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Brazilian policymakers announced that they are serious about to remove restrictions on the intellectual property rights of US companies if US administration fails to modify the existing cotton subsidy mechanism.The deadline, July 1, 2005 was set by the World Trade Organization (WTO) in Geneva that found that US support to cotton farmers, which resulted disruption in world prices by encouraging overproduction.If US administration fails to resolve the issue before deadline, it would affect a range
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Likewise European retailers, the Asian retailers are also enthusiastically waiting to enter Vietnam? potential market, which is now permitting foreign investors to enter into its domestic market. Leading Malaysian retail group, Parkson will open its first store in the Vietnamese market this month by leasing Saigon tourist Trading Center in downtown HCMC, the retailer also plans to open additional nine stores in its first five years of operation in Vietnam.Tham Tuck Choy, CEO of Parkson - Vietnam
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After announcing that it would impose safeguards on apparel and textiles, the US government began helding consultations with China. The talks come after the recent agreement between the EU and China to limit Chinese textile imports to the EU in certain categories.
Thursday night, consultations commenced between China and the US to discuss ways of diffusing recent trade tensions over textiles.
The consultations have been seen as the first step in proceeding to resolve the ongoing problem which
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The Vietnam? domestic textile and garment industry requires a massive investment capital flow reaching billions of dollars from now to 2010 to enhance the sector, said a Senior Official of a textile association at a recently held conference in HCM City.Chairman of the Viet Nam Textile and Apparel Association (Vitas) Le Quoc An, stated that the industry requires over US$2.7 billion, besides $834 million for the garment projects and the remainder poured into textile projects including processing c
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In a joint effort, Fountain Set (Holdings) Limited (?ountain Set?or ?he Group? SEHK: 420), a global leader in the manufacturing of top quality knitted fabrics and Ocean Star Apparel, Inc. (?SA? announce the development of a new premium cotton fabric ?ENDURA. Ocean Star Apparel is a vertically integrated apparel manufacturing powerhouse based in New York. As a key driver in the development of Endura, OSA has exclusive rights to offer the resulting apparel lines to the retail channel.Apparel made
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Transformations of sheer lightness, gossamer weaves that rule the imagination, the hush and pageant of precious fabric. This is Elodie Brunet? textile collection, currently on exhibit at the Ayala Museum Glass Wing, entitled "Sli-on."
How is such delicacy captured in translucent fabric? Subtle patterns that intuit a fabric? mood and feeling? Weaving is an altogether different discipline, that requires one? thoughts and emotions to be still and be filtered to their profound subtleties. It requir
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After falling out of fashion with investors in recent months, the apparel sector is preparing for a makeover that may include mergers.
Facing a stagnant market, clothing companies have been expanding during the past several years through a series of small and medium-size acquisitions. But as the retail industry continues a wave of consolidation, apparel makers are poised to accelerate their acquisition activity as a way to increase their negotiating clout with the new retail giants.
Industry
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The 11th International Exhibition on Textile Industry (ShanghaiTex 2005) opened recently. Germany has become the biggest foreign exhibitor once again. Up to 100 German enterprises exhibited their spinning, weaving, fabric, knitting, non-weaving, dyeing, finishing machines, accessories, compo-nents, and textile chemicals, while 63 of these enterprises took part in the Germany official group. The giant German group army of Textile Industry has made a well preparation for getting involved into the
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Polyester prices were stronger this week in China as a result of a rebound in raw material costs. Since demand is far from surging however, prices should not significantly increase in the coming weeks.
PSF
Polyester staple fiber prices bottomed out in the past seven days in China after declining in the preceding four-week period.
PSF prices rose from 10,300-10,600 yuan per ton up to 10,500-10,700 yuan. Prices bottomed out after production was partly reduced at Chinese polyester plants.
Deman
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When import quotas on textile products coming into the United States ended January 1, 2005, under World Trade Organization agreements signed 10 years earlier, a flood of clothing poured in from China. Within months, the U.S. responded with restrictions on Chinese apparel imports. Yet according to Wharton faculty and industry executives, these restrictions will only delay, not end, the global move toward quota-free garment trade.
While some large U.S. textile makers are opposed to the removal o