Search Results for: China

The National Cotton Council of America (NCC) has warned that “China’s announcement of significantly higher proposed tariffs on US raw cotton shipped to that country would significantly harm the economic health of the US cotton industry.”

Commenting on how the Chinese government has said it may impose these duties if the USA goes ahead with its plans to impose 25% duties on mostly technological imports from China (including textile machinery), the NCC noted that for the current 2017 crop year, China is America’s second largest cotton export market, with purchases of approximately 2.5 million bales of US cotton.…

Industrial analysts in China believe that the country’s growing textile machinery industry will be able to cope with punitive duties that have been propose by the USA over its complaints about alleged intellectual property thefts.

The US Trade Representative (USTR) has listed 1,300 tariff lines of China-made exports that could be hit with 25% duties, including numerous textile machinery-related items, such as knitting, weaving and spinning machines and finishing equipment, plus parts.…

EXPERTS have expressed mixed reactions on how a proposed Regional Comprehensive Economic Partnership (RCEP), now years in the making, could help revive the garment and textile sector in South East Asia.

The 16-member bloc that includes the 10 ASEAN member countries (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam) and six other countries – Australia New Zealand, China, India, Japan and South Korea – have been negotiating the deal since November 2012.…

THE ORGANISERS of Italy’s premier beauty trade fair, Cosmoprof Worldwide Bologna, are claiming a record number of visitors and international buyers attending this year’s 51st edition of the event from March 15-19. Exceeding the 250,000 visitors from last year’s Cosmoprof, attending foreign buyers, distributors and retail representatives grew 11% in 2018, year-on-year.…

THE SOUTH Korean cosmetics market, currently evaluated by Frost & Sullivan at USD12.4 billion and growing at 7% year-on-year, is leaving behind the negative effects of a de facto boycott by Chinese tourists. The travel freeze, sparked by Seoul’s decision to install a US-made anti-missile system to protect itself from North Korea, has been in place since early 2017.…

TRADE in clothing and textiles between Brazil and Argentina has been growing, as manufacturers in these neighbouring South America countries rein in their comparatively high costs, according to international trade data. Brazilian textile and apparel exports to Argentina rose 4.9% to USD251 million in 2017 from USD239 million in 2016, while Brazil’s imports from its southern neighbour shot up 22.6% to USD86.9 million from USD70.9 million over the same period. …

VIETNAMESE textile manufacturers should invest in new machinery so they can take advantage of the incoming free trade agreement between Vietnam and the European Union (EU) say German trade and industry representatives.

Germany’s Mechanical Engineering Industry Association (Verband Deutscher Maschinen-und Anlagenbau (VDMA) expects the forthcoming EU-Vietnam free trade agreement (EVFTA) to lift Vietnamese garment exports to the EU with the help of more imported machinery to boost textile production.…

For the first time since Zimbabwe gained independence from Britain in 1980, the African country’s tobacco selling season opened on March 21 this year with long time ruler Robert Mugabe no longer in power.

Former President Mugabe resigned last November (2017), faced with impeachment proceedings from Zimbabwe’s lawmakers, with the country’s generals and his own ZANU-PF party having turned against him.…

India’s petrochemicals industry is preparing to exploit its growth potential and can benefit from lessons learned in Europe. Indeed, India’s intertwined petrochemicals and refining sectors received a significant endorsement of their future potential in April 2018 in the shape of major foreign investment in what will be one of the world’s biggest integrated sites for these twin purposes.…

NORTH Africa is never an easy market in which to do business, and the Arab Spring and its turbulent aftermath has not helped ease trade, but as the paint industry looks to 2018, there is optimism that profits can be made.…