China announced that it will abolish the export tariffs imposed on 17 Chinese textile products following the European Union's new trade restrictions as of August 1. The Customs Tariff Commission (CTC) under the State Council informed that the EU has announced quantitative restrictions on 17 types of Chinese textiles as of July 20. The commission said China still collect export tariff on 51 other textile goods in a bid to control excessive expansion of textile exports. The decision was made by th

Los Angeles based fastest growing company Natural Area Rugs announced an exciting range of new additions to their popular Kenya Collection of Sisal and Seagrass Area Rugs and Sisal Wool Blend rugs. These additions increase the choice for buyers and collectors of these popular contemporary rugs. Due to an increasing demand for natural area rugs, and for the Kenya Collection in particular, it was decided that additions incorporating new designs and patterns would add to the buyers shopping experie

Post its split with parent Vardhman group of companies, the Rs 300-crore Oswal group is planning to set up a greenfield facility for textile weaving ?under the banner Vardhman Polytex Ltd (VPL) ?with an investment of Rs 150 crore. The foray will be undertaken through a joint venture company, for which VPL is in talks with a couple of European firms. Adish Oswal, MD of Oswal group, declined to divulge names of the potential joint venture partner, but said: ?e hope to finalise the JV within a mont

A significant trend of Indian textiles exports on the rise to the European Markets has been registered as per the figure released in the EU import data.Post textile quota phase growth has been impressive to the extent of surprising doubting Thomases of the industry who we skeptic at the rate the Indian exports have been growing.EU import data released recently shows January and May exports rise 11 percent to Euro 2.21 billion up over last.In the corresponding period, Indian textiles exports to U

Ending of textile quotas have brought a of 5.7 percent in textile exports from Taiwan to US$5.95 billion during the first half, this year which has been the mainstay of foreign exchange earner for the country, revealed customs statistics. Garments among them recorded the steeped fall of 24.6 percent followed by gauze cloth by 4 and other textile products by 2.4 percent. On the other hand, imports touched US $1.311 billion thus earning the country net foreign exchange income of $4.64 billion, whi

The customs duty tariff regulation committee under the State Council has decided to remove 17 textile items from the customs dragnet. This decision will make such items cheaper, and boost exports when the country is fighting restrctions from the US and the EU countries. Decision to this effect was taken by the committee on July 21, 2005. Currently, there are 51 kind of textiles under the list attracting various customs levies.

China has opposed US decision to restrict Chinese wool trousers imports and accused that US decision goes against WTO agreements.Chong Quan, Ministry of Commerce spokesman stated that the US has refused to comply related World Trade Organization (WTO) agreements.China and the US held latest round of meetings on textile and garment trade disputes earlier this month, however there was no positive outcome of those talks. Quan said that China seeks an amicable solution for both the countries as rega

Having breeched the yearly limits of 181.5 million units of sweaters and cardigan for the year 2005 in the first month of the newly agreed quota, the EU put a stop on their imports from China.A recently concluded deal between the EU and China, facilitated China to export 69 million sweaters and cardigans from June 11. However, the European Commission after July 12 stopped issuing licenses for Chinese sweater and cardigans as the country crossed the yearly limits, EU spokeswoman Claude Veron-Revi

China has opposed US decision to restrict Chinese wool trousers imports and accused that US decision goes against WTO agreements.Chong Quan, Ministry of Commerce spokesman stated that the US has refused to comply related World Trade Organization (WTO) agreements.China and the US held latest round of meetings on textile and garment trade disputes earlier this month, however there was no positive outcome of those talks. Quan said that China seeks an amicable solution for both the countries as rega

Beijing protested new US restrictions on textile imports from China a day after it revalued its yuan currency in a move likely to make Chinese exports more expensive."The Chinese government is firmly opposed and strongly dissatisfied" with the US government decision to limit imports of Chinese woollen trousers, Ministry of Commerce spokesman Chong Quan said in a statement on its website. Chong said that a decision Friday by the US Committee for the Implementation of Textile Agreements to impose