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Chairman’s Message |
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| The New Year has started on an optimistic note with various segments of our industry managing to consolidate the gains that became apparent in the closing months of 2009. However, increasing raw material prices remain a constraint across the textile value chain. Speculative measures by traders, especially by multinational traders who have access to cheap funds from international sources and a significant presence in futures trading in New York, have been distorting our cotton economy, despite a comfortable crop this year. |
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Secretary General's Message |
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| A serious attempt is currently being made, under the auspices of the USA and EU, to establish a separate international agreement on labelling requirements for textiles, clothing, footwear and travel goods, within the ambit of WTO. By now, they have achieved remarkable success and the exporting countries have been driven to negotiating the text, rather than debating the need for such an agreement. For those who have been watching the way international textile trade had been regulated in the past, this proposal is not an innocuous one. And it is important to ensure that sweet-talking on the intentions of the agreement does not cloud our vision, as had happened during the negotiations for textile specific arrangements on international trade in the past. |
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