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U.S. associations back Turkey’s proposal
U.S. and Turkish textile associations have backed a call for a separate sectoral negotiation for textile and clothing products within the WTO's Non-Agricultural Market Access (NAMA) talks.
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WestPoint towel JV in Pakistan
WestPoint Home (WPH), USA, is setting-up a joint venture with Indus Dyeing & Manufacturing Co., Ltd., Pakistan, for the production of towels.
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China proposes to form Asian apparel federation
China has floated a proposal to form a regional apparel federation comprising apparel exporting nations of Asia.
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Armani plans major expansion in China
Italian fashion giant Armani plans a major expansion in China with the opening of as many as 50 new retail outlets and investments in other projects, the Italian News Agency Ansa reported.
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State Minister Tüzmen: Turkey can reach $ 50 billion in exports
State Minister Kursad Tuzmen said that if Turkey reaches a growth rate of 13-14 percent, it could have an export amount of 50 billion dollars within 2-3 years.
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Iran and Egypt agree on new textile investments in Egypt
The Ministers of Industry in Iran Mr.Danesh Jaafari and Egypt's Minister of Industry and Foreign trade Eng. Rashid Mohamed Rashid have agreed during their recent talks in Cairo, to increase bilateral...
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WTO chief Lamy calls Turkey textile plan "strange"
World Trade Organisation chief Pascal Lamy on Tuesday described as "strange" a call by Turkey to shelter textile and clothing from the full extent of tariff cuts agreed in any global trade deal.
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China to help textile firms set up overseas zones
Chinese textile firms will get help from the government to set up trade cooperation zones overseas, especially in developing countries, according to Commerce Minister Bo Xilai.
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Cotton players wary over price surge, special duty
The textile industry in the south, which had urged the Centre to remove the 10% customs duty on extra long staple (ELS) cotton following the sudden spurt in prices, is now faced with the prospect of p...
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Turkey says US supports its WTO textile proposals
Turkey's trade minister on Monday said the United States supports a Turkish proposal in world trade talks to shield certain textiles and clothing from deep tariff cuts, but U.S. officials said no deci...
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Li & Fung profits up 20%
Apparel and consumer product sourcing giant Li & Fung reported full year 2005 net profit of HK$1.79 billion which was 20% ahead of earnings last year.
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China's textile exports benefit US, EU - commerce minister
China's textile exports growth benefits developed countries, including the US and EU, because they save money on China's low-cost products, the minister of Commerce Bo Xilai said. In a textile forum h...
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China, India post major gains in world textile market
Dubai’s leading role as the textile trading hub for the Middle East, South Asia and Africa region has been cemented as studies indicate that two of Asia’s economic giants, China and India are posting...
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Egypt, Israel trade relations improve
Union of industrialists reports a 134 percent increase in Israeli exports to Egypt since QIZ was signed. Israeli textile manufacturer Kitan has won a contract to dye textile products for an Egyptian c...
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Jeantex Group To Buy Sanatex
Jeantex Group Inc. — a Huntington Beach, Calif.-based apparel producer with a focus on denim goods and accessories — will acquire all of Carson, Calif.-based Sanatex Inc.’s stock for an undisclosed am...
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ISRAEL: “Difficult” year for Delta Galil
Clothing producer Delta Galil Industries is continuing with its reorganisation plan after announcing net losses of US$36.3m in 2005.
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Sectoral textile talks emerge in Doha
The Bush administration is considering the possibility of separating textile discussions in on-going multilateral trade negotiations amid warnings by U.S. textile groups that China will soon monopoliz...
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Chinese Textile Producers Short of Cotton
With China's cotton market shortfall expected to reach 4 million tons this year, thousands of textile producers are under pressure from rising costs and insufficient supplies of raw cotton materials.
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Israel 2005: textile and fashion industry demonstrated real growth in sales
Study published last week on Israel's textile industry shows that in the decade since 1995, the number of textile workers has gone down by 60%, amounting to 29,700 lost jobs to 18,700 employed today.
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China's textile exports to decline
China, the global textile giant, today forecast that its export growth will plunge to 15 per cent compared to last year's 20.7 per cent due to restrictions imposed by key markets, the United States an...