Quick Commerce Credit Cards
Articles Of Interest
WTO Rules With Brazil Against US
Pakistan's Garment Plants Flooded
EU & Belarus Textile Deal Revised
Buyers' Best Sellers
Business & Technology
World's Largest Bra Chain Heads Overseas
Itochu to Buy Stake in Dalian
Shows & Events
Major Credit Cards for Advertising
Foreign Exchange Rates
on your Web-site,
Click here and Link it to
September 15, 2009
The McPete Sez Lingerie Newsletter & Women's
WTO Rules With Brazil
Against US Over Cotton
The US faces millions of dollars worth of retaliatory trade sanctions against its
products after a World Trade Organization (WTO) arbitration panel upheld last
year's ruling that it paid illegal subsidies to its cotton farmers.
In a decision on August 31, the WTO panel agreed that Brazil could take retaliatory
action against the US totaling around US$295m after deciding the subsidies
breach global commerce agreements.
However, this was far less than the $2.7bn requested by Brazil, which
launched the initial complaint against the US.
"While we remain disappointed with the outcome of this dispute, we are pleased
that the arbitrators awarded Brazil far below the amount of countermeasures it
asked for," said Carol Guthrie, spokesperson for the United States Trade Representative
The arbitrators also denied Brazil's request for an additional one-time $350m
in countermeasures in connection with the so-called Step 2 payment program, which
gave US exporters and manufacturers an incentive for buying higher-priced cotton
from US cotton growers.
The WTO ruled that Brazil can suspend concessions ("impose countermeasures")
against US trade but may not impose cross-sectoral countermeasures.
However, the National Cotton Council of America said the ruling doesn't reflect
the current market since it was is based "almost exclusively on 2005," the peak of
US cotton production.
"The US cotton program and export credit guarantee programs have changed considerably since 2005, with US cotton
production down 45% and the export credit guarantee program operating at no net
cost," said NCC chairman Jon Hardwick.
"Today's programs cannot possibly be determined to be causing injury in the
The dispute goes back to 2002, when Brazil accused the US of paying out
$12.5bn in subsidies and export credit guarantees to its farmers.
It also alleged the US kept its position as the world's second-biggest cotton
producer because of the subsidies.
The US, however, maintains it has made the changes necessary and that it has
been complying with all WTO rules since 2004.
Models at the CurveNV Fashion Show
held on Monday August 31, 2009 at the
The Venetian Hotel, Las Vegas
Photo by Jerome
Pakistan's Garment Plants
Garment shipments from Pakistan to the US and EU were delayed as flood water
reached various garments plants.
A number of factories have remained closed in recent weeks during the
torrential rain showers in Karachi.
Advisor to the Prime Minister on Textile industry, Dr Mirza Ikhtiar Baig,
representing textile associations, has requested that the Governor State Bank of
Pakistan (SBP), Salim Raza provide relief to the textile industry.
It is struggling to meet SBP export performance targets in view of the global
recession, gas and power cuts, and now rain and floods in the country.
EU & Belarus Textile Deal
Textile and clothing importers in the European Union (EU) will look closely at
negotiations authorized this week by the European Union (EU) Council of Ministers
to revise the EU's textile and clothing trade agreement with Belarus.
This has long been renewed annually, but Belarus export quotas have changed little
in recent years, because of cool relations between Brussels and Minsk over
But a much-publicized falling out between Belarus and Russia and some
democratization reforms in Belarus have raised the chance this year's
renegotiation may substantially liberalize the deal.
Speaking in June in Belarus, EU external relations Commission Benita
Ferrero-Waldner said further improvements "could also mean closer trade relations…"
Tia Lyn's NY Fashion Show with beautiful models of ALL SIZES!
Femmy Gala 2010 Honors
The 2010 FEMMY AWARDS, presented by The Underfashion Club, Inc., the intimate apparel industry charitable organization dedicated to education, is scheduled for Tuesday, February 2, 2010 and will take place at Cipriani 42nd Street, New York City.
This prestigious event will honor:
Retailer - Macy’s
Manufacturer - Felina Lingerie
Global Supplier - Regina Miracle International Ltd.
Innovation Award - Bare Necessities®
Lifetime Achievement Award -Gwen Widell, Sr. Vice President of Merchandising, Wacoal America Inc.
The Femmy Awards honor those individuals and companies that have significantly contributed to the Intimate Apparel Industry and its growth. The Gala is recognized as one of the premier events in the Intimate Apparel Industry, and is the fundraising vehicle that enables the Underfashion Club to support its extensive Scholarship, Awards, Internship and Grants (SAIG) programs. These efforts bring to life the Underfashion Club’s credo of “Education today for a better industry tomorrow.”
The 2010 Femmy will proudly host the 7th Annual Student Design Contest featuring the designs of Fashion Institute of Technology (FIT) students. The students’ garments will be displayed that evening and the attendees will select three student designers to receive cash awards. The design contest is an integral part of the Underfashion Club’s mission to help educate, influence and attract new talent for the industry.
"We are delighted to announce our 2010 honorees, who will join with us in our ongoing efforts to raise funds to promote education, innovation and growth within the Intimate Apparel Industry.”- Walter Costello, President of The Underfashion Club
2010 marks the 52nd Anniversary of this not-for-profit 501 (c) (3) charitable organization established to provide Intimate Apparel Industry leaders with a forum to exchange information and ideas, and support the Intimate Apparel market as a vital aspect of the fashion industry through its ongoing commitment to support the education of new talent.
For additional information, please contact the Underfashion Club at 845.758.6405,
or visit www.underfashionclub.org.
TJX Settles With Banks
The TJX Companies have reached a US$525,000 settlement with four banks
linked to the hacking into the company's computer system during 2005 and 2006.
This latest deal follows earlier payments by the cut-price retailer: $40.9m to
Visa, agreed in 2007; $24m to MasterCard, agreed in 2008; and $9.75m to 41 US
states, made in June this year.
TJX said the latest settlement primarily reimbursed the banks for a portion of
their expenses incurred in pursuing the putative class action against the
The banks include AmeriFirst Bank, HarborOne Credit Union, SELCO Community
Credit Union and Trustco Bank.
All have agreed to release all of their claims against TJX, the company said, and
TJX had denied all wrongdoing.
The settlement relates to the intrusion into TJX's computer system during 2005
and 2006, during which millions of customers' credit card numbers were stolen.
Premiere Vision to Launch
in Japan & Brazil
The organizers of the Première Vision fabric and accessories shows are
expanding their international reach with the launch of two new events in Japan and
Première Vision Toky/Jitac, which is co-organized by JITAC (The Japan Imported
Textile Agency Council), the association of Japanese textile agents, will take
place from March 23-25, 2010.
Exhibitors will include Japanese agents representing foreign, primarily European,
weavers, as well as international knit, wovens, and accessories firms selected by
Meanwhile in Brazil, the first Premiere Brasil by Première Vision will take place
in Sao Paulo from January 20-21, 2010.
Created as joint venture between Première Vision and Brazilian event organizer
Fagga Eventos, this new show will bring together mainly Brazilian and Latin
American producers of yarns, fabrics and accessories.
They will also be joined by a contingent of international companies already
exhibiting at Première Vision and with an interest in these growing markets.
The show will focus on four sectors:
Denim, of which Brazil is one of the leading producers, Sportswear, 'Elegante'
and Knit and Beachwear.
As well as the flagship event which takes place twice a year in Paris, Première
Vision shows are also held in New York, Shanghai, Beijing and Moscow.
This Newsletter is Read by an
average 21,000 Readers per issue.
with over 24,000 Hits Per
To Subscribe Click
To Unsubscribe Click
of Page 1 of 5)