French luxury brand owners target Chinese consumers

French luxury brand owners are launching an online campaign to try to drive sales in the Chinese market.

The Comite Colbert, whose members include Chanel, Christian Dior, Lacoste and Louis Vuitton, will unveil cColbert in October-end in a bid to introduce Chinese consumers to "the world of French luxury."

The campaign is aimed at China's younger, internet-savvy shoppers, and reflects the Colbert strategy of opening up to emerging markets, particularly in today's slow business environment.

China is the cornerstone of this strategy, it says, with companies belonging to the Comité Colbert seeing the average share of the Chinese market in their global sales climb from 4.5 to 8 per cent since 2005.

"The French luxury sector is leading the way both by opening up the market and pioneering new practices on the internet," said Ms Elisabeth Ponsolle des Portes, president and CEO of the Comite Colbert.

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Extra support for small exporters

Trade Minister Simon Crean today announced that the Federal Government will make it easier for Australian exporters and overseas investors to obtain financial assistance.

The Federal Government will simplify and expand the powers of the Export Finance and Insurance Corporation (EFIC) to enable it to more effectively provide financial support.

Under the changes, a new broader eligibility test for small-to-medium-sized enterprises will be introduced.

Mr Crean said the changes reflected the increasingly sophisticated role Australian businesses play in the global economy and would help them respond to the global recession.

“Australian exporters face many challenges and find it difficult to access finance for expanding their operations internationally,” he said.

“Expanding EFIC’s powers to better support Australian exporters will give a boost to this growing and dynamic sector of Australia’s economy.”

“The Government is working to help Australian businesses looking to export,” Mr Crean said.
Under the changes, the simplification of EFIC’s powers will reduce the cost burden on exporters of accessing EFIC’s services by streamlining the eligibility criteria.

A new net economic benefit test for exporters will allow EFIC to provide assistance in broader circumstances to exporters which have an annual turnover of their corporate group of up to $100 million.

The broader test has been designed to provide effective assistance to exporters seeking to establish global supply and distribution chains and harness the opportunities from the globalising economy.

A business survey by Dun and Bradstreet released this month showed growing confidence among Australian companies with 46 percent of respondents expecting increased sales in the December quarter. However, 45 per cent of those surveyed also expected a negative impact on their business from difficult credit market conditions.

The expansion of EFIC’s mandate will require changes to the EFIC Act.

As the Australian Government’s export credit agency, EFIC helps Australian exporters and overseas investors to overcome financial barriers by providing finance, finance guarantees, insurance and bonding facilities.

News From: AUSTRALIAN MINISTER FOR TRADE

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China Hi-Tech Fair 2009 – 'Hong Kong Pavilion'

The China Hi-Tech Fair (CHTF) is a state-level, international hi-tech event held annually in Shenzhen. It is approved by the State Council of the People's Republic of China and jointly hosted by nine government departments and Shenzhen Municipal People's Government. Since its inception in 1999, the CHTF has provided a platform for technology companies all over the world to showcase their technological achievements, exchange information, identify collaboration partners and explore business opportunities. The CHTF 2009 will be held on 16-21 November 2009.

The Innovation and Technology Commission and Hong Kong Trade Development Council will jointly organise the 'Hong Kong Pavilion' at the CHTF 2009 to showcase the latest innovative and technological capabilities and achievements of Hong Kong to the world. Enterprises registered in Hong Kong are eligible to apply for exhibition space in the 'Hong Kong Pavilion'.

For Complete informatios please visit: www.itc.gov.hk

Want to develop business opportunities, come and post your business offers & enquries absolutely free at: www.b2u.us

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Upcoming Fair - JITAC European Textile Fair 2009

Industry: Textiles & Fabrics
Date: October 27, 2009 - October 29, 2009

Venue:
THE JAPAN IMPORTED TEXTILES AGENCY COUNCIL
5-1 Marunouchi, 3-chome
Chiyoda-ku, Tokyo 100-0005, Japan
Web: www.jitac.jp

19th JITAC European Textile Fair 2009 will be held on 27th – 29th Oct, 2009 at Tokyo International Forum. European Textile Fair 3 years has passed since JITAC(Japan Imported Textiles Agency Council) had been authorized as a cooperative organization.

Now the time has come to renew the organization more attractive and vital. We make this theme possible by integrating full experienced staff with young energetic members. With increasing nember of visitors, we are glad to say that the JITAC European Textile Fair, taken place twice a year, has become a significant role to see where the world fashion trend is heading thanks to Premiere Vision and all suppliers' great supports.

Want to post your business offers for textiles & Fabrics the Click Here

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International Conference on “GLOBAL TEXTILE OPPORTUNITIES

The Textile Association (India) Mumbai Unit (TAI) organized the International Conference on 16th & 17th January 2009 at Hotel Intercontinental the Lalit, Mumbai. The theme of the Conference was “Global Textile Opportunities – Vision India”.

Check full details at: www.textileassociationindia.com/press%20reports.html

Check Exporters & Importers of Textiles at: www.textileimporters.co.cc

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BGMEA Demands Stimulus Package

BGMEA leaders today reiterated their demand for a stimulus package for the ready-made garment (RMG) sector to offset the adverse impact of the global financial crisis.

BGMEA President Abdus Salam Murshedy said the garment sector was ignored unfortunately in the proposed budget for the fiscal year 2009-10.

The RMG manufacturers had been lobbying with the ministers and other government high-ups for the last few months for the stimulus package as they are facing the crisis of global recession.

The finance minister in his budget speech on June 11 did not propose any stimulus package for the country's main export earning RMG sector although he proposed a stimulus package worth Tk 5,000 crore. But the minister did not mention which sector would be benefited from such reserved fund.

"We did not get anything from the interim stimulus package and in the proposed budget the RMG sector was bypassed which is very unfortunate for the sector," Murshedy said at a post-budget press conference at the BGMEA office.

He demanded 5 percent subsidy on bank interest rate and subsidy on diesel purchase at Tk 10 per litre for their survival during the recession.

The president of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) said the government should give export performance bonus or cash incentive at a rate of 10 percent against export.

He said the VAT on all usages of utilities by the garment factory owners should be withdrawn.

Murshedy criticised the provision to allow whitening of undisclosed money in the proposed budget, as the honest taxpayers would feel discourage to pay taxes.

The BGMEA chief also urged the government for reinstating the tax-holiday facility up to 2015 and fixing 1 percent import duty on export-oriented capital machinery.

The government should give long-term loan for setting up effluent treatment plants (ETPs) in the factories to save country from environmental pollution, he said.

He also urged the government for extending the loan rescheduling facility without down payment up to 2010 from the existing June 30, 2009.

"We demand that the taskforce committee on global recession will meet soon to give allocation for the RMG sector from the proposed stimulus package of Tk 5,000," he said.

News From: BGMEA

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Textile exports decline in July-August

Textile exports have declined by 8.36 percent during the first two months of the current fiscal as compared to the same period of last year. Provisional trade figures, released by the Federal Bureau of Statistics (FBS) on Thursday, showed that the textile exports during July-August 2009-10 had declined to 1.617 billion dollars as compared to 1.765 billion dollars during the same period of last year.

Detailed analysis of the data showed negative growth in six of the total 13 exporting sub-sectors of textile group. Cotton cloth showed a negative growth of 27.30 percent during the period under review; cotton corded or combed: 80.87 percent; knitwear: 12.44 percent: bed wear: 11.30 percent; towels: 10.68 percent; and tents, canvas and tarpaulin: 37.40 percent.

Export of cotton cloth declined during the first two months of current fiscal to 225.081 million dollars from 350.884 million dollars for the same period of last year, exports of knitwear declined to 320 million dollars from 365 million dollars and bed wear to 259 million dollars from 292 million dollars.

The exports of towels dipped to 103 million dollars during July-August to 115 million dollars whereas tents, canvas and tarpaulin to 6.68 million dollars from 10.673 million dollars for the same period of last year. According to FBS figures, the export of cotton raw cotton showed 33.50 percent growth to 19.653 million dollars during the first two month of the current fiscal from 14.721 million dollars for the same period of last year.

For full news visit: www.prgmea.org

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The first Chinese shoe wholesale market to open in Moscow

The shoe wholesale market is located in Signahl Street in Moscow with a business area of 3600 square meters that can provide over 200 stores for Chinese traders, it has been planed to open business at end of this year.

It is said the project is invested by an overseas Chinese businessman, all the shoes and related products sold in this market will come from China but must be through the official customs clearance, it is estimated the wholesale business will reach to 30 billion rubles in the first year.

President of Russia-China Center for Economic and Trade Cooperation said this will be the first shoe wholesale market for Chinese businessman since closure of Cherkizovskya market.

News From: www.chinaleather.org

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Fuzhou in Fujian province increases its shoe export to Africa

Fujian Inspection and Quarantine Bureau said shoe export from Fuzhou shoemaking sector to African countries increased 3.72% and 10.91% both in volume and value in the first eight months, value increases to 60.636 million U.S. dollars.

The organization attributes the growth to quality improvement and enhancing management on shoe production.

News From: www.chinaleather.org

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Argentina-Hide market collapse hits beef prices

BEEF INDUSTRY CRISIS FALL IN HIDE PRICES.

The downturn in orders for finished leather in Argentina, has sent the prices of hides tumbling at the meat plants of country. The price per hide has gone from US$35-40 to US$10-12 per hide.

This money was traditionally relied on by the beef plants, to cover the costs of production and transport, leaving change of US$10-12 per head. The reality today is that the beef plants, have to pay an addition US$15 to produce their beef.

The embattled United States is not buying leather for upholstery in the car industry.

Argentina is a leading global supplier of finished leather, as no hides are allowed to leave the country raw, they must be processed into leather within the country.

There have been 1,200 tannery workers laid off in the last two weeks, more lay offs are expected.

While China still remains the main market for leather, the United States have always preferred Argentine leather for their automobile industry, making them the second largest market

The leather industry is worth well in excess of US$1.2 billion a year, to Argentine exports.

News from: www.chineseleather.org

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