China's mainland is set to implement zero tariffs on all products produced in Hong Kong from January 1, 2006. This decision will mark the beginning of the third phase of the Closer Economic Partnership Arrangement (CEPA) between the two sides. The dropping of tariffs was revealed last week by Wang Liaoping, director of the Taiwan, Hong Kong and Macao Affairs Department of the Ministry of Commerce. The official said that under the arrangement, an additional 300 categories of Hong Kong products, r

Chinese Bureau of License, Department of Foreign Trade and CIECC of the Ministry of Commerce reached a consensus that certifying authorities throughout the country and Customs implement on-line confirming system on provisional textiles export license from July 20, 2005. Written forms and electronic data of provisional export license will be foundation of the Customs, and the Custom will do related formalities after checking the written forms and electronic data of provisional export license. It

China has firmly countered the target of the United States for curbing categories of the imported Chinese curtains, said Chong Quan, spokesman of the Chinese Ministry of Commerce. The US Committee for the Implementation of Textile Agreements (CITA), an inter-agency committee overseen by the US Commerce Department, accepted the application made by some US textile industry communities on imposing limits on imported Chinese curtains on July 14. This is another new application accepted by the CITA t

Leading textile machinery manufactures from China intends to set up sales and service network throughout the India, with a vision to expand in the emerging spinning and chemical fibre zones in the textile industry.Liu Haitao, part of a delegation of textile machinery manufacturers, on under China Texmatech (CTMTC) on country's visit to display their supply capability, informed that they are deeply interested to expand particularly in spinning, weaving and garment sector.However, manufacturers ar

President of the European Union Commission, Jose Manuel Barroso stated that China's emergence should be considered as an opportunity not as a threat. Speaking at a business school in Shanghai, Barroso said the whole world is increasingly aware of China's influence with its rapid economic growth over the past two decades. But China's rise is "an opportunity" rather than "a threat" to other countries, he said. Barroso arrived in Beijing Thursday morning for a five-day official visit. He said durin

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