INDIAN textile firms, which are in an expansion mode following the quota phase-out, are aggressively looking at buying out textile manufacturing units in the EU and the US with the aim of relocating machinery to India. While a major shortage of domestic textile machinery has prompted firms to look at this option, the fact that a number of defunct textile mills with usable machinery are up for sale at throwaway prices in the EU and the US makes the option viable for domestic firms. For instan

BEIJING: Chinese textile export is likely to rise by 19 percent this year despite US and EU restrictions.China's National Textile and Apparel Council told that textile export this year was expected to reach $116 billion, which was at $97 billion previous year.The Council said that growth in export as compared to previous year would be a little less, but the barriers put forth by US and EU would not bear out any significant impact.Chinese textile exports witnessed a significant 40 percent rise du

Three European Union member states are joining forces to try to prevent Brussels from slapping anti-dumping tariffs on some Asian shoe exports ?mainly from China ?and avoid a rerun of the recent textiles dispute with Beijing. The Netherlands, Sweden and Denmark are preparing a joint initiative, which they hope other members of the 25-nation EU will join, demanding an end to the anti-dumping procedure, according to Thomas ?tros, the Swedish trade minister. The European Commission has been inve

HA NOI ?Garment export earnings in November were US$30 million less than in October, meaning the industry will fail to meet its yearly export turnover target of $5.2 billion. The industry exported $420 million in November, bringing the total export value to $4.32 billion in the first 11 months of this year, according to the Viet Nam Textile and Apparel Association (Vitas). Insiders said that despite the industry? great efforts, it was impossible to reap the needed $1 billion in December alone.

The textile agreement recently signed by the US and China has settled concerns of both sides, which has created a stable and predictable trade environment for businesses of both countries, said an official with China's Ministry of Commerce (MOC) Thursday. He said the agreement has provided some space for the US and other developing countries to adjust their textile trade structures, and gave Chinese textile enterprises bigger chances to explore markets. The MOC official said the agreement co

Korean Trade Centre and the Textile Committee of India are hosting a buyer-seller meet today, at Coimbtore in the South Indian state of Tamil Nadu. The confluence will provide invaluable opportunity to Indian textile magnates and businessmen to meet view and interact with textile machinery manufacturers of Korea.About 18 Korean textile machinery manufacturers are participating in this event is being held under the aegis of the Textile Committee initiatives. Textiles Committee, Government of Indi

CHINA will allow its textile exporters to begin bidding on next year's US quotas early next month, a move that follows a deal signed earlier this month to reimpose quotas on 21 categories of Chinese textile shipments to the United States. The online auction, constituting 60 percent of all quotas set for public bidding for next year, will run from 8am on December 6 through midnight December 8, China's Ministry of Commerce said on its Website. All companies that have exported the covered products

Australian Wool Innovation Limited (AWI) informed the Chinese textile exports results for EU.It stated that China increased the amount of textiles it exports to the EU by about 40 percent in the first eight months of the year.The EU's total textile imports were only up by 2.1 percent in value and 2 percent in volume, however, meaning China's growth has come at the expense of other countries. The figures highlight the fact that developing countries are suffering as a result of the removal of text

Textile exporters from Pakistan, Thailand, South Korea, Thailand, Philippines and Bangladesh are facing stiff competition from Chinese textile makers in the European Union textile market in the free trade era since beginning, this year.Pakistan's textile export share eroded to 16.3 percent in the first eight months this year, indicate EU statistics. At the same time, Chinese exports jumped by whooping 40 percent.On the other hand Asian textile exporters from South Korea, Thailand and Bangladesh,

A World Bank report has officially confirmed China as the winner in the post-quota era. Other countries gaining in the first half of 2005 include Bangladesh, Cambodia and Sri Lanka. China tops the list of countries gaining most in value terms of export increase in the first six months of the year following quota phase out. The report asserts China's market share had been artificially held back by quotas, especially in the US and EU. The textile and apparel boom in world markets from low-cost c