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US claims Indian subsidies impede World cotton trade
The US National Cotton Council says India’s cotton subsidies, coupled with its failure to notify the World Trade Organization of those subsidy levels, is a major impediment to cotton trade. WTO member...
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Indian textile exporters target Japan and South African markets
Indian exporters are planning to counter demand contraction in key markets like the US and Europe, Indian textile exporters are exploring alternative markets like Japan, South Africa and Latin America...
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274.2% growth in Tunisian textiles FDI
According Touibi Khaled, Director General of the textiles and clothing within the Ministry of Industry, Energy and SMEs, foreign direct investment in the sector have recorded a growth of 274.2% during...
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Pakistan is demanding Free market access to US market
Pakistan private sector Tuesday urged US President Barack Hussein Obama to announce direct market access to Pak products on zero rate duty while meeting with President Asif Ali Zardari to help stabili...
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Turkish free trade zones hard hit by global crisis
Turkey's 18 free trade zones have taken a beating from the global economic crisis as the country's export markets shrivel and, as a combination of both plummeting consumer confidence and a depreciatio...
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US and EU buyers are forcing Pakistani exoporters to outsource due to current Political situation
The foreign buyers are forcing the Pakistani textile exporters to fill the export orders from alternative factories located outside Pakistan, Daily Times learnt on Saturday. The rationale cited for co...
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US Cotton prices jumps amid plans for lower US cotton planting
Cotton prices yesterday hit a six-month high - up 8.5 per cent this year - as speculators gave more weight to news of lower planting intentions in the US on the back of dismal demand from the textile...
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Apparel maker VF's 1st-qtr profit falls one-third
Shares of apparel maker VF Corp. fell after hours Tuesday after the company painted a bleaker picture of the fall and remainder of the year than investors were hoping for, cutting its revenue and earn...
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Jones Apparel to Close 225 Stores
Jones Apparel Group on Wednesday reported a year-over-year decline in Q1 revenues of 8.6% to $891 million, and announced that it plans to close 225 stores in 2009 and 2010. The company did not identif...
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Is Tunisia the next Dubai?
Dubai entered 2009 by becoming yet another victim of the global credit crunch; an exodus of foreign investors has been taking place during the first three months of 2009. However, not so far away, the...
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Egypt, Spain venture to launch new industrial zone
Egyptian and Spanish partners are investing almost $250 million to build an industrial zone in Egypt to attract investment from Europe despite a world financial downturn, an official said on Monday. P...
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DOMOTEX Middle East 2009 prepares to address expected rise in demand in Egypt
DOMOTEX Middle East 2009, the only dedicated carpets and floor coverings exhibition in the MENA region, has announced that aggressive construction spending in Egypt, which has been estimated to increa...
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Credit crunch effects Jordan apparel exports
Around 90 per cent of the industrial sector in the Kingdom is encountering difficulties in obtaining credit facilities due to banks’ strict lending policies, according to Jordan Chamber of Industry Di...
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China announces textile stimulus plan
China's State Council, or cabinet, Friday unveiled a detailed, three-year support plan for the textile industry.The Council said the plan was intended to ensure stable development in the industry and...
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Indian Government welcomes Egypt textile safeguard cancellation
In January 2009 a temporary precautionary fee of 25% of CIF value was imposed by the Arab Republic of Egypt on imports of cotton yarn and fabric [HS Code 5205-5212] and sugar. The minimum fee was half...
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Tesco profits soar despite fall in clothing sales
UK retail giant Tesco has posted annual underlying profit of GBP3.23bn (US$4.7bn), up 10% for the 53 weeks ended 28 February 2009, but saw clothing sales fall 2% in the same period. Tesco maintained t...
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Egyptian firms to participate in Interselection Exhibition
Egypt, as a member in the Agadir Agreement, will take part in the 2009 Intersélection Exhibition, an international fashion retail trade fair, which will kick off in Paris in October, according to Feri...
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Garment protectionism claims no more than a myth
Contradicting mounting claims of "protectionism" in the clothing industry, a new survey shows the world's leading textile and garment importers have abolished more barriers to trade in the past six mo...
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Importers criticise new apparel monitoring moves
A US apparel group has condemned a clause in the 2009 appropriations bill that could lead to monitoring of apparel imports from China and Vietnam. The bill includes language that allows the Commerce D...
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Gap March sales down 6%
Gap Inc reported its March sales were down 6 percent and comparable stores sales down 8 percent.