The TUC is today (Tuesday) calling on the Government to host a special manufacturing summit to examine how British industry can prepare itself to tackle the threat to companies and jobs posed by the rapidly expanding Chinese economy.The call comes in ?hina, Europe and UK Manufacturing? a TUC report being presented in a speech today to a Manufacturing Institute Conference by TUC Chief Economist, Ian Brinkley. The report says that employers are wrong to think the UK can compete with the Far East b

European Union (EU) is likely to impose anti-dumping lawsuit against Vietnamese footwear industry.The EU plans to work with domestic authorities to find out the real amount of Vietnamese footwear exported to its markets. Councils of the European Commission's Directorate General for Trade informed that if the footwear increased over three percent of the EU? market share, will be inspected for dumping.Local trade veterans have recently opined that Vietnamese exports which include textile, garments

The state announced a project named ?extile Belt? at the Lotte Hotel in downtown Seoul to support Overseas Koreans Foundation (OKF).OKF president Lee Kwang-kyu informed that the project that is to support country? textile business communities overseas, will be proposed during the upcoming fourth World Korean Business Convention.The convention will be held at the Korea International Exhibition Center (KINTEX) in Koyang, Kyonggi Province from 13 to 15 September, 2005. Lee said that they have plann

Leading textiles players are likely to invest about Rs 2,500 crore in Madhya Pradesh state.Pratibha Syntex Ltd has announced to set up a towel manufacturing unit at an investment of more than Rs 500 crore in the special economic zone (SEZ) in the Dhar district near Indore.Mahavir Spinning Mills, a flagship company of Vardhman group has unleashed expansion plan of worth Rs 1100 crore in Raisen and Sehore districts. Pratibha Syntex, Maral Overseas and Nahar Spinning Mill also plan to invest in the

Global fabric production remained almost unchanged on its record level. A strong increase could be observed in South America, whereas fabric output in Asia and Europe fell slightly. The level of world yarn production did not change. Again, while South America could increase its yarn output, Asia and Europe experienced a small decline. Both yarn and fabric inventories were lower on world level. Especially in South America and Europe yarn stocks were reduced considerably, while Asian yarn inventor

In the Multi Fiber Arrangement world of quota-free trade in yarns, fabrics, and finished textiles, the Central American Free Trade Agreement (CAFTA) represents a direct threat to China? growing power?ndeed, its near-monopoly?n world textile production.If passed, CAFTA would enhance the competitiveness of Central American factories that pay higher wages higher than China and predominantly use U.S. cotton. But if CAFTA fails, U.S. cotton exports to Central America will come to an end, while U.S. i

The 1st International Textile Educational Conference organised by The Textile Association (India), under the theme Global Textile Education, will be held at Hotel Taj Coromandel in Chennai, Tamil Nadu State, India, between 1st to 4th July 2005.The prime objectives of the conference are to bring together Intellectuals, Academicians, Research Associates, Scholars, Industrialists and Students to a common platform to deliberate on important issues pertaining to global textile education and to set th

After reviewing video footage showing the stunningly cruel treatment of sheep at the hands of the Australian wool industry, more than a dozen knitting and yarn stores spanning the country have announced that they will no longer buy Australian merino wool.The stores include Allinda Knitting Boutique in Spokane, Wash.; The Quiltery in Battle Creek, Mich.; Jean? Designer Yarn in Tamarac, Fla.; Elegant Stitch Ltd. in Pawleys Island, S.C.; Article Pract in Oakland, Calif.; and four businesses in the

Chinese trousers manufacturers should stop exporting cotton trousers to the United States, according to statistics from the China Chamber of Commerce for the Import and Export of Textiles. Other textile exporters should also be careful about their exports of certain categories under US restrictions imposed in May. The statistics published on the chamber's website showed that the clearance rate of cotton trousers had exceeded 103 per cent of the year's quotas given by the United States by June 23

The World Bank announces that the proposals by US and EU policymakers to curb Chinese imports were unmerited and insincere.Peter Stephens, the World Bank's spokesman for Asia informed that rise in tariffs and imposing quotas on trade are the nastiest response. The US and EU accused that its domestic textile players have been harmed by increase in Chinese imports since ending of quota system, which ended on 1 January, 2005.US has already imposed restrictions over the growth of Chinese textile imp