American Fiber & Yarn Company has filed for bankruptcy protection
According to the news: The American Fiber & Yarn Company has submitted an application for bankruptcy protection, and the culprit is the economic downturn. The Chapel Hill-based company, which supplies dyed …
U.S. textile industry groups urge Bush to implement new protective measures on Chinese imports
U.S. textile industry organizations and 37 members of Congress wrote to the Bush administration, asking the government to ensure that after the quota ends, there will be no surge in Chinese textiles entering th…
India’s Textile Ministry asks to increase customs duty rebate by %
The Indian textile industry has submitted a proposal to the Cabinet, requesting an increase in the Ministry of Textiles’ tariff rebate by 2%. Although this incentive will violate World Trade Organizat…
Indonesian textile companies ask the government to curb illegal imports
The Indonesian Textile Industry Association is urging the government to issue policies to protect the domestic textile industry from illegal imports. In 2007, Indonesia’s domestic textile demand increased by …
The textile industry in the Middle East and North Africa is expected to grow rapidly
According to the latest report, the textile industry in the Middle East and North Africa is expected to grow at an annual rate of 8%, reaching $65 billion by 2010. Textile trade in the Middle East and North A…
Bangladesh launches new textile policy
In order to cope with competition from other countries, the Bangladesh government has proposed a new textile policy. The new textile policy proposes some measures to maintain the competitiveness of Bangladesh…
Chinese clothing accounts for a considerable proportion in Vietnam
According to Vietnam’s Saigon Liberation Newspaper, Chinese clothing accounts for 20-80% of clothing counters in retail supermarkets such as Co.opmart, Maximart, and Citimart in Vietnam. In other specialty stor…
The European Commission allocates the “European Globalization Adjustment Relief Fund” to assist the Italian textile industry
The European Commission has recently approved four textile industry relief applications submitted by Italy. The European Commission hopes to allocate 35 million euros ($50.27 million) from the European Globaliz…
Peruvian textile industry has been seriously affected by the international financial crisis
Eduardo Farage, chairman of the National Association of Peruvian Industries, said that due to the impact of the international financial crisis, world demand for textiles will begin to decline, which may impact …
EU launches anti-dumping review investigation into Chinese leather shoes and boots
On October 3, 2008, at the request of the European Confederation of the Footwear Industry (CEC), the European Commission initiated an anti-dumping sunset review investigation into leather shoes and boots origin…