While the Trading Corporation of Pakistan has stopped trading local cotton since August 15, local growers and ginners are apprehensive of not fetching remunerative prices for their cotton.Traders sought Government intervention and felt that the price fall should be averted so as to save the growers.TCP, however is active on selling cotton to foreign buyers at present. In all, it is reported to have sold 1.148 million bales, of which 100,000 bales were exported.Meanwhile, sources said about 50,00

A free-trade agreement (FTA) between Australia and China could lead to the Australian wool industry providing for almost half the demand for woollen garments in China's booming clothing market.The Australian Financial Review reported this week that the WTO (textile Export Quota) FTA had the potential to lead to Australia providing up to 8 per cent of China's total wool requirements. China has reportedly shown no interest in the mulesing issue.Australia is well placed to overcome one of the key c

After a series of talks, the US and Chinese negotiators claim to have broken ice, and see a solution to the trade dispute that has been raging between the two countries since couple of months.Chinese side led by foreign trade department official Sun Jiwen and the US team led by David Spooner concluded their meeting in San Francisco, a few hour back.Spooner informed that a comprehensive agreement to limit imports of Chinese clothing and textiles into the United States was in the offing.Since the

Trade officials from the United States and China met in San Francisco August 16-17 to negotiate a comprehensive agreement covering imports of textiles and apparel. Any new agreement would be intended to replace the use of the safeguard mechanism that the US government and industry have been using to impose quotas on products where it has been demonstrated that imports are disrupting the US market. The negotiations were scheduled after US trade officials consulted textile industry leaders and mem

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

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

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

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

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

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