Only those companies having high export figures in the previous year will be allowed to transfer of textile quotas or textile producers that form partnerships with one another will be allowed to do so, the Ministry of Trade informed in a circular issued on April 4.Also, only group members will be allowed internal transfer of textile quotas given to producers in alliances. No other types of quotas will be transferable, conveyed the circular.The circular also instructed that the Information on the

Subject to EU deciding unfavourably on Chinese textiles in its review on its new Generalized System of Preferences (GSP) on April 6, China would muster immediate support of its textile exporters and build up a case for the World Trade Organization to intervene. This was revealed in a media interview by an official with the research academy of the Chinese Ministry of Commerce yesterday statin that China would take a legal recourse seeking independent action to engage in a WTO lawsuit. Earlier on

US apparel imports could be stimulated by the rebound in dollar's value in the first quarter, compared with currencies of low-cost countries. Imports from the euro zone and from the UK could be depressed by the weakness in the euro and the pound at the same time. With its taka further falling, Bangladesh gets a clear advantage to competitors in the first year without quotas. The US dollar finally rose against a large number of currencies in developing countries in the first quarter this year.

Leading apparel and footwear company Nike annouced, The Supreme Court ?in its civil section ?has finally passed a judgment in favour of Nike, after the Constitutional Court reversed a 1999 ruling banning Nike from the use of its name for apparel in Spain. In practice, this means that Nike can use its name for apparel in Spain, as it has been doing in the rest of the world. The Supreme Court has therefore entirely confirmed the Barcelona High Court ruling of 1995, which was first repealed by the

The VAT effects have started seeping in the mind of the producers, marketers and consumers of the leather and footwear industries.With the implementation of Value Added Tax (VAT) from April 1, 2005, leather goods and footwear industry will see a steep 10 percent rise in prices of its products across 19 Indian states, which have decided to implement the scheme. Commenting on VAT, Kuruvilla Kuriakose, director (finance), Mirza Tanners said, ?eather footwear is taxed at the rate of 12.5 per cent wh

US imports of cotton denim trousers from China surged 737% in January after their prices fell, according to first US official data. China therefore became the third supplier on the US import market, although still very far from Mexico. Cambodia and the Philippines were the first victims of China's success while duty-free imports from Central America sharply rose. US imports of cotton denim trousers (men/boys and women/girls) were up 26% in volume terms in January 2005, from the same month last

After China's exports again surged in February, the United States is now expected re-imposing quotas on certain textile and apparel imports, effective from next summer. The new quotas will be at higher levels than earlier anticipated, however, after US courts forced the administration in suspending investigations for weeks. Latest trade statistics just confirmed the surge in China's textile and apparel exports in the first months without quotas. According to China's official statistics, appar

The US Commerce Department said on Monday that it is planing to start special monitoring to keep track of imports of foreign clothing and other textiles next month. US Commerce Secretary Carlos Gutierrez announced that the new monitoring system should be in place by the first week of April. The preliminary reports of textile and apparel imports will be posted every other week on a Web site that will be maintained by the Office of Textiles and Apparel under the department. "This action demons

The Chinese Foreign Ministry said Tuesday that putting all the blame on China for recent textile trade disputes is "groundless," as the United States and the European Union "unreasonably" overprotect their textile indu stries. Liu Jianchao, Chinese Foreign Ministry spokesman, made the remarks in response to a question over heating tensions on textiles among China, the US and the EU. China textile exports have grown explosively since a global textile quota system ended on Jan. 1 under the Wor

Polymer Group, Inc. (OTC Bulletin Board: POLGA; POLGB) announced it will increase prices on its products globally due to significantly higher raw material costs. Price increases from suppliers to PGI continue to rise this year as oil prices reach record highs. The company experienced increases of more than 50 percent last year on certain petroleum-based raw materials that are key components of its nonwoven products. In addition, PGI has been impacted by higher costs of polypropylene, the com