The standoff between China and the EU climaxed to reach for an agreement in solving the vexxed issue of textile trade dispute. In May, the European Union (EU) announced imposition of safeguard measures on certain Chinese textile imports, on claims of harming the domestic apparel and textiles makers in face of soaring imports after the expiry of the textile global quota on January 1, 2005. EU Trade Commissioner Peter Mandelson and China's Minister of Commerce Bo Xilai met yesterday in Shanghai wh

A phenomenal 50.9 percent growth in US exports to India was registered during Jan-Feb 2005 compared the corresponding periodin 2004. The figures indicate that teh rate of exports growth from US to India was much higher than Indian exports to the US. India? exports to the US grew at a rate of 18.3 percent during the period Jan-Feb 2005 compared to the corresponding period in 2004. The bilateral trade between India and the US continued to grow and registered a growth of 26.1 per cent during the pe

Australia, home of the world? finest Merino wool and the world? largest Merino sheep flock is also, unfortunately, home to a particularly aggressive species of fly, Lucilia Cuprina. Beautiful name, but ugly reputation.These blowflies specifically target Merino sheep and, without going into gory detail, can very easily lead to the sheep becoming infested and eventually dying a painful death. To prevent these deaths, Australian farmers remove a strip of skin from the rear end of the lambs, prevent

The budget brought cheers for local chemical manufacturers of Pakistan while ushering in protectionist measures by increasing customs duty on the import of 1,870 items, and imposing taxes on 16 other items proposed in the Budget 2005-06.An increased slab of 15 percent besides four existing bands of 5 percent, 10 percent, 20 percent and 25 percent have been proposed for local industry and trade to prosper.In a bid to rationalize tariffs, about 190 items (tariff lines) would be kept at 15 percent.

EU Trade Commissioner Peter Mandelson will arrive in Shanghai on 10 June. During his visit, the Commissioner will meet his Chinese counterpart, Minister of Commerce Bo Xilai, to discuss Chinese textiles imports to the EU.Continuing the recent intensive dialogue on textiles, the Commissioner will hold talks with Minister Bo Xilai with a view to finding a mutually agreeable solution to deal with the market situation in the EU following the elimination of the quota system on January 1st 2005. In a

Japan's fashion industry has planned to launch ?apan fashion week?to promote Japanese fashion brands all over the globe.The event is scheduled to start from the end of October to the beginning of November. It will be promoted as "a Paris collection with a Tokyo style."Shoichi Nakagawa, Minister of Economy, Trade and Industry informed about the event at a news conference. Industry sources said famous designers in the Japanese fashion industry such as Rei Kawakubo appeared in succession during the

An attempt by European footwear makers to launch safeguard measures against China cannot be justified, according to sources from China Leather Association (CLA).China's footwear exports to the European Union (EU) reached 257 million pairs in the first three months this year, up 2.8 per cent year-on-year, while the total value hit US$726 million in this period, up 30.8 per cent from the previous year, said statistics from China's General Administration of Customs."This figures shows that China's

After Chinese textiles, it is the Chinese shoes, which may face safeguard measures from the European Union on account of surge in imports during the first three months this year. Chinese Customs figures revealed that over Yuan 730 million worth of shoes to the EU countries, up 30.6 percent over the same period of last year.This prompted China Association of Leather to comment in media that the EU may impose restrictions on China's shoes imports in early June.It is feared that akin to the problem

Wu Yi, Vice Premier of the State Council, met with Carlos Gutierrez, US Secretary of Commerce, and Rob Portman, US trade representative, exchanging views on China-US economic and trade relations deeply and sincerely. Vice Premier Wu Yi said that last year, China-US economic and trade relations were generally good, cooperation was improved deeply, and the features of mutual benefit and win-win were obvious. Chinese government attached great importance to China-US economic and trade relations and

Leading engineering, procurement and construction company Zimmer AG, a company of the mg technologies ag group, successfully commissioned a polyester staple fiber plant in China after a short time in reaching all guarantees.Customer of this plant with a total investment value of around 30 million Euro is the Fujian Jinlun Petrochemical Fiber Industry Co. Ltd., one of the biggest companies in the Chinese staple fiber manufacturing industry.The plant, located in the Binhai Industry Zone Changle, F