Posts Tagged ‘world-wide textile news’

Nepali products get zero-tariff in Chinese market

Saturday, May 15th, 2010

Himalayan News Service
KATHMANDU: Nepal got zero-tariff for 4,721 products in Chinese market.

Purusottam Ojha, secretary of Ministry of Commerce and Supplies (MoCS) and Qui Guohong, Chinese Ambassador to Nepal today signed an agreement on Letter of Exchange (LoE) regarding zero-tariff on 4,721 Nepali products to Chinese market.

Before the agreement Nepali exportable products were charged 10 per cent to 35 per cent customs duty.

The agreement on LoE will help decrease trade deficit with China, OJha said adding that amongst 4,721 products, 361 products will get direct benefit. The most essential products like carpet, leather, coffee, Juice and silverware will get zero-tariff in the Chinese market, he added.

Earlier, China has announced top provide zero-tariff to Least Developed Countries (LDCs) gradually. Tariff reduction has been a key issue in global trade, the envoy said adding that China is committed to WTO. China is against the trade protectionism as it hurts the global trade, he added.

During the year 2009 bilateral trade registered $414 million. The trade balance is in favour of China. This agreement will help Nepal balance the trade deficit, Guohong said.

Requesting to take part in the trade expos that are going to be held in China he also urged the entrepreneurs to take advantage from the concession.

Welcoming the Chinese gesture, president of Confederation of Nepalese Industries (CNI) and CA member Binod Chaudhary asked China to open up more. We are hopeful that China will gradually provide zero-tariff to 90 per cent goods, he said. Nepal also looks forward to Mutual Investment Agreement with China, Chaudhary added.

Supporting the envoy on development of Export Promotion Zone (EPZ) at Panchkhal, he also requested China to help in it.

The major Nepali exportable products to China are mushroom, orange, cherry, coffee, carpet, garment, beer, incense-sticks, match sticks, apple, tomato, onion, potato, strawberry, honey, cauliflower, brocauli, biscuit, grapes, soap, shampoo, mineral water, textile cotton clothes, wool, brass, fruit juice, leather products, marble, paints, ceramics, jewellery, copper wire, and cable which has been granted free customs.

News Source is http://www.thehimalayantimes.com

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Textile mills shut across the country in protest

Wednesday, May 12th, 2010

FAISALABAD/KARACHI All the textile mills remained closed throughout the country on Tuesday in the wake of a strike call given by Value-Added Textile Forum against the yarn and cotton crisis and power load shedding.

Value-Added Textile Forum sources told TheNation that complete strike was observed in Faisalabad as well as in the country by the textile sector while some 10,000 textile mills were totally closed in Faisalabad including 400 stitching, 300 dying, 450 printing, 1,000 hosiery and 350 sizing units.

Rallies were organised in all the four districts of Faisalabad division including Jhang, Chiniot, Toba Tek Singh and Faisalabad districts. Protest were also reported from other major cities including Karachi, Gujranwala, Sialkot and Multan.

Most of the rallies were led by the factory owners. Thousands of textile workers took part in the rallies. The protesters carried banners and placards inscribed with slogans: ‘Save the Textile Industry, Save the Country and Clamp Complete ban on export of cotton and yarn’.

The activists also chanted slogans against Prime Minister Yousuf Raza Gilani and President Asif Zardari. The workers warned the government of dire consequences, asserting they would not allow anyone to play with the livelihood of the laborers.

Thousands of workers and owners of value-added textile sector took out protest processions from various places and blocked the city roads. The main protest procession was taken out from Khurrianwala Industrial Estate, which was led by Chairman Pakistan Textile Exporters Association Khurram Mukhtar and Vice Chairman Sohail Pasha and other leaders of Value-Added Textile Forum. The rally demanded total ban on export of yarn with a view to saving the industry from collapse and the workers jobs.

Read more here http://www.nation.com.pk

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