers of this post-quota period.TOP
|
Turkey's
apparel exports began declining in July
Turkey's clothing exports began declining in July according
to preliminary data, as a clear sign that surging competition
from China is affecting sales to the European Union and
the United States. Orders from both destinations are expected
rebounding, however, after quotas and embargoes were placed
on Chinese shipments to EU and US.TOP |
China's
competitors expected to take advantage of latest US embargoes
With the US having imposed embargoes on four category groups
of apparel in July, statistics reveal an impact on imports
from China. Shipments now denied entry at US ports have
reduced overall world exports to the US in these categories
as retailers await products from other countries.TOP
|
Surge
in EU's imports of cotton yarns from India and Pakistan
EU's imports of cotton yarns clearly declined in category
1 in the first five months of the year, according to European
official data. India and Pakistan benefited from quotas'
elimination while Turkey's exports were not weakened by
surging competition from South Asia. Imports from China
dramatically fell in this post-quota period.TOP |
Govt.
plans to make textile sector internationally competitive
The government has a new action plan to improve the regulatory
and policy framework of the textile sector with a view to
making it a strong, dynamic and internationally competitive
industry.TOP
|
Yuan
revaluation to put brakes on mounting textile exports
Pakistan’s textile industry that accounts for 60 per
cent of the country’s total exports hopes to gain
from China’s recent re-evaluation of its currency,
Yuan.TOP
|
Rising
oil prices alarm textile industry
Rising international crude oil prices, which have touched
the $65 per barrel mark, is going to raise the cost of production
of the local textile industry as well as of polyester staple
fibre.TOP
|
23%
decline in cotton production
Agriculture authorities in the United States predict over
23 percent decline in Pakistan's cotton production during
2005-06 compared to the previous season.TOP |
Anti-dumping
& custom duties add heavy burden on bed linen exports
to EU markets
Pakistani textile exporters are paying 100 million dollars
per annum on export of bed linen to European Union markets
in term of custom and anti-dumping duties in quota free
regime.TOP
|
Adviser
calls youngsters to join the textile sector
Sindh Adviser Mumtaz Hameed called for attracting more and
more youngsters to join the textile sector. He was speaking
as chief guest at a workshop on 'Quality Improvement Project
2005' at a local hotel, here on August 1.
The moot was held under the auspices of Sindh Board of Technical
Education. The adviser said that diploma engineers were
the assets of the country and by attending such seminars
and workshops they could further enhance their experience
and abilities.
He said, that there was no dearth of promising and capable
youngsters in the city and that the need of the hour was
that their abilities be enhanced further. The adviser pointed
out that the textile sector was playing a vital role towards
the development process in the country. Educationalists,
engineers and technical experts also expressed their views
on the occasion.TOP |
Textile
fair “In-Style Pakistan 2005” from Sep 21
The international textile and garment exhibition “In-
Style Pakistan 2005” will be held from September 21
to 24 at the Karachi Expo Centre. According to organizers
here on Wednesday, the exhibition would showcase top quality
value-added textile and garment products of Pakistan. More
than 100 leading international textile importers and buyers
are expected to attend the exhibition.TOP |
APTMA
to set up garment labs
The chairman of the All Pakistan Textile Mills Association
(APTMA), Chaudhry Arif Saeed, has said the project for the
establishment of a computer laboratory and a garment-manufacturing
laboratory will go a long way in the skill development of
textile engineers. The value-added sector will greatly benefit
from completion of the project, he said. While appreciating
Commerce Minister Humayun Akhtar Khan and the Board of Export
Development Fund for approving funds for the development
projects of the National Textile University (NTU), the premier
institute for imparting textile education, the APTMA chairman
said the university was producing quality engineers for
industry in spinning, weaving, garmenting and textile chemistry.TOP |
China,
Pakistan finalize lists of 52 items with zero duty
China and Pakistan have finalized two separate lists of
52 items, including textile products and mangoes, on which
duty would be reduced to zero rate by each side from January
1, 2006 as part of the envisaged Free Trade Agreement (FTA).
An agreement to this effect was reached here this week between
the officials from the Chinese Ministry of Commerce and
Pakistan's Export Promotion Bureau (EPB). Vice Chairman
of EPB Zafar Mahmood said a duty-free structure has been
worked out under the Early Harvesting Program (EHP), which
is a part of the bilateral FTA. It would be implemented
in three phases. The first reduction would take place on
January 1, 2006, and by January 1, 2008, tariff would be
brought to zero on a number of other items, already indicated
by the two sides. The 52 items that Pakistan would export
to China duty-free include bed-linen, table linen and other
home textiles, terry towels, blended fabrics, synthetic
yarn, synthetic fabrics, mangoes, oranges, dates, surgical
goods, sports goods, cutlery, certain dyes and medicines.
The list of items that would be exported to Pakistan from
China duty-free includes industrial machinery and chemical
raw material, media reports said.
Pakistan has an operational Preferential Trade Agreement
with China since January, 2004 under which China gave tariff
concessions on 893 items and Pakistan has given similar
concessions on 188 items. And now under EHP, the two countries
will expand the concession on more items, gradually bringing
the excise duty on zero rates by 2008, the reports said.TOP |
Thailand
based Hantex to invest $20 million in Pak textiles
Thailand's Hantex PCL in collaboration with Habib Rafique
Group will make US$20 million investment in textile and
hotel sectors in Pakistan, according to a Pakistan Press
International (PPI) report on August 17. Both companies
signed a formal agreement in this regard on August 16 in
Lahore. Visiting head of Hantex and leader of Thailand delegation
Somchai Chawala said there are lot of opportunities for
foreign investors in Pakistan which they should avail. He
said being new member of ASEAN Forum, Pakistan has big attraction
as structural reforms, practical macroeconomic policies,
financial discipline have transformed it into a stable and
growing economy. Khalid Rafique of Habib Rafique Group said
Thailand and Pakistan enjoy steady economic and trade ties.TOP |
|
Copyright
© 2003- 2006, Textile News & Updates Newsletter.
All rights reserved.
You
may pass this message along to friends and colleagues on the condition
that
you do not change it in any way.
|
|
