Statistical Office of the Republic of Slovenia released the Inflation Rate for the March 2006. It stated that in March inflation rate at 0.8 percent.As in the previous years, this year too in March a relatively high growth of prices was registered; compared to the previous month consumer prices were up by 0.8 percent. In the first three months of this year prices were up by 0.7 percent, while in the first three months of last year they were up by 1.1 percent.In March too the inflation rate was i

The US government is seeking to sort out further problems affecting the Central American Free Trade Agreement (CAFTA), including a 1 April deadline for Honduras and Nicaragua. Products from El Salvador containing inputs from other countries awaiting CAFTA ratification will not be allowed duty-free access in the US resulting in a steep price rise for importers. The troubled US-Central American Free Trade Agreement (CAFTA) is again facing further difficulties that could leave US importers payin

World Trade Organization has put across Turkish textile plan of safeguarding certain textiles and clothing from deep tariff cuts as strange. The WTO's 149 member states are seeking agreement on cutting tariffs across the world economy, but Turkey with the backing of some producers such as Mauritius, wants textiles made a special case. The Turkish proposal, made last week to the WTO negotiating committee on industrial tariffs, was firmly opposed by China, which accused Turkey of attempting to re-

The National Trade Estimate Report release by the Office of the United States Trade Representative has covered the subject of China textiles as follows."China claimed the measures were needed to avoid uncertainty among Chinese textile exporting firms, to encourage exports of high value added items and to avoid rent seeking in license distributions. Under the June 2005 measures, MOFCOM, China Customs and AQSIQ jointly issued and made adjustments to a catalogue of subject items, listed by tariff c

AHMEDABAD: The Ahmedabad-based Chiripal group, which has interests in textiles as well as petrochemicals, is in the process of setting up a textile park in Ahmedabad district. The company is awaiting a clearance from the project approval committee of the Union textile ministry. Chiripal group? executives say the park will attract an investment to the tune of Rs 800-1,000 crore. The park, which will come up on 100 acres of land in Bareja, will mostly house weaving, spinning and texturing units. ?

Shoe traders from Tunisia and producers of raw materials from Brazil signed an agreement this month for the development of this sector.With the supply of Brazilian inputs to the Tunisians as chief purpose of this agreement, both countreis expect commercial ties between business groups from both sides.The two countries will also share knowledge regarding the sector.The agreement was signed between the Brazilian Association of Shoe and Leather Components Industries (Assintecal) and the National Fe

Government has allowed Mapeto (DWSM) Limited to import raw cotton as the country is facing its shortage. This has brought temporary relief to the company said, Minister of Trade and Private Sector Development Martin Kansichi.Under the agreement, Mapeto will import raw cotton, process it for export and local consumption.Minister has asked cotton buyers to increase the buying price of cotton to boost farmers' capacity.The buying price of cotton at present is between K22 and K25 per kg.Kansichi inf

Trade and Industry Department of Hong Kong release the Commercial Information Circulars No 120/2006 (Ref - Ref : EIC 631/2/10) .The Mainland of China : 2006 Quantitative Limits Available for Application in the Second Round Regarding Textile Exports to the United States and the European UnionThe Ministry of Commerce (MOC) issued on 27 March 2006 a notice announcing the 2006 quantitative limits available for application in the second round regarding textile exports to the United States and the Eur

Where global competition has been responsible for Carolinas textile and furniture industry job losses, Lake Norman Company is reported to have turned in better performances.Slade Inc has been able to bag orders due to its initiative to venture into world markets.Presently around 60 percent of its business comes from 43 countries, including Italy and China.The company makes material that seals fluids and gases at temperatures as high as 1,800 degrees Fahrenheit and pressures as high as 5,000 PSI.

Vietnam is on the verge of getting World Trade Organisation (WTO) membership as the country has nearly accomplished discussions with other countries.However, at this juncture, some industry insiders do not consider the membership would benefit country's textile industry as the export boom would depend only on the competitiveness of its textile industry.While some believe that the entry in WTO would give opportunity to business with many markets across the world.Now, the country has to come out o