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European clothing retailers face a further headache after their quota of Chinese-made women? blouses hit an EU import ceiling on Thursday.
Retailers and some governments have already expressed concern after Chinese-made sweaters and trousers were impounded at ports and warehouses as quotas for those categories were exceeded in recent weeks.
The quotas were agreed between Brussels and Beijing in June as a way to slow soaring Chinese clothing imports entering the EU. But the quotas were quickly
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View that profit earned through the abolition of the global quota system may last very short, seems to be making rounds among industry circles. Lack of quality in fabrics manufactured by local power-looms is affecting garments quality and perpetually raising the manufacturing costs. A leading clothing company? senior official informed that their company is pressurized to import over 50 percent of the total cloth required, due to paucity of quality fabric in India.Mumbai-based Millowners?Associat
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With the elimination of world quotas this year, T-shirt shipments to the US increased during the first half of 2005. The surge from China is due to be halted by embargoes whilst neighbouring Asian countries battle it out with Latin America for T-shirt supremacy. The Central American countries are hoping in the long term to be boosted by CAFTA.
World shipments of T-shirts to the US market grew by nearly 12 percent in the first half of 2005, compared to the same period in 2004.
Post quota surge
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At a conference in Istanbul, the Chairman of the Istanbul Textile and Ready-Wear Exporters Unions (ITKIB), Suleyman Orakcioglu stated that the country has the capability to hold lion's share of the organic textile and clothing sector in the coming decade, as at present it is producing about half of the world's organic total cotton output.The conference was organized by the ITKIB to announce the Organic Exchange Conference and Marketplace Conference, to be held during September 26-28 in Izmir. Th
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The Quick Estimates of Index of Industrial Production (IIP) with base 1993-94 for the month of June 2005 have been released by the Central Statistical Organisation of the Ministry of Statistics & Programme Implementation. The General Index stands at 212.5, which is 11.7 percent higher as compared to the level in the month of June 2004. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of June 2005 stand at 150.6, 223.7, and 188.8 respect
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After surging with the end of quotas, US textile imports from China stabilized in the last three months. Shipments even fell in a large number of categories, mainly due to seasonal factors and a continued decline in US textile consumption.
US textile imports from China are showing no signs of further surging. After jumping in a large number of categories in the first post-quota months, shipments were stabilized at their current level.
Entries even fell in July for certain categories as reflect
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Hong Kong's trading in cotton denim fabrics continued soaring in the first half, boosted by higher sales to China and to other low-cost countries such as Bangladesh. Hong Kong's denim exporters are taking advantage of the rebound in Asian clothing production in the post-quota period. Unit values fell in the first part of the year in addition, partly due to lower cotton prices.
Hong Kong's re-exports of cotton denim fabrics (HS 520942) were up more than 32% in volume terms in the first part of t
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Washington (AP) - Shoppers who enjoyed a sustained drop in clothing prices over the past year are likely to see markups on pants, shirts and dresses if the Bush administration gets China to agree to comprehensive limits on its clothing and textile exports.Since a three-decade system of clothing and textile quotas expired Jan. 1, there has been a flood of clothing and textile imports entering the United States from China.Those shipments are up 58 percent so far this year, an increase that has pla
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WASHINGTON -- When U.S. and Chinese textile negotiators sit down today, the administration's effort to help beleaguered American manufacturers could end up costing consumers some of the sweet deals they have been enjoying on clothing prices.
Some experts say America's clothing bill could rise by $6 billion or more annually if domestic producers get what they want -- a comprehensive deal limiting a broad array of Chinese imports.
Gary Hufbauer, a top trade expert at the Institute for Internat
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PETER MANDELSON, the Trade Commissioner, is to convene crisis talks between European Union member states over Chinese clothing quotas, amid fears that retailers will face shortages and price rises this autumn, The Times has learnt.
The talks, to take place as early as this week, come as goods bound for Europe from China, worth an estimated ?0 million, have built up in ports because quotas on jumpers and trousers, which were imposed last month, have been filled. Quotas on bras, T-shirts and blo