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BEIJING (AP) -- A European Union trade delegation met their Chinese counterparts on Thursday in an effort to fix an agreement on textile quotas that has left tons of garments stranded at ports.
An agreement reached in June imposed quotas on cheap Chinese imports into Europe to protect European textile producers. But it has resulted in a pileup of Chinese-made sweaters, pants, bras and other garments at European ports.
EU Trade Commissioner Peter Mandelson on Wednesday acknowledged there had b
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Recent quota restrictions on Chinese textile imports levied by European Union is causing havoc for the Irish clothing industry, it was claimed today.Michael Hannon, from the Irish Business and Employers Confederation (IBEC), said around 50 to 70 million garments are currently blocked in European customs as they exceeded agreed quota allowances between the EU and China.?ashion suppliers are under increasing pressure as their product, which is seasonal and has a short shelf-life, is piling up in I
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Business relations between India and Pakistan are looking bright as bilateral trade between these countries grew by an impressive 74% last fiscal. As per commerce ministry statement, the business grew to $600 million from $344 million the previous year."It is expected that this positive trend will continue, although it is difficult to quantify the actual potential," the statement said, adding that efforts were also underway to boost bilateral merchandise trade between the two countries. A joint
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There has been a negligible price fluctuation observed in polyester staple fiber as crude oil has reached at a peak during August. About one US cent per pound rise in the low end of the price range observed as 1.4/1.5 den polyester staple fiber averaging C&F the port to the equivalent of 49.00 to 52.00 US cents per pound outside the China. China market has remained as usual with the price hovering at around 10,800 yuan per ton or about 60.41 US cents per pound.In India and Western Europe the
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Z?ich based The International Textile Manufacturers Federation (ITMF) said contamination of cotton remaining a serious problem for spinner? stickiness on a record low.Foreign matter, stickiness and seed-coat fragments in raw cotton continue to be among the most serious problems affecting the cotton spinning industry worldwide. This is the conclusion to be drawn from the ?otton Contamination Survey 2005?which has just been released by the International Textile Manufacturers Federation (ITMF). The
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China has stopped issuing permits for certain textile products exported to the European Union (EU), an official with the foreign trade department of China's Ministry of Commerce (MOFCOM) said over the weekend.
"The move is to prevent enterprises from suffering further losses (for products being blocked at the EU customs)," he said adding the ministry was calculating the quotas left over in the agreement reached with the EU.
Women's blouses last week hit the ceiling following sweaters and trous
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BRUSSELS, Belgium_EU negotiators will fly to Beijing on Wednesday for talks on a textiles trade row threatening fall and winter clothing lines in European stores.
Some cheap Chinese clothing imports have been blocked from entering the EU after six textile categories exceeded European trade limits in July and August.
Shirts, bras and flax yarn have now joined sweaters, men's trousers and blouses in overrunning EU quota limits for 2005 that China agreed to in June.
Brussels is facing growing ca
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EU embargo has led to flooding of various ports all across member countries leading to a very peculiar situation for both retailers and consumers.Yesterday, the French Trade Ministry revealed igures indicating the state of Chinese textile goods held at various ports throughout Europe.It said 5.9 million sweaters, 1.2 million trousers, 121,150 blouses, 52,600 T-shirts and almost 10,600 bras are lying at various French ports. Besides, 40 containers holding mechandise valued at 5 to 6 million Euros
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In June 2005 compared to May 2005, manufacturing of textiles and textile products declined by 0.1 percent in the EU25.Manufacturing of machinery and equipment increased by 2.6 percent in the euro-zone and by 1.1 percent in the EU25. Manufacturing of chemicals and chemical products gained 1.2 percent and 1.3 percent respectively. In June 2005, and among the Member States for which data are available, total manufacturing working on orders rose in nine Member States, fell in six and remained stable
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Import customs duties for certain light and textile industries machinery may go, informed Andrei Kushnirenko, Deputy Director of the Economic Development and Trade Ministry's trade negotiations department, Tuesday. Speaking at the session of the Commerce and Industry Chamber, he said that an interdepartmental commission on protective measures in foreign trade and the customs-tariff policy would consider the cancellation of import customs duties for Jacquard looms and other equipment. Kushnirenko