Global news roundup

Author: just-style.com | 9 March 2010

The following is a round-up of apparel and footwear news from the world’s local media. just-style has not checked these stories so cannot guarantee their accuracy.

Spinners in Pakistan have warned that the country’s textile exports are on the verge of collapse unless the government cancels its controversial decision to restrict cotton yarn exports. Importers are reluctant to import cotton at high global prices and sell yarns at a loss to domestic textile producers, according to the chairman of the All Pakistan Textile Mills Association. DAWN
Thailand’s fashion and textile industries should grow by 9-13% this year, the Commerce Ministry claims, thanks to the Japan-Thailand Economic Partnership (JTEPA), the Asean Economic Community (AEC) and the 2010 World Cup in South Africa. Exports rose 2% in 2009 to $17bn. BANGKOK POST
Plans to lift the electricity tariff byPKR1.2 per unit will raise the price of Pakistani textiles as well as leading to factory closures and job losses, the chairman of the Pakistan Textile Exporters Association says. THE NATION
Mexico's textile and apparel is readying for recovery in 2010, despite exports to the US falling by 16% in 2009 to $4.14bn the year before. The National Textile Industry Chamber (CANAINTEX) now says firms are ready to grow again, helped by more flexible labour rules and an upcoming promotional programme in Mexico and the US. DOW JONES NEWSWIRES
South Korea's trade ministry says the European Union (EU) will remove its anti-dumping duties against South Korean polyester fibre products next week. The duties of up to 10% have been in place since 1993. XINHUA NEWS AGENCY

Sectors: Apparel, Fibres & fabrics, Manufacturing, Sourcing