|
In Brief
EU, China agree on textile caps
The EU and China have agreed to limits on Chinese textile
exports. The deal allows for gradually rising caps on allowed increases in Chinese
textile exports to Europe over the next three years, with all limits to be done
away with in 2008. China has yet to work out an agreement with the US, which
has already announced a 7.5 per cent cap on the increase in Chinese textile
exports this year.
Multiplicity of trade unions affecting jute industry: IJMA
IJMA has sought cooperation of the West Bengal government
for granting recognition to one trade union as sole bargaining agent as per
trade unions (WB Amendment) Act. According to IJMA, this would do away with
the problems created by the plethora of trade unions existing in the jute sector
of the state, such as inter and intra-union rivalries, frequent strikes and
go-slow, etc. There were about 20 trade unions affiliated to various central
organisations and political parties, with at least 10 to 12 unions existing
in each mill, the IJMA said in a report.
India, MERCOSUR FTA to be operational soon
Free Trade Agreement (FTA) between India and MERCOSUR, involving
four Latin American countries of Argentina, Brazil, Paraguay and Uruguay, is
likely to become effective by the end of this month, Mr Sunil Kumar, associate
director, Ernst & Young, said. He said about 320 items were expected be
brought under the FTA list between India and MERCOSUR.
Enthusing response to Indian apparel manufacturers at New
York
As part of the export promotion initiatives, Apparel Export Promotion Council
(AEPC) successfully organised its second edition of Sourcing Expo of Indian
Apparel at the fashion den of New York. The Sourcing Expo was attended by 350
strong senior representatives from 250 buying organisations.
The major ones who turned up for the show were Tommy Hilfiger, Ralph Lauren,
Cole Haan, Ecko, Wet Seal, Arden B, Macy's, Gap, NY3 International, Dan River,
Erika and many more. The buyers represented stores, catalogue, importers and
big whole sellers.
|
