The strategic partnership between China and Russia has helped the two countries boost their trade to new level and expand their cooperation in energy, science, technology, telecommunications, finance and transportation. Figures from Chinese customs showed the trade volume between China and Russia in 2005 reached 29.1 billion U.S. dollars, up 37.1 percent year on year, which was 14 percentage points higher than the growth rate of China's total foreign trade. China is now Russia's fourth l

Karnataka government is all set to invest about Rs1400 crore to develop seven incorporated textile parks within next two to three years, by means of public private partnership (PPP).Mahendra Jain, Secretary, Commerce and Industries Department of the state said that the government plans to offer the latest infrastructure facility for these seven parks.Special purpose vehicles (SPVs) will be utilized and the government will provide upto almost 40 percent of the charges, ranging below the upper lev

HA NOI ?Viet Nam? garment manufacturers are anticipated to post revenue of US$1.37 billion from exports in the first quarter of the year, a 40 per cent year-on-year increase, reported the Ministry of Trade (MoT). The ministry expected that this month's sales alone may reach $500 million. Chairman of the Viet Nam Textile and Apparel Association said the positive performance growth was triggered by a rebound from the US and EU markets. "Viet Nam has started seeing a light recovery from last yea

After some stability, cotton prices are sliding in Pakistan.Today, cotton prices are Rs2425 per maund, sources of Karachi Cotton Association revealed.In ready cotton, about 11800 cotton bales transacted. Lodhran/Jalal Pur station dominated cotton deals with 9000 bales between Rs2450 and Rs2460 per maund. RYK recorded sale of 2000 bales between Rs2465 and Rs2475, while at Upper Sindh, only 800 bales changed hands for Rs2450 per maund.According to Cotlook Indices, A Index was 58.75 and B Index sto

The Chinese Chamber of Commerce for Import and Export of Textiles has expressed its reservations over the accuracy of the results of Taiwan's investigations into towel imports from China's mainland. On March 17, Taiwan's "International Trade Commission" (ITC) said it found large imports of cheap towels from China's mainland had caused material injury to the local towel industry. The "ITC" found that certain toweling products from the mainland are being imported into Taiwan in such quantities

Korea's import figures surpass total value of exports as the country has registered exports of $3.56 billion and imports of $3.65 billion last year, informed Ministry of Commerce, Industry and Energy.List of export commodities includes caps, gloves and other articles of clothing.Blaming Chinese supremacy in textile production, the ministry said that nation had never recorded loss in clothing trade since 1960s.Korean products are replaced with Chinese goods because of latter? cheap labour and tec

The world's largest professional exhibition for dye, organic pigment, textile Chemicals (China Interdye 2006) will take place in Shanghai from April 12 to 14, 2006.China Interdye 2006 is organized by the China Dyestuff Industry Association, China Dyeing & Printing Association, CPIT Shanghai, CCOIC Shanghai and Shanghai World Expo (Group) and co-organized by International Exhibition Service Corporation. It will take place in the Shanghai International Exhibition Center and Shanghaimart from A

Australian Wool Innovation Limited said after falling in the first 3 years of decade, production levels in Italy's knitting yarn sector stabilised in 2004. While this brought some hope that the decline had been arrested, preliminary estimates suggest that production levels fell again in 2005, although not at the same high rate seen in 2002 and 2003.In contrast to the falls in chemical fibre and cotton yarns, wool yarns did better, with a solid rise in woollen yarns offset slightly by a moderate

Central Queensland cotton farmers have a tough year ahead as they will not be provided with their share of water supply due to an extremely dry weather.Cotton growers expressed their concerns as they will not be able to cope with the ever increasing water prices.Sources reported that the farmers were expecting positive results from the initial rains but the dams are just 17 percent full and that next years crops would not be sowedFarmers are worried as there is no incoming water in the dam and t

The threads of South Africa on clothing and textile industry may be set to unravel if sufficient measures are not taken in time. This is as a result of cheaper foreign imports. Government is currently working on a draft proposal in order to rectify the situation.But many, including the SA Clothing and Textile Workers Union (SACTWU), feel that this too little, tool late. This was the crux of the After Eight Debate on SAFM today. According to Ebrahim Patel, the general secretary of the union, the