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Currency Bill
Page 1
Textile Workers in Egypt Strike
Page 1
Liberia & US Duty Free Deal
Page 1
Undercover
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Intimate Graphics
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Business and Technology
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The Addict Expose
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Forum Novelties Presentation Continued
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Amoena Mia
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February 15, 2011
Issue #283 The
McPete Sez Lingerie Newsletter & Women's
Wear Journal
14/24
Intimate Apparel
Sleepwear-Daywear-Foundations-Loungewear-Hosiery-
Lingerie-Swimwear-Dancewear-Clubwear
Ready-to-Wear
Currency Bill
A group of US lawmakers on February 10, launched a new push for a bill that would give companies the
ability to defend themselves against currency manipulation - with China the most likely target.
The Currency Reform for Fair Trade Act was approved in September last year by the House of
Representatives, but it failed in the Senate.
The companion bills would enable US companies to defend themselves using countervailing duties or
tariffs against countries that manipulate their currency. It is aimed at countries like China, which
allegedly aligns its currency to the US dollar at a below market rate so that its goods are less
expensive on international markets.
“We are confident that the new Congress will finish what the previous Congress started,” said Charles
Blum, executive director of the Fair Currency Coalition (FCC).
“Action speaks louder than words. China clearly has no intention of reversing its illegal currency
under valuation anytime soon. That’s why Congress must enact currency legislation now. Every day of
delay means more American jobs lost and more new job creation denied.”
Since the end of last September the FCC claims China’s foreign currency reserves have grown by an
estimated $200bn and now total a staggering $2.9 trillion. Moreover, in nominal terms, the RMB has
barely increased in value compared to the dollar, rising by just 4% since June 21, 2010.
However, representatives for US apparel and footwear importers believes the legislation "primes the
United States and China for a widening trade war" and that erecting additional trade barriers stifles
US competitiveness in the global market.
10/24
Outstanding Concerns
on Korea Free
Trade Agreement
The Obama administration on February 9, said it hopes to get a trade pact with Korea approved by the
spring – but admitted there are still “outstanding concerns” over long-stalled free-trade deals with
Colombia and Panama.
Speaking before the House Ways and Means Committee, United States Trade Representative Ron Kirk said the
US-Korea Free Trade Agreement (KORUS FTA) is a key trade initiative to boost American jobs and exports.
“To bring home its promise,” he said, “the President intends to submit the US-Korea trade agreement to
Congress in the next few weeks and looks forward to working to secure its approval this spring.”
But he warned: “There remain serious issues to be resolved before the Colombia and Panama agreements
can be submitted for Congressional consideration.
“Some of these issues go to core US values and interests, such as the protection of
labor rights.
Any timetable will be contingent on the successful resolution of these issues.
“Colombia and Panama have begun to take important steps, but more remains to be done.”
While apparel and footwear importers have welcomed the landmark trade deal with Korea, textile industry
groups claim it contains "extremely flawed" aspects.
Fashion Photo
Olga modelsTia
Lyn Lingerie
If
you would like more information about Fashion Photo or
would to be included in the McPete Sez Fashion
Photo
contact
Jerome at jerome@studiotime.us
Textile Workers in Egypt Strike
Following the removal of President Hosni Mubarak at the weekend, Egyptian
demonstrators are now refocusing their anger on the country's state-owned enterprises
– including textile firms – to demand higher wages, better working conditions, and the
removal of managers associated with the former regime.
Workers at Misr Spinning and Weaving textile firm, Egypt's largest factory with 24,000
employees, have reportedly gone back to work after going a strike last Thursday. But
they say they will continue to demand a raise in the minimum wage.
Egypt's newly formed government says it will raise public sector salaries and pensions
by 15%. But the minimum wage has remained unchanged at EGP35 (US$6) per month since
1984, according to reports.
7/24 Watch
Tia Lyn's NY Fashion Show with beautiful models of ALL SIZES!
Liberia & US Duty Free Deal
A decision by the US government to provide duty-free preference for Liberian textiles and clothing has
been welcomed by the country’s government.
Liberian president Ellen Johnson Sirleaf said the decision under the African Growth and Opportunity
Act (AGOA) was a “milestone” for the government, as well as for Liberian clothing manufacturers and
exporters.
The president added that the change should enable the businesses to gain a competitive edge over rival
companies from other countries.
The first company to take advantage of the new rules was the Liberian Women Sewing Project, certified as
the first Fairtrade factory in the country.
The United States Trade Representative (USTR) made its decision after ruling that Liberia has adopted
an effective visa system and related procedures to prevent unlawful trans-shipment of textile and
apparel articles.
Because it now follows the customs procedures required by AGOA, imports into the US qualify for
the accord’s textile and apparel benefits.
5/24
Pakistan's Textile Incentives
Pakistan’s Ministry of Textile Industry has introduced a PKR1.61bn (US$18.91m) incentive scheme
to help develop the country's textile sector.
The ministry plans to spend PKR7.5bn this fiscal year on various textile support schemes envisaged
under the Textile Policy of 2009-14.
The government has been offering cash and interest rate subsidies, export finance facilities, and
investment incentives to boost its textile and clothing exports.
Textile and clothing shipments increased 26% to $6.28bn during the first half (Jul-Dec) of the
current fiscal year. Under the five-year National Textile Policy, Pakistan envisions textile and
clothing exports reaching US$25bn by the year 2014.
Federal Minister for the textile industry, Rana M Farooq Saeed Khan, said that implementation of
textile policy devised in 2009 is steering the
textile sector in the right direction, citing sustained growth in textile exports for the last two
years.
9/24 CLICK HERE to
watch Risque's Video on YouTube
Stay Fresh Wins EPA Approval
An antimicrobial technology containing hydrogen peroxide, which can be used in a wide range of
textile applications including apparel, has become the first such treatment to be approved by the US
Environmental Protection Agency (EPA).
The patent-pending Stay Fresh from Quick-Med Technologies uses what the company claims is “the
first commercially viable technology” for bonding the active ingredient – hydrogen peroxide – onto the
fabric. This means it provides durable antimicrobial effectiveness after repeated laundering.
“Stay Fresh textile treatment locks the power of hydrogen peroxide into fabrics,” explains J Ladd
Greeno, CEO of Quick-Med. “By incorporating this potent antimicrobial into fabrics, we bring highly
effective antimicrobial activity to a wide range of textile applications where the durability after
repeated laundering has been an unmet challenge.
“Textiles stay fresher for longer because the active agent is now held in place on the fabric.”
Consumers are familiar with hydrogen peroxide as a color-safe bleaching agent and stain fighter for
laundering applications, but it is also produced by human cells to fight invasive bacteria, and is
naturally occurring in honey as a preservative.
It is also known to be a powerful antimicrobial and is effective in guarding against the growth of
odors from microbial causes and in resisting deterioration or staining caused by fungi, moulds
and mildew.
Quick-Med says its Stay Fresh Technology can be used by textile manufacturers without the need to alter
their production facilities.
Pompea to Expand Production
Italian hosiery, lingerie and activewear manufacturer Pompea SpA is to expand its production
in Serbia as part of a EUR3m (US$4m) investment that is being backed by the Serbian government.
An estimated 300 jobs will be created, split between the towns of Brus and Zrenjanin, where a new dye
factory is being opened. Pompea already operates a factory in Brus, which it bought nine years ago for
EUR25m, while the Zrenjanin facility is a greenfield investment.
Earlier this month it was revealed that Italian fashion firm Benetton is to take over the Nitex
facility in the southern Serbian city of Nis.
Benetton plans to hire 2,700 workers over the next four years, with the government
subsidizing each new
job to the tune of EUR9,000.
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