COTTON DEMAND EXCEEDS SUPPLY IN BANGLADESH

Cotton demand exceeds supply in Bangladesh

The textile industry in Bangladesh is currently in a difficult situation due to the fact that faced with a significant difference between the demand and supply of yarn and fabric.


Population growth and increasing prosperity has driven up demand for the products, which, in turn, requires increasing production capacities in spinning, textile, knitwear sectors and sub-sectors such as dyeing, printing and finishing. Providing quality products at lower prices requires the introduction of new technologies.

Most of the cotton Bangladesh imports from foreign countries, while countries such as India and Pakistan subsidizes production in the domestic market. Because of import tariffs and the cost of transportation of raw cotton Bangladesh forced to pay more for the same raw materials.

Local spinning mills have to purchase raw cotton of the same quality but at a price 30% higher than the factories of India and Pakistan. Spinning mills of Bangladesh paid an additional 6-7% for the loading and transportation of cargo. Experts believe that to stimulate the production of growth the country needs a repeal of the tax on the import of raw cotton, dyes and chemicals.

Informs fibre2fashion.

TEXTILE AND CLOTHING INDUSTRY IN VIETNAM NEEDS TO INVEST BILLIONS

TEXTILE AND CLOTHING INDUSTRY IN VIETNAM NEEDS to invest billions

Textile and garment industry of Vietnam for the development of the sector is in need of extensive investment, said the responsible representative of the Textile Association at a recent conference in Ho Chi Minh City.


Chairman of the Association of Vietnam#39;s textile and clothing (Vitas) Le Quoc An (Le Quoc An) said that the industry needs $ 2.7 billion, in addition, another 834 million dollars for development projects, the garment industry, and the rest on projects textiles, including cotton processing, synthetic fibers and weaving.

Domestic investors can provide only 40% of the required amount, and the rest will come from other sources, he added. At a conference on investment in the textile industry HCMC ten foreign and domestic financial institutions said they are willing to provide funds for the development of the industry.

The conference was organized by the Vietnam Textile and Garment Corporation (Vinatex) and the American company Coker, who is the supplier of the equipment. Inf. fibre2fashion

IF THE U.S. AND THE EU TO IMPOSE IMPORT RESTRICTIONS ON CHINESE TEXTILES CLOSES CHINESE MARKET TO FOREIGN AGRICULTURAL PRODUCTS

If the U.S. and the EU to impose import restrictions on Chinese textiles, China CLOSES THE MARKET FOR FOREIGN agricultural products

Beijing may reconsider the need to open domestic market to foreign agricultural goods, if the U.S. and the EU to impose restrictions on Chinese textile imports. This was said in a television interview Chinese Minister of Commerce Bo TSZILAY, reports AFP. Export of textile goods - legitimate right of China - said the Minister. Right on the export of textile products is a certain balance, given our commitment to opening up the market to foreign agricultural products.

However, if we can not get her own right, we can put the issue of compliance and our commitments, - he added. Recall that the U.S. intends to re-introduce restrictions on textile imports from China. The decision to introduce new restrictions on imports of clothing from China has been accepted by the committee, headed by the U.S.

Department of Commerce, after numerous requests from American manufacturers. Thus, the rule is, for a number of product categories in 2005. increase in imports can not exceed 7.5% compared with a year earlier.

PAKISTAN POLITICS COTTON PRICES

PAKISTAN: POLITICS cotton prices

Syed Arif (Arif Saeed), head of the Association of Textile Industry of Pakistan (APTMA), again drew the Government#39;s attention to the fact that the Trading Corporation of Pakistan (TCP) sells local cotton textile mills and exporters at different prices. According to sources, the statement Syed Arif referred to the fact that the TAP was selling cotton for local textile factories 2.300-2.500 rupees per maund, and exporters - at 2,150 rupees per maund. This difference in prices means that the spinners in India and Bangladesh, Pakistani cotton produced at a significantly lower price than on the one on which it is discharged from the factories.

The head of the association insisted that TAP has revised the policy in cotton prices, which gave an advantage to competitors Pakistani factories.

ALEXANDER MCQUEEN PUMA WILL WORK WITH

Alexander McQueen PUMA will work with

British designer Alexander McQueen will create a collection of shoes for Puma: the collection will be shown as part of London Fashion Week in September. For Puma is not the first collaboration with famous designers - the list of star names Christy Turlington, Neil Barrett and Philippe Starck. #39;McQueen is one of the brightest young designers, and his collaboration with Puma will allow a much wider range of buyers to meet with his clothes - said Jochen Tseytts, chairman of the board of directors of Puma. On the financial terms of the deal are not disclosed.

TEXTILE ASSOCIATION OF VIETNAM AND BANGLADESH COMBINING TO MEET OF MUTUAL INTEREST

TEXTILE ASSOCIATION OF VIETNAM AND BANGLADESH Combining TO MEET OF MUTUAL INTEREST

In order to develop the textile and garment industry, the Association of Textile and Apparel Industry (TGA) of Vietnam and Bangladesh signed a mutual agreement. According to the agreement, the Vietnamese producers of textile and garment industry have access to cheap labor in Bangladesh, which is necessary for the growth of production and exports. As the general secretary of the TGA Le Van Dao (Le Van Dao), the Vietnamese side have to like feed-in tariffs, and even if the country will face some difficulties in world trade agreement will bring great benefit to her. After the extraction of crude oil, textile and clothing sector is the second most important source of income for Vietnam.

For the Bangladesh garment industry accounts for 40% of national industrial output (5% of GDP), providing 4 million jobs, according to fibre2fashion.

THE BEST SOLUTION FOR TEXTILE HAS NOT YET DEVELOPED

THE BEST SOLUTION FOR TEXTILE has not yet developed

Chinese Vice-Premier Wu Yi (Wu Yi) after meeting with the U.S. Secretary of Commerce Carlos Gutierrez (Carlos Gutierrez) and U.S. Trade Representative Rob Portman in Beijing (Rob Portman), said that the controversy over the textiles are a major problem that needs to be soon be resolved. Regardless of the talks held at the end of the week, very difficult to come to an optimal solution in respect of the textile policy between China and the United States.

Xylan Bo (Bo Xilai), Minister of Commerce of China, at the first meeting with his American partner informed that China is experiencing tremendous strain in the country#39;s textile industry, which employed 19 million workers. However, Bo and Gutierrez expressed a strong desire to solve the problem without unleashing a trade war that could lead to significant problems in the global textile industry. Bo said China would like to resolve trade problems between China, the U.S. and the EU in the WTO.

Mr. Gao Hong (Gao Hong), a representative of the Chinese Academy of Social Sciences, said that China is still far from a complete solution. Gao recommended that Chinese entrepreneurs to upgrade their industrial structures, technologies, and develop products that brings added value in their industries, according fibre2fashion.com.

HONG KONG COURSE WITH THE EU WILL NOT AFFECT THE TEXTILE INDUSTRY

HONG KONG: differences with the EU will not affect the textile industry

Representatives of the Hong Kong government and industry veterans say that the differences between China and the EU due to the export of textile products have little impact on the textile industry and the economy of Hong Kong. Trying to assess the impact of the collision between the States on the growing export of textiles to the economy of Hong Kong, a government economist Kwok Kwok-chuen (Kwok Kwok-chuen) stated that this effect is very versatile, and can be, and to some extent beneficial. The uncertainty of the outcome of trade disputes has prompted some manufacturers to move production back to Hong Kong, which may cause a rise in the textile industry in Hong Kong.

Demand in the local market is only 70% of the growth of the industry, and as the economy of Hong Kong is aimed more at the consumer than on investment, the domestic market can consume most of the manufactured products. Informs fibre2fashion

PAKISTAN DECIDED TO RELEASE OF TEXTILE EXPORT FROM TURNOVER TAX PAYMENTS

PAKISTAN: A DECISION TO RELEASE OF TEXTILE EXPORT FROM TURNOVER TAX PAYMENTS

In Pakistan, at the federal level, it was decided to exempt from payment of tax on the turnover of the company, exporting textile products. This decision was very necessary to textile exporters have long time. Mr. Wajid Jawad (Wajid Jawad), Chairman of the Council of Textile Associations (CTA), said that this decision not only make things easier for exporters, who lose billions of rupees for payment of sales tax, but also help prevent corruption in the form of fraudulent payments illegally. Mr.

Jawad also welcomed the reduction of import duties on accessories used in factories in textile products. Chairman Towel Manufacturers Association urged the government not to build plans for the growth prospects of the cotton crop results, which may or may not achieve the same high level as expected this year. Chairman of the Subcommittee of Commerce and Industry of Karachi Muhammad Iqbal Mangrani (Muhammad Iqbal Mangrani), in turn, informed a reduction of export duties on the whole chain of production of polyester fiber that is used for blending with cotton in the production of fabrics that will significantly increase the export of textile products. #39;Import duty on polyester staple fabric, as well as the raw materials used in its production, decreased to 6.5% from the previous 20% , - he said.

Informs fibre2fashion.

TEXTILE PROBLEMS SHOULD NOT LET TRADE

TEXTILE PROBLEMS SHOULD NOT LET TRADE

Chinese Minister of Commerce warned against that textile issue between China and the United States did not become #39;an obstacle#39; to trade in other products. Xylan Bo (Bo Xilai) commented on the U.S. public attitude towards China#39;s ongoing tensions with regard to textiles in an interview with Public Broadcasting Service of the United States. The problem with textiles exaggerated in the U.S. - said the minister. - It should not be a stumbling block in Sino-US trade as textile products account for only 6% of the total annual volume of trade between the two countries. He said that Chinese textile exports to the United States in 2004 amounted to about U.S. $ 10 billion, while imports of pharmaceutical products from China - U.S. $ 7.7 billion. This figure deserves comparison.

China has also become the largest buyer of cotton and soybeans in the United States. It would be incorrect to use double standards in international trade. The right to trade in textile products under the WTO has been granted to China after he was given permission to open markets in other sectors, particularly in pharmaceutical manufacturing and services sector. Mr Bo said that the rise of textile exports was projected impacts of global removal of quotas among WTO member countries, but it might not happen if developed countries were abolished quotas gradually over the next 10 years. It is unfortunate that the U.S. did not find positive solutions.

So, China has refused to enter commitments increased export duties on their products to protect Chinese enterprises from double restrictions. The minister insisted that the introduction of protective measures against China#39;s textile products was a violation of Article 242 WTO document, as the decision was based on inaccurate statistics, made in a short period of time. Bo hopes that its views will be transferred directly to the American people and not distorted, as reported by Shina Daily.

TODAY WILL BE HELD TALKS BETWEEN THE EU AND CHINA ON IMPORT OF TEXTILE

TODAY WILL BE HELD TALKS BETWEEN THE EU AND CHINA ON IMPORT OF TEXTILE

June 10 in Shanghai will arrive EU Trade Commissioner Peter Mandelson (Peter Mandelson), where he will meet with Chinese Commerce Minister Bo xylan (Bo Xilai) to discuss the import of textile products in the EU.


Continuing the recent dialogue on the textile industry, Mendelssohn and his counterpart from China will try to find a way out of the situation on the market after the abolition of January 1, 2005 the quota system is the production of textiles. Earlier, EU Trade Commissioner opposed the return to a regime of quotas in the textile industry, and said that further policy he will pursue with all the changes in the market.

The EU has not yet adopted the restrictive actions, but has formally requested the advice of the WTO (WTO) on the two categories of textile products, as well as completed research on the seven other categories. The meeting in Shanghai is regarded as an opportunity to make a mutually beneficial solution before the EU will take precautions, according to fibre2fashion.

COMPANY BOMBAY DYEING & MFG RAISES PRODUCTION POLYESTER FABRIC

COMPANY BOMBAY DYEING MFG raises PRODUCTION polyester fabric

Representatives of the leading manufacturer of textiles and clothing Bombay Dyeing Mfg. Co. Ltd. reported that the company plans to invest 3.5 billion rupees in the modernization of a chemical plant in order to increase the production of polyester fabric to 165 000 tonnes for the third quarter of 2006


The company will build a plant for the processing of fabrics and sewing in western Maharashtra. Also plan to upgrade the retail markets and increase the production of polyester.

Bombay Dyeing has announced a net loss of 34.3 million rupees in the fourth quarter, which ended in March, compared with a net profit of 248.4 million rupees a year ago. Total revenue rose to 2.91 billion rupees, according to fibre2fashion.

MINISTRY OF INDUSTRY AND ADDRESSED THE PROBLEM OF FALLING COSTS COAL

Ministry of Industry and addressed the problem of falling costs COAL

The Director of the Department of Energy Ministry of Industry and A. Yanovsky held a meeting of the working group on the development of carbon markets and transport infrastructure, which was attended by representatives of the Ministry of Economic Development, Ministry of Transport, the FTS Rosmorrechflot, the Federal Energy Agency, Russian Railways, the largest coal companies (SUEK, KRU, Siberian business world). The press service of the Ministry of Industry.

The Working Group was established to coordinate approaches to the development of the domestic coal industry and the development of transport (primarily rail and port) infrastructure.

The working group approved the plan of the working group on the 2005 Deputy Head of domestic consumption and exports of energy resources Vladimir Shumeyko gave an overview of the proposals of the coal companies in the report On the status and problems of internal and external coal markets and proposals for their solution .

The meeting noted the emerging unfavorable situation on the world coal markets. In particular, during the period from December 2004 to August 2005 the international price of coal fell on average by 24%. In the period from July 8 to August 5, 2005 decline in the major coal markets was: SIF Europe (Amsterdam, Rotterdam, Antwerp) - 7,6%, FOB Richards Bay (South Africa) - 8,3%, FOB Newcastle (Australia ) - 6.7%, which may adversely affect the dynamics of exports of domestic coal.

Participants of the meeting outlined a plan for the preparation of the next meeting to be held in September