Cotton prices were stable in December in China with spinners waiting for import tariff quotas before ordering foreign cotton. Domestic prices could resist import pressure, however, given the significant fall in Chinese production this year. Cotton prices remained extremely stable in the last month of 2005 in China. From a maximum of 14,173 yuan per ton on 1 December, benchmark 328 grade fell to 14,121 yuan on 9 December before steadily increasing to 14,168 yuan until the end of the month. Aver

China enjoyed an estimated 20% rise in revenue, profits and exports in 2005 despite trade rows with the US and the EU, according to a report from the China Chamber of Commerce for Import and Export of Textiles cited by Xinhua news agency. Sales revenue for the year totalled CNY2trn (US$250bn) as profits reached CNY66bn and exports were CNY116bn. The chamber said theincreases had been driven by a ramp up in investment into fixed assets as well as technological innovations. Sales, revenue, sale

INSTANCES of domestic export consignments facing non-tariff barriers in the US market are on the rise, as textile exports to the US grow in volumes. The restrictions are mainly in the form of shipments being subjected to rigorous labelling and marking requirements, security parameters and document verification at US ports and issues relating to compliance with labour and environmental norms, senior Government officials said. According to officials, several instances of clampdown on export cons

China emerged as the leading source of India? textiles imports in the last five years as its textiles exports to India rose by 597.26 per cent from $78.71 million in 2000-01 to $548.81 million in 2004-05, according to a study conducted by the Associated Chambers of Commerce and Industry of India (Assocham). Out of India? total global textiles imports, which stood at $597.74 million in 2000-01, China? share was $78.71 million, the Assocham study on Post ATC Competitiveness & Protectionism, ha

(Asia Pulse Businesswire Via Thomson Dialog NewsEdge)HANOI, Jan 3 Asia Pulse - A jump in garment exports to the US, not subject to quota, totalling US$1.1 billion in 2005, has helped boost the performance of the textile and garment industry, said Le Quoc An, chairman of the Vietnam Textile and Garment Association. Compared to four years ago, when Vietnam earned just $200 million from exporting quota-free products to the US, this was remarkable, he said, adding that local companies had succeeded

National Statistics Office of Philippines released the External Trade results for October 2005. It stated that the January to October total trade stands at $70.895 billion. Total external trade in goods for January to October 2005 reached $70.895 billion, a 1.5 percent growth from $69.835 billion during the same period of the previous year. Expenditures for total foreign-made merchandise slightly increased by 0.3 percent to $37.227 billion from $37.117 billion. Similarly, exports registered a ye

From four European Union countries, representatives of 50 textile giants are going to visit country in February, so that they can identify the partners for outsourcing production, to collaborate in every stage of production in the textile industry from yarns to garments, as said by Rajamani Krishnamurti, Deputy Director of the Confederation of Indian Industry on January 02. England, Germany, France and Hungary are the European players who are looking at outsourcing manufacturing in `technical

BEIJING, China (UPI) -- The Sino-U.S. textile agreement has gone into effect, imposing quotas on 21 types of clothing and textiles from China by 2008. After seven rounds of talks, the United States and China signed a three-year agreement on textile trade in November, clearing a major obstacle to bilateral trade, the news agency Xinhuanet said Tuesday. The agreement provides for a progressive increase in imports of major Chinese textiles and apparel products -- by 10 to 15 percent this year, 1

A significant 6 percent drop in chemical fiber imports has been predicted by the Chemical Fiber's Association of China.Thus China's imports of chemical fiber will touch 1.4 million tons in 2006, due to growing domestic output.Growth of China's chemical fiber industry has been forecast at 8 percent between 17.5 million and 17.6 million tons in 2006.This rebound in the industry will be due to growing demand from China's textile industry, backed by oil prices goign stable worldwide and many new Chi

Washington and Beijing inked an agreement to regulate textiles and apparel trade between the two countries in November 2005, which will came into effect from January 1, 2006.This was necessitated because some imports into US, such as cotton trousers, had jumped beyond 1000 percent in 2005 due to ending of global quota system.Intense Chinese competition had put US textiles industry into dire straits and nearly 400,000 jobs were lost since 2001.The US tried to keep the situation on an even keel in