Bangladesh earned approximately 8.58 billion US dollars in fiscal 2004-05 from garments exports, nearly 1 billion dollars more than that of the previous fiscal. The result shows that the textile and apparel sector has performed beyond expectation and fears about negative impact of the textile quota elimination are wrong. The International Monetary Fund (IMF) had warned Bangladesh of losing a quarter of its exports and a huge number of jobs in 2005 due to MA (Multi-Fibre Agreement) quota

The EU' restriction on textile imports from China has been one of the economic concerns in Sweden. Hennes and Mauritz (H&M), a major Swedish apparel chain, described the restrictions as damage to the free trade idea and observed irrationality in the implementation of such restrictions. In the interview over the phone, Mr. Par Darj, Head of Investor Relations with the company, complained about EU's decision of setting July 12 the deadline for shipment of Chinese textiles in its final revi

China's exports of denim fabrics substantially rose in the first half this year, according to official data that are reproduced below. Sales to Hong Kong's denim traders sharply increased while direct exports to Korea, Russia, Cambodia and India also soared. Prices were rising at the same time, in line with more value added content. China's exports of cotton denim fabrics (HS 520942) were up 17.80% in volume terms in the first six months of the year to 193 million square meters. Shipments eve

After an agreement with the EU last month, Chinese exports of textiles and garments continued their steady rise in June and July as per figures released by China's Commerce Ministry.During the first seven months this year, China's outbound textiles and garment exports reached US $61.5 billion. More importantly, the rise was much above May figures this year for June and July.In June, as compared to same month last year, China's global textile and garment producers recorded 28 percent higher sales

Barred Chinese clothing shipments are piling up at European ports, prompting warnings of retail stock shortages and higher store prices just weeks after the EU moved to stem an import surge deemed a threat to jobs. Amid concern that the European import quotas are doing more economic harm than good, Brussels is facing growing calls for their relaxation, even from France ?one of the strongest supporters of the original textiles clampdown. Unless the Chinese quotas are loosened, retailers are

The manufacture of garments, or so called ready-to-wear apparel, for export is also the second leading dollar earner for the economy. It has been adding about $3 billion annually to the country? foreign exchange reserves. But it has the potential to boost its dollar earning capacity to double its present volume in the next ten years or in the next few decades.The Philippines used to be one of the ten leading suppliers of RTW apparel to the world? importing countries, including the U.S., where ov

While the Trading Corporation of Pakistan has stopped trading local cotton since August 15, local growers and ginners are apprehensive of not fetching remunerative prices for their cotton.Traders sought Government intervention and felt that the price fall should be averted so as to save the growers.TCP, however is active on selling cotton to foreign buyers at present. In all, it is reported to have sold 1.148 million bales, of which 100,000 bales were exported.Meanwhile, sources said about 50,00

A free-trade agreement (FTA) between Australia and China could lead to the Australian wool industry providing for almost half the demand for woollen garments in China's booming clothing market.The Australian Financial Review reported this week that the WTO (textile Export Quota) FTA had the potential to lead to Australia providing up to 8 per cent of China's total wool requirements. China has reportedly shown no interest in the mulesing issue.Australia is well placed to overcome one of the key c

After a series of talks, the US and Chinese negotiators claim to have broken ice, and see a solution to the trade dispute that has been raging between the two countries since couple of months.Chinese side led by foreign trade department official Sun Jiwen and the US team led by David Spooner concluded their meeting in San Francisco, a few hour back.Spooner informed that a comprehensive agreement to limit imports of Chinese clothing and textiles into the United States was in the offing.Since the

Trade officials from the United States and China met in San Francisco August 16-17 to negotiate a comprehensive agreement covering imports of textiles and apparel. Any new agreement would be intended to replace the use of the safeguard mechanism that the US government and industry have been using to impose quotas on products where it has been demonstrated that imports are disrupting the US market. The negotiations were scheduled after US trade officials consulted textile industry leaders and mem