Fashion
China urges Mexico to follow WTO rules in anti-dumping investigations
A Chinese Ministry of Commerce spokesperson said the country firmly opposes protectionist measures that harm its legitimate rights and interests, and will closely monitor the development of the investigations.
Mexico has opened 11 anti-dumping investigations into Chinese products till now this year—nearly twice of last year’s total, a Chinese state-controlled media outlet reported.
China has urged Mexico to comply with WTO rules in its anti-dumping investigations and protect the rights and interests of Chinese firms.
Mexico has opened 11 such probes into Chinese products this year—nearly twice of last year’s total.
In response to Mexico’s proposed tariff hikes and other restrictions, China is probing trade and investment barriers in accordance with relevant laws and regulations.
The spokesperson said that against the backdrop of excessive use of tariffs by the United States, China holds that all countries should work together to oppose unilateralism, curb the spread of protectionism and refrain from imposing restrictions on China under various pretexts due to external coercion.
In response to Mexico’s proposed tariff increases and other restrictions, the ministry has launched an investigation into trade and investment barriers in accordance with relevant laws and regulations.
Fibre2Fashion News Desk (DS)
The package establishes a modern framework for both sides, enabling frictionless access to a market of 460 million consumers in key sectors, delivering economic benefits to both parties.
European Commission President Ursula von der Leyen and Swiss President Guy Parmelin yesterday signed a broad package of agreements aimed at deepening and expanding EU-Switzerland ties.
By aligning standards and rules in closely integrated areas, it will provide legal certainty, simplify trade in goods like medical devices and food products, and ease cross-border supply for businesses on both sides.
By aligning standards and rules in closely integrated areas, it will provide legal certainty, simplify trade in goods like medical devices and food products, and ease cross-border supply for businesses on both sides of the border.
Additionally, it will ensure more consistent rules for individuals who live, work or study across the EU-Swiss border. Switzerland will contribute to the development of legislation in the areas covered by the package and will have the opportunity to influence these rules as they are being designed.
“By modernising and deepening our ties across key sectors, from trade and transport to health and energy—we are strengthening legal certainty, fostering innovation and creating new opportunities for our citizens and businesses,” von der Leyen said in a release from the Commission.
The package includes updates to four already existing agreements, which already give Switzerland access to the EU internal market, regarding air transport, land transport, the free movement of persons and mutual recognition of conformity assessment.
New agreements on food safety, electricity, health and Switzerland’s participation in the EU Agency for the Space Programme were signed. A new agreement introduced a permanent and fair financial contribution by Switzerland to economic and social cohesion within the EU.
Apart from a protocol on parliamentary cooperation, the package includes also a joint declaration on the establishment of a high-level dialogue on the broad bilateral package.
Fibre2Fashion News Desk (DS)
Following earlier increases in purified terephthalic acid (PTA), melt and PSF, Indian producers have now raised PFY prices. POY, FDY and PTY prices have been increased by ****;* per kg across all deniers and lustres with effect from March *, reflecting rapid cost pass-through amid heightened volatility in crude-linked value chains, according to the market sources.
In the previous weekly revision effective February **, ****, PTA was increased by ****;*.** per kg to ****;**.** per kg, while monoethylene glycol (MEG) was retained at ****;**.** per kg. Polyester melt prices were raised by ****;*.** per kg to ****;**.** per kg. Downstream PSF prices were also revised upward by ****;*.** per kg from March *.
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