WTO: Global Trade Volume to Grow 13% in 2010

WTO recently released the latest global trade environment report and analyzed the varous data from Dec. 2009 to Oct. 2010, including trade situation, employment market, GDP, regional trade protocols and trade barriers. World Trade Organization forecasted that global trade volume (including goods trade and service trade) would grow 13% in 2010. The statistics show that the global export growth has exceeded the output growth. From 2000 to 2007, the world export trade rose at the pace of 6%, but dropped to 2% in 2008, even negative growth in 2009. The falling pace was 12%. Not untill July 2010, did the world trade recover the precrisis level of June 2008.     

MOFCOM intends to increase the quota of textile processing trade

Recently,in order to change the weaker exports of textile and garment,the Ministry of commerce is planning to increase the quota of textile processing trade.It is understood,the enterprises which have quotas can import cotton at zero-tariff,but the general enterprise must have the processing trade orders can apply for the import quota of cotton.For many textile enterprises,overseas orders could be the key to make full use of the processing trade quotas.     

新闻

Ministry of Commerce Support Trade Fairto Promote ConsumptionThe Ministry of Commerce recentlyreleased the notion of support trade fair topromote the consumption.The MOC madecomments in establishing exhibition platformto promote key sections consumption,enforcing the trade fair function to boostconsumption effect,and to promote thetrade fair development,to play use of itsrole in connect production and demand,toexploit market and enlarge consumptionthen promote the economy development.The Notion also ask...     

How to Achieve‘Mutual Benefits’and‘Win-win’Through the Cooperation Between India and China?(Part One)

At around 10 a.m. on July 6 th , China and India reopened the channel of frontier trade at the Nathula Pass, which is located on the border of Yadong County in Tibet's Shigatse region and Indian state of Sikkim, and resumed frontier trade between the two countries that ceased 44 years ago. In recent years, Sino- India trade value has increased with an average growth rate of 30% each year. According to the latest statistics of China's Min- istry of Commerce, the value has increased from U…     

30-Year Reform and Opening up-Export Review(1978-2008)(Continued)

The year of 1994 was a milestone on a historical road of the textile trade development worldwide. The Final Act concluding the Uruguay Round and officially establishing the WTO regime was signed during ministerial meeting at Marrakesh, Morroco on the 15th of April, 1994, and hence is known as the Marrakesh Agreement. That marked a beginning of quota phase out. China has been on a resolute stance to trade restrictions and protectionism all through quota phase out and post-quota period and will continue to do so when safeguard deal terminates…     

China Weights 24% in World Textile Trade

The recent World Trade Report from the WTO stated that China now takes 24% of the world textile and garment trade. The report also said that although the withdrawal of quotas has created a fairer trade environment, there's been a slow down in some developed countries economic growth and those countries currencies have been unstable. Those factors have contributed to a small jump of 5% in the world textile and garment trade in 2005, and China's textile and garment exports increased by 21% ag…     

Exports of clothing to ASEAN rose sharply

Along with the construction of China-ASEAN Free Trade Area (CAFTA), textile trade developed rapidly between China and ASEAN. Both sides began to reduce tax on the normal goods from 2005. From 2005 to 2011, trade volume increased by two times, the average annual growth of 23.1%,of which China exports average annual growth of 23.4%,     

Communication Coin Coin

As the dog days waned gradually at the end of August, atmosphere of Shanghai international expo center was still warming up by the opening of two important textile exhibitions: 14th China international trade fair of home textile & accessories and China international knitting trade fair. The two simultaneous exhibitions, sharing the resources so as to fully present the glamour of products, attracted a raft of suppliers, purchasers home and abroad, which provoked more opportunities to generate understanding, cooperation as well as values…     

Italy: From Products to Lifestyle

The Italian Trade Commision—I.C.E is the government agency entrusted with promoting trade,business opportunities and industrial co- operation between Italian and foreign companies,mostly by organizing the participation of Italian firms to international trade fairs,exhibitions, workshops and bilateral meetings,covering every year more than 100 countries all over the world.Mr.Antonino Laspina is the Trade Commisionner and Coordinator of ICE Offices in China.     

Innovative Products：The Finest and Hottest on Display

As technical textiles have the features of high technology content, strong functionality, wide range of applications, and high added value, innovation has become the driving force to the transformation and upgrading of industry, as well as the key to sustainable development. CINTE is considered as Asia＇s leading trade fair for technical textiles and nonwovens and covers the full range of potential uses of modem textile technologies and trends.