The Latest Information Express In The International Textile Industry (8.10)

< p > < strong > the India government has raised its fiscal year 14 /strong < a target= "_blank" href= "//www.sjfzxm.com/" > strong > textile > /strong > /a > < > > export target to US $43 billion.

< p > India textile minister Smt. Panabaaka Lakshmi said in a written reply to the upper chamber of the Federal Assembly of the India parliament that the export target of textiles in the fiscal year 2013-14 (including a target= _blank href= "//www.sjfzxm.com/" > clothing > /a > was raised to $43 billion from an earlier US $36 billion.

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< p > the minister said that the government raised its export target after discussions with the Textile Export Promotion Committee after the rupee devaluation and the "a href=" //www.sjfzxm.com/news/ "textile industry < /a > strong performance.

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< p > in the 2012-13 fiscal year, India's total textile exports amounted to US $31 billion 710 million, of which clothing exports amounted to US $12 billion 923 million.

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In the last fiscal year, due to the decline of major market economies, including the United States and the European Union, exports of textiles and clothing in India were seriously affected, and exports to the United States and the European Union accounted for 65% of the total textile exports in the whole country. P

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The export of Iran textiles reached 221 million US dollars < /strong > < /p > in the first four months of the first four months of < < < < /p >

< p > in the first four months of Iran in March 21, 2013, Iran's a href= "//www.sjfzxm.com/news/index_c.asp" > textile exports < /a > US $221 million.

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< p > during this period, the top export products were fiber, fabric, clothing, mechanism floor materials and yarns.

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< p > import, during this period, the import of textiles in Iran dropped by 6.65% to 379 million 700 thousand US dollars.

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< p > the textile industry produces about 77% of the total imports of yarn and fiber as the final product.

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< p > according to the report, during this period, the import of cotton fiber was about 15581 tons, with an amount of US $38 million and clothing imports of about 106.7 tons, with an amount of US $937000.

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< p > in addition, < a href= "//www.sjfzxm.com/" > textile industry < /a > during this period, we import about 37 million 200 thousand US dollars less than a href= "//www.sjfzxm.com/" > textile machinery < /a >.

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< p > < strong > U.S. officials said it will stop providing financial support to Brazil's cotton industry < /strong > < /p >

< p > US Agriculture Secretary Tom Vilsack said 7 days ago that the United States will stop providing Brazil's cotton industry with funding support of up to US $147 million a year, and this fund has been part of the dispute settlement plan of cotton subsidies between Brazil and the United States for many years.

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< p > it is reported that on the same day, he said in a media interview in Brazil that since the US Congress did not approve the new agricultural bill and the government budget, the US Department of agriculture has no power to continue to provide financial support to Brazil's cotton industry in the next fiscal year beginning in October 1st this year.

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< p > the last agricultural bill of the United States will expire in September 30th this year.

At present, the US Senate and house of representatives have made important adjustments to the agricultural subsidy policy in the next five years through their respective versions of the new agriculture bill from fiscal year 2014 to fiscal 2018, including the abolition of direct payment subsidy projects and the expansion of crop insurance coverage, in order to better comply with the relevant provisions of the WTO.

However, because of the increasing divergence between the two houses in reducing expenditure on food stamps for low-income families, the legislation of the new farm bill is deadlocked.

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< p > Brazil first introduced the US "a href=" //www.sjfzxm.com/ "Cotton Subsidy < /a" to the WTO in September 2002. It believes that the United States provides about 3 billion US dollars of illegal subsidies to its domestic cotton farmers every year, so that the United States maintains the status of the second largest cotton producing country in the world.

In August 2009, the WTO made a final ruling that the United States provided huge subsidies to its domestic cotton farmers in violation of WTO rules and authorized Brazil to take sanctions against the United States.

To avoid trade sanctions, the US government agreed to set up a fund in 2010 to provide us $147 million annually to support the cotton industry in Brazil until the Congress can solve the problem of cotton subsidies in the United States.

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