Dealing with trade friction between China and the United States in a proper way is not only vital to both countries'economic interests but will also have an impact on globalization. Washington's trade protectionism, which has been on the rise recently, is casting a long shadow over Sino-US trade relations. From an economic perspective, China and the United States are naturally complementary trading partners. But economics is not always in harmony with political calculations. Globalization should

During DSB meeting on 15 July 2005, Brazil urged authorization to impose countermeasures against the US in the cotton dispute corresponding to a value of approximately US$3 billion per year. The US responded by pointing out that in its communication to the DSB dated 14 July 2005 the US had objected to the appropriateness and level of the countermeasures proposed by Brazil. Hence, the matter was referred to arbitration. Both Brazil and the US also drew attention to their bilateral agreement conce

Motexha Autumn 2005 trade show is going to start from September, 12-15, 2005 at the Dubai International Exhibition Centre. The show is organized by IIR Middle East.Largest ever international participation lends expos role as the premier global sourcing event for the fashion & textiles industry.The bi-annual Motexha trade show is setting stage for its Autumn edition. The trade show has garnered strong support from trade associations in the global textiles, fashion, leather and accessories ind

The Australian wool industry is building alliances with key fashion designers, retailers and clothing manufacturers around the world to increase demand for Australian Merino wool. This was the message from Australian Wool Innovation Limited (AWI) Chief Executive Officer (CEO) Dr Len Stephens to woolgrowers at the Australian Sheep and Wool Show in Bendigo, Victoria, on Saturday."Over the past 12 months AWI has really focused on building alliances with commercial partners in the apparel market aro

A European trade expert has appreciated the assistance from Vietnamese businesses in the EU's anti-dumping probe over leather shoes. At a press briefing in Ha Noi on July 15 after two days working with Vietnamese businesses, Frederic Michiels, a technical expert from the Directorate General for Trade of the European Commission, said the investigation may take place directly in Viet Nam in early May, and between five and seven companies will be selected for investigation. The expert also said the

ISLAMABAD: The government is set to announce the 2005-06 Trade Policy on July 21 with an export target between $16 billion to $17 billion and major changes in the ongoing freight subsidy policy, a senior government official told Daily Times on Saturday.The official said the ministry of commerce was thinking about setting the 2005-06 export target at around $16 billion but officials expect that the president and prime minister will ask the ministry to set an export target at $17 billion.While spe

US based STAINMASTER carpet provides a look at emerging color trends for home decorating and design. Consumers now have access to the same information the pros use to help them create a home d?or that reflects today's emerging color trends. STAINMASTER carpet has developed a new online resource for consumers that examines trends and what moves them. Homeowners Have Access to Latest Color Decoration Ideas.Patsy Kuipers, manager, Color & Styling for INVISTA, developed the Color Point of View o

Indian textile exporters are likely to play role of value chain players by jumping into the high-valued branded garments and home textile markets in the United States and the European countries.Leading terry towel maker Welspun Industries Ltd has begin functioning the producing, marketing and distribution units of a range of towels in the US and Canada.Leading textile player, Arvind Mills has been so far supplying to major retailers such as Wal-Mart, JC Penny, and Marks & Spencer, is now pla

Currently, there are about 200 companies having applied for additional quotas for shipping apparel goods to the US under Announcement No. 0663 dated 06/06 by the Ministry of Trade (MoT).Apparel quota management department of the Ministries of Trade and Industry have been finalizing the draft rule relating additional quota distribution with consultation from Vietnam Garment and Textile Association so that companies will soon receive quotas.The association says this is the only quota supplement di

The major industrial sector in Pakistan, textile is unlikely to reach exports target for year 2004-05.The Ministry of Commerce and Export Promotion Bureau had anticipated the target of textile exports about $9.2 billion after talks with textile stakeholders.The textile exports reach $830 million in the month of May 2005, depicting of elevation when matching to the exports of $782 million exports in April 2005 and 650 million dollars in May last year.An Export Promotion Bureau official informed t