Commerce Secretary S N Menon has called for diversification of India? export basket to China to maintain growth rate in bilateral trade. He was delivering the keynote address at the seminar on ?iversification of Indian Exports to China?jointly organized by the Department of Commerce, Ministry of Commerce and Industry and the Federation of Indian Chambers of Commerce and Industry (FICCI). ?he bilateral trade between the two countries amounted to US $ 11.3 billion in 2004-05. However this is less

Chinese textile firms are determined to streamline their export products and expand further into the world market as the United States threatens to slam its doors to several lines of China-made textile and garment products. "It's a top priority for us to diversify our products and further tap the world market," said a business executive from Youngor based in the city of Ningbo, East China's Zhejiang Province. "We must not cling to the US market alone." "Domestic companies have to set up their ow

China Textile Import and Export Chamber warns to Chinese companies urging them to cease exports of six groups of textile items to the US, as they are in danger of filling their permitted quotas prematurely.This is the second time that the Chamber has been forced to issue alerts to companies over their export levels.The US Committee for the Implementation of Textile Agreements announced a 7.5 per cent limit on the annual rise of imports of Chinese cotton shirts, trousers and man-made fibre underw

Latest statistics from Ministry of Commerce (MOFCOM) Department of Asian Affairs on July 14 indicates that in January through May, the bilateral trade between China and India amounted to US $7.71 billion, up 41.4 percent on a year-on-year basis. Of which China's exports to India were $3.09 billion and imports $4.62 billion, up by 65 percent and 29 percent respectively. India has replaced Canada as the tenth trading partner of China, and 10 percent higher than the bilateral trade between China an

Windows based ERP, Warehouse and Distribution management systems solutions provider XeBusiness together with The University of Salford's business link association CAMPUS and regional textile industry body nwtexnet will jointly sponsor a lunchtime seminar 'IT FOR BUSINESS SURVIVAL' event on how IT can provide competitive advantage to local apparel and textile manufacturers, distributors and importers.The seminar will be on Friday 9th September 2005 at the University of Salford from 12 noon to 2.0

About 25 textile and apparel manufacturing clusters across the country would be set up with Government funding to the tune of Rs 1,000 crore in the coming three years, says Union Textile Minister Shankersinh Vaghela. The Minister was non-commital about the time frame for setting up the clusters. This would be done only after merging two existing plans, Textile Centres Infrastructure Development Scheme and Apparel Parks for Export, said Textiles Secretary R Poornalingam. For this, entreprenuers w

The 36th edition of the International Footwear, Fashion Accessories, Machines and Components Tradeshow (Francal) will take place between the 13th and 16th of this month, in S? Paulo.Largest Latin American fashion event - Francal will be a confluence of Brazilian designers, shoe manufacturers and famous fashion designers. Arab countries are among potential buyers for these products. World-renowned Brazilian stylists like Amir Slama, Alexandre Herchovitch, Walter Rodrigues, Maur?io Medeiros, Glori

The US Government is looking into another kind of Chinese textile - it is now probing the import of Chinese curtains. However, the US delegation to the Sino-US Joint Commission on Commerce and Trade, held in Beijing on July 11, has promised to be prudent with further safeguard measures on textiles and garment products from China. The US Committee for the Implementation of Textile Agreements (CITA) announced the decision was made after a petition re-filed by a coalition of textile companies and a

Dealing with trade friction between China and the United States in a proper way is not only vital to both countries'economic interests but will also have an impact on globalization. Washington's trade protectionism, which has been on the rise recently, is casting a long shadow over Sino-US trade relations. From an economic perspective, China and the United States are naturally complementary trading partners. But economics is not always in harmony with political calculations. Globalization should

During DSB meeting on 15 July 2005, Brazil urged authorization to impose countermeasures against the US in the cotton dispute corresponding to a value of approximately US$3 billion per year. The US responded by pointing out that in its communication to the DSB dated 14 July 2005 the US had objected to the appropriateness and level of the countermeasures proposed by Brazil. Hence, the matter was referred to arbitration. Both Brazil and the US also drew attention to their bilateral agreement conce