Search Results for: Spanish

BY MARK ROWE

THE ADDED value created by Spain’s textile and clothing sector will fall by 8.8% in 2009, according to forecaster Business Monitor International (BMI). Currently, ranks Spain’s entire textile industry as 13^th in the world in terms of textile and clothing manufacturing value added, which BMI priced at US$12.45 billion in 2008.

The recession also appears to be casting a medium-term shadow over the sector, with textile and clothing value (T&C) added also falling by 3.3% in 2010, reflecting difficult international economic conditions, said BMI: “We see a recovery beginning to set in only from 2012, with growth of 0.2%,” said a spokesman. “The industry’s trade performance will also reflect the especially difficult international economic situation. This year [Spanish] T&C exports will fall 7.8% to US$9.74 billion, with imports down 3.2% to US$17.76 billion. As a result there will be a T&C trade deficit of US$8.01 billion. The reason is a fast shrinking domestic market: Euromonitor estimates that the resulting contraction in the Spanish textile and clothing industry will cause make it shed up to 30% of its workforce over the next five or six years.

ENDS

BY KEITH NUTHALL

EUROPEAN Union (EU) ministers have approved lifting special cod conservation administrative controls from 88 Spanish boats fishing for hake with bottom trawls off the west of Scotland. The move is permitted under the EU’s (EC) No 1342/2008 regulation for long-term cod controls, which generally insists on fishing boats taking special care to note and control cod bycatches in conservation areas.…

BY PHILIPPA JONES, in Paris; LEE ADENDORFF, in Lucca, Italy; KARRYN MILLER, in Tokyo; and LUCY JONES, in Dallas

IT almost seems commonsense to say that an industry providing such a human product as clothing has to take account of cultural sensibilities in target markets.…

By David Haworth

After a decade as the European Union’s (EU) foreign policy supremo, Javier Solana is to step down this autumn – sadly for him – he could not wait long enough for the creation of the world’s first multinational ‘foreign minister’ post.…

BY KEITH NUTHALL

AMERICAN cosmetics giant Procter & Gamble has failed to persuade the European Court of Justice (ECJ) to block the registration of a trademark proposed by a Spanish competitor. Laboratorios Alcala Farma wants European Union trademark rights to a disc-and-two-strikes sign, for cosmetics, perfumes and pharmaceuticals, which could be read ‘Oli’.…

BY MARK ROWE, KEITH NUTHALL and LEAH GERMAIN

PACO Rabanne, Balenciaga and Domínguez are major Spanish figures in the global fashion world, as known for quality off-the-peg styling, but they have their roots in the country’s haute couture tradition.

For labels are not overwhelmingly dominant in Spain’s luxury clothing sector – this is a country where the talents of the sastre (tailor) and modista (dressmaker) are still highly valued.…

BY KEITH NUTHALL

THE SPANISH government will have to repay Euro 113.4 million in European Union (EU) flax production subsidies which the European Commission has claimed were distributed without proper financial controls. Indeed, EU anti-fraud unit OLAF has concluded that a "very significant amount of EU subsidies for flax production [in Spain] had been wrongly disbursed".…

BY MARK ROWE

THE ADDED value created by Spain’s textile and clothing sector will fall by 8.8% in 2009, according to forecaster Business Monitor International (BMI). Currently, ranks Spain’s entire textile industry as 13th in the world in terms of textile and clothing manufacturing value added, which BMI priced at US$12.45 billion in 2008.…

BY KEITH NUTHALL

THE SPANISH government has lost an attempt at the European Court of Justice to recoup Euro 58,315 the European Commission had effectively docked from European Union (EU) grants for improving the production of honey in Spain. Brussels had classified this money as VAT on the overall grant, and so could not be financed by the EU.…

BY KEITH NUTHALL

LAID off auto workers in Spain are to receive assistance from the European Union (EU) after administrative problems holding up the handout appear to have been resolved.

The European Commission announced today (June 22) it had paid Euro 2.7 million from the European Globalisation adjustment Fund (EGF) to Spain.…