Minister of Commerce Bo Xilai on Friday told American businessmen that the relationship between China and United States is a win-win one, but both sides should work to make the market as big as possible rather than initiate a damaging trade war. Speaking at the American Chamber of Commerce's (AmCham) 2005 Appreciation Dinner, held at the China World Hotel in Beijing, Bo said: "If one side is successful, the other can be successful." However, he said there is a worry that some people in the U

HANOI: In order to cop with increasing input cost, furious competition in the domestic market due to reduction in import tax rates to 0-5% and US export quotas levies, Vinatex are concentrating on building trademarks to increase the value of its products, sources said here on January 10. Further added, that the group will develop 10 to 20 national brands along with Vinatex trademarks, out of which some will be advertised abroad and are also in process to buy copyrights and work with foreign part

China's T-shirt exports towards the end of 2005 started to feel the effects of US and European embargoes. Shipments for the ten months to October were higher compared to 2004 but sales to important markets were lower than during the first six months of the year. Limits for 2006 are expected to keep surging supplies from again rocketing. Chinese global T-shirt exports commenced to slow down in the latter part of 2005 with embargoes in Europe and the US taking effect. Increase not as high The y

EVEN as a misplaced hype is doing the rounds about the record growth of exports of Indian textiles and clothing in the post-quota regime, an IMF working paper has contrasted the performance of China and India and warned that India's gains would be limited "without stepped-up reforms and more investment to bolster the sector's competitiveness." In a recent study on the impact on India of trade liberalisation in the textiles and clothing sector, the Fund's senior economists, Mr Prasad Ananthakri

Ministry of Commerce of the People's Republic of China informed that the modified control arrangements for Hong Kong's (HK) textile exports to the European Union will take effect from March 15, Hong Kong's Commerce, Industry & Technology Bureau said.Exports, including re-exports, will require either a consignment-specific export license or a textiles notification under the Textiles Trader Registration Scheme to cover each consignment. Cut-and-sewn garments will also be subject to the Product

Chinese Ministry of Commerce (MOC) stated that the trade volume between China and European Union is expected to top US $200 billion in 2005.Bilateral trade in the first 11 months of 2005 reached $196.78 billion, about 15.3 percent of China's total foreign trade, a year-on-year growth of 23.6 percent, said the ministry, citing statistics from China Customs. European Union maintained China's largest trade partner in 2005 and China was European Union's second largest trade partner. The ministry sai

Budget this year would offer special incentives for employment generation as well as certain sectors will have opportunities for considerable value addition, said P Chidambaram, Finance Minister.Addressing the pre-budget meeting with industry leaders, he remarked that textile turf would generate more employment.He also mentioned chemicals, pharmaceuticals and automobile sector in the list of employment generators.Elaborating his views, the Minister said that textile industry has potential to gen

LAHORE: Issues such as market access, infrastructural constraints, political concerns of foreign investors and high inflation rate continued to adversely affect steady growth of the textile sector throughout 2005, the first year after phasing out of the Multi-Fibre Agreement (MFA).There was a worldwide consensus that only three countries, China, India and Pakistan, would be the leading ones in the field of textile in the post-quota regime. But the performance of Pakistan, say the textile experts

The government reopened the Benapole Land Port (BLP)for importing knit yarn from December 15.The National Board of Revenue (NBR) has suggested various steps to prevent revenue irregularities arising out of knit yarn imports through the country's Benapole land port. They are listed below: Customs commissionerate to ensure 100 percent export-oriented knitwear manufacturing units import yarn vide valid bond license.Bond commissionerate to make sure imports of knit yarn take place through letters of

The Hohenstein Institutes said around 50 representatives from the textile industry, chemical industry and dermatological university hospitals took part in a workshop on December 6 and 7, 2005 as part of the 2nd Hohenstein cluster initiative on cosmetic textiles and wellness clothing.The textile industry is very optimistic that these products will open up new target groups and markets. The functionality and effectiveness of initial products on the market is still highly disputed in some cases, ho