In the first first eight months of 2005, Thai textile and garment exports to the US reached $2.27 billion, up just 3.54 percent year-on-year.In order to expand access to the US market and boost textile exports by 20-25 percent per year, a strategic plan 'Thai-US borderless' has been conceived.Under the initiative titled - Textile and Garment Development Efficiency and Technology Project (T-DET), the Textile and Garment Industry Association will join forces to work out strategic solutions to be p

Continual decline in US domestic fabric production is driven by the fact that cotton yarn import in 2005 recorded sharp drop. A total 8,058 tons of yarn was imported in August, which is the smallest volume of imports since December 2004, which is a 23.6 percent decline compared to last year figures. Yarn imports demands from NAFTA followed by imports from Canada dropped sharply at 24.9 percent to only 1,572 tons.Imports from Mexico stood at 910 tons, down 26.9 percent. Pakistan as a top supplier

Australian Wool Innovation Limited presented the wool market sales for this week.The Australian Wool Market finished this week with prices 1.0 percent lower, on average, at the sales in Sydney, Melbourne and Fremantle. The AWEX EMI decreased by 6?(-0.9 percent), ending the week at 666?kg clean. This reflected decreases of 10?(-1.5 percent) in the North, coming off last week's Newcastle sale, and 3?(-0.5 percent) in the South, with their corresponding Regional Indicators finishing the week at 671

Statistics of Canada released the Industrial product and raw materials price indexes for September 2005. Monthly prices for manufactured goods at the factory gate were up in September, as gasoline and fuel oil prices continued to rise. Raw materials prices were down in September, following three monthly increases.Prices charged by manufacturers, as measured by the Industrial Product Price Index (IPPI), were up 0.4 percent from August to September. Higher prices for petroleum products, lumber pro

The 98th China Export Commodities Fair closed on Sunday in Guangzhou, capital of south China's Guangdong Province, with the value of deals growing by a slight 0.7 percent. The fair attracted some 177,000 businessmen from 210 countries and regions, 9.3 percent less than at the last fair half a year ago. However, 29.43 billion US dollars worth of deals were signed, up 0.7 percent. The participants included 74 multinational retailers such as Wal-Mart and Carrefour. The top five purchasers were Chin

China became one of the major victims of trade protectionism in the past nine months or so, suffering from a wide range of trade barriers including anti-dumping, safeguard measures, subsidies and countervailing measures and special safeguard measures. According to the China's Foreign Trade Report (fall, 2005) released on Friday by the Ministry of Commerce, in the first three quarters of this year, China incurred trade frictions involving 8.9 billion US dollars, a growth of more than 700 percen

When Radoslaw Wisniewski was thinking about starting a clothing company in 1995, Poland's low labour costs made local seamstresses the obvious choice.The economic rationale behind that decision is not so obvious now. Redan, the company founded by Mr Wisniewski, has moved almost all of its sewing abroad, mostly to China."At the beginning we tried to produce in Poland. But then we saw a crisis in Polish production because of the cost of labour. The cost of labour was steeply rising and it stopped

The Synthetic & Rayon Textiles Export Promotion Council (SRTEPC) released the review of exports of synthetic and rayon textiles during August 2005.I. Export PerformanceExports of Synthetic & Rayon textiles were valued Rs.685.88 crores during August 2005, showing a decline of 17.90 percent as compared to the performance in the same month of the previous year. Exports of mostly all the products are showing downfall except for fibres which shows a growth of 60.23 percent. Fabrics constitute

Statistics of Canada released the Consumer Price Index for September.The 12-month change in the All-items index excluding energy remained stable at 1.6 percent, while the 12-month change in the All-items index (CPI) jumped to 3.4 percent. This 12-month change represents a significant increase compared to the 2.6 percent advance recorded in August 2005. For the past year, the 12-month change in the All-items index excluding energy has been between 1.4 percent and 1.7 percent.The strong increase i

The Prime Minister has directed the Ministry of Textiles to prepare a separate policy for the handloom weavers to be finalised within the next sixty days. The new policy will be aimed at improving the work and life situation of weavers in the country. It may be recalled that the President of India, in his address to Parliament, had called for a programme of ?wo years for the Weavers?to respond to the challenges faced by the weaving community through an appropriate policy response. The Planning C