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Consumer pressure leads to global brands increasingly sustainability f…

Consumer pressure leads to global brands increasingly sustainability focus

"Consumers and government are increasingly focusing on the environmental impact of fashion across the globe. While last month’s BBC3 documentary Fashion’s Dirty Secrets exposed the industry’s failings to the public, the Environmental Audit Committee is conducting an inquiry into sustainability in fash... Read more

EVFTA will pave the way for a wider EU-Southeast Asia trade

EVFTA will pave the way for a wider EU-Southeast Asia trade

"The change of climate in Vietnam is causing its inhabitants to shift from agriculturally-rich Mekong Delta to urban areas. As recent government statistics reveals, over 1.7 million residents have relocated out of the vast expanse of fields, rivers and canals over the last 10 years. Adverse climate conditions such as e... Read more

No beneficiaries of the US-China trade dispute

No beneficiaries of the US-China trade dispute

"As the US trade dispute with China gains momentum, experts analyse which countries would benefit most from the dispute. Asian countries like Taiwan, Thailand and Malaysia are luring electronics and computer companies to their shores while Cambodia, Philippines and Bangladesh are seeking more opportunities to increase ... Read more

Tariff increase on Chinese imports to escalate prices, hinder growth

Tariff increase on Chinese imports to escalate prices, hinder growth

"The apparel industry is waiting with bated breath for the much-anticipated meeting between President Trump and Chinese President Xi Jinping that will decide the future of US tariffs on Chinese exports. Trump is expected to slap tariffs on another $267 billion worth of Chinese goods, which also includes apparel and foo... Read more

US consumers most affected by Trump’s tariffs and ongoing trade war

US consumers most affected by Trump’s tariffs and ongoing trade war

"Around 23 years ago, the General Agreement on Tariffs and Trade (GATT) was refurbished as the WTO with almost every country in the world joining the organisation. As per agreed norms, trade tariffs amongst member countries are reduced through negotiations and the agreed rates applied uniformly to all trade partners. H... Read more

Facing tough times, exporters in Tiruppur, India bank on falling rupee…

Facing tough times, exporters in Tiruppur, India bank on falling rupee for growth

"Tiruppur’s garment industry, which has around 3,500 small, medium and large garment manufacturers, generates around Rs 45,000 crore ( US$ 6.16 bn) every year until last year, it had been growing at a rate of 20 per cent year-on-year. After GST was implemented, the 5.5 per cent excise rebate was included in GST. ... Read more

Import regulation remains disputed topic for economists and countries

Import regulation remains disputed topic for economists and countries

Free imports not only expand production quickly but also boost the purchasing power of consumers by allowing them to buy high-quality goods at low price. If trade flow is unhindered, the law of comparative advantage forces countries to specialise and trade in products they have some competitive advantage in. This benef... Read more

USMCA –the rebranded version of NAFTA encourages production and invest…

USMCA –the rebranded version of NAFTA encourages production and investment

"In a big victory for his agenda to abolish global free trade that many associate with the signing of NAFTA in 1994, President Donald Trump recently convinced Canada and Mexico to accept restricted trade with their main export partner. Keeping China in focus, the U.S. negotiators clinched a new trade deal with Mexico a... Read more

Brexit: British fashion industry braces up for tough times ahead

Brexit: British fashion industry braces up for tough times ahead

"Only seven months remain for the UK to formally exit the European Union, and the £28 billion fashion sector has to get three different looks ready for future-proof business. As per Richard Lim, Chief Executive of Retail Economics, the potential scenarios would include ‘Hard Brexit’, where designers, ... Read more

Potential US tariffs opens new avenues of growth

Potential US tariffs opens new avenues of growth

"Experts are recommending several unique ways to deal with Trump’s tariffs and adjust business models to cope. Darrin Beer, Western Regional Manager, CIT Commercial Services advices retailers and importers seek new sourcing alternatives. He feels the process of shifting sourcing overnight without risking quality,... Read more

Export credit insurance policy a boon for $28 bn US textile export ind…

Export credit insurance policy a boon for $28 bn US textile export industry

"As per Washington-based National Council of Textile Organisations figures, US textiles and apparels exports was worth $28.6 billion in 2017. In fact, exports helped the country pull out of global recession. No wonder many small and medium sized textile companies in the US are boosting their bottomline by targeting con... Read more

Vietnam: Emerging a strong world trade centre in a tariff-hit global e…

Vietnam: Emerging a strong world trade centre in a tariff-hit global economy

"Nothing is isolated in world economy today. The US government, in its attempt to punish China for unfair trade practices and reduce its $3.75 billion trade deficit, is forcing some of its strongest allies to run for protection. A prominent partner, Vietnam exported around 35 per cent of its goods to China and the Unit... Read more

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Tirupur knitwear makers disappointed with duty reduction on RMG

Knitwear makers in Tirupur expressed disappointment over the reduction of duty drawback rates o... Read more

Government announces revised duty drawback rates

The Union government has announced revised duty drawback rates. These All Industry Rates of Dut... Read more

India: CBIC slashes duty drawback rates for cotton and polyester

The Central Board of Indirect Taxes and Customs (CBIC) has slashed duty drawback rates from 2 t... Read more

India: Texprocil urges government to disburse Rs 3,000 crore TUFS funds

The Cotton Textiles Export Promotion Council (Texprocil) has urged the government to disburse t... Read more

Loss of EBA may affect Cambodia’s apparel industry

Cambodia has strong ties to the EU, accounting for more than 40 per cent of the former’s ... Read more

India: Gujarat’s new textile policy offers huge incentives

Gujarat’s new textile policy has huge incentives in taxes. The policy aims at making Guja... Read more

India to rate industrial parks

A rating system will be developed for industrial parks in India. This is expected to raise comp... Read more

ATUFS may become simpler

Norms under the Amended Technology Funds Scheme (ATUFS) may be simplified for players in textil... Read more

Garment industry welcomes PM’s package for the MSME sector

The garment industry has welcomed the package announced by the Centre for the MSME sector as gr... Read more

SRTEPC requests 6 per cent rebate for yarn and fabric exports

The Synthetic & Rayon Textiles Export Promotion Council (SRTEPC) has requested the Union mi... Read more

EU to re-impose tariffs on Myanmar and Cambodia

The European Union is planning to re-impose tariffs on imports from Myanmar and Cambodia which ... Read more

US tariffs on imports to impact American companies

US tariffs on imports from China will impact companies in the US, and consumers too. Since it i... Read more

India: Weavers accuse TRU of ignoring ITC

Industrialists in the powerloom weaving sector have accused the Tax Research Unit (TRU) under t... Read more

India working on strategies to double exports by 2025

India plans to double exports by 2025. In view of the challenges like uncertainty of global tra... Read more

Gap sales up eight per cent

For Q2 Gap net sales increased eight per cent compared with last year. Comparable sales increas... Read more

Trade war set to continue

China and the US are levying tariffs on each other’s goods.The US has imposed duties on C... Read more

Indonesian association urges govt to reduce rate of import growth

According to Indonesia Filament Fiber and Yarn Producers Association (APSyFi), not a single pol... Read more

Recovery in sight for Indian textile industry

The textile sector in India is showing signs of recovery.The stressed advance ratio of the text... Read more

Philippines hopes for FTA with US

The textile and the garment industry in the Philippines is hoping the free trade deal with the ... Read more

Ethiopia seeks Vietnamese cooperation

Ethiopia and Vietnam are cooperating in various fields. Among these are culture, economics, tra... Read more

Chinese hopeful of FTA with Canada

According to Canada-based Global News, China’s ambassador to Canada hopes to make progres... Read more

India to protect local industries from Chinese goods

India is planning to change the rules of origin clauses in free trade pacts, including the Sout... Read more

US urges China to offer more concessions in trade

President Donald Trump has urged China to offer more concessions as the two countries prepare f... Read more

CMP exports of Myanmar increase by US$ 704 million

According to the Ministry of Commerce, Myanmar earned over US$1.4 million from CMP (cutting, ma... Read more

India: Cotton bales specification to be included under BIS Act, 2016

The Union textiles ministry has approved a proposal to include the Indian Standard Cotton Bales... Read more

India: Experts slam hike in import duty on textile products

The government has doubled import duty on more than 300 textile products for the second time th... Read more

India doubles import duties on a range of textile products

India has raised import duty on 328 lines of textile products from 10 to 20 per cent. The incre... Read more

Cotton industry asks for tax refunds

Cotton textile exporters want the GST Council to allow accumulated Input Tax Credit (ITC) on fa... Read more

Mexico and Canada optimistic of clinching the NAFTA deal

Mexican and Canadian officials are optimistic of clinching the NAFTA trade deal with the U.S. i... Read more

Cambodia’s garment and footwear exports register robust mid-year growth

As per a report recently released by the National Bank of Cambodia (NBC), the country’s g... Read more

AAFA opposes Trump’s decision to impose tariffs on China imports

American Apparel & Footwear Association (AAFA) President and CEO Rick Helfenbein has oppose... Read more

Kenya to be the next beneficiary of US export window

Experts have hinted that Kenya is likely to be a beneficiary of another US export window that i... Read more

NCTO bats for textiles to be included in the fresh list of import tariffs

The National Council of Textile Organisations (NCTO) has praised the Trump administration&rsquo... Read more

KCA urges the government to waive all taxes and duties on cotton imports

The Karachi Cotton Association has urged the government to waive all duties and taxes on import... Read more

GST Council to refund accumulated credit

The GST Council has decided to refund accumulated credit on account of inverted duty structure ... Read more

EPCH calls for smooth transition of GST

EPCH has regularly been representing to the GST council for the smooth transition of exporters ... Read more

India doubles import duty on textile products

India has doubled the import duty on textile products including carpets, woven fabric, jackets ... Read more

India raises import duties to check imports

India has increased import duties on textile and apparel items. The aim is to protect domestic ... Read more

Tirupur exporters welcome duty hike

Tirupur garment exporters are happy about the increase in basic customs duty from 10 to 20 per ... Read more

Reimbursement of incentives under the Gujarat Textile Policy limits only to…

Reimbursement of incentives under the Gujarat Textile Policy 2012, will be limited to sales wit... Read more

US-China trade war officially takes off

US tariffs on Chinese imports have taken effect. With China having vowed to respond immediately... Read more

Nigeria: MAN urges government to relax textile fund

Manufacturers Association of Nigeria (MAN) has appealed to the Federal government to relax the ... Read more

DIPP to ensure domestic leather promotion

The Department of Industrial Policy and Promotion (DIPP), as a part of the Make in India campai... Read more

Government announces visa exemption for foreign handicraft designers

The handicrafts sector has been exempted from minimum salary condition (Rs 16.25 lakh per annum... Read more

FIASWI demands additional customs duty on imported silk

The Federation of Indian Art Silk Weaving Industry (FIASWI) has sought various duty cuts on man... Read more

PHMA warns government against increase in gas tariffs

Pakistan Hosiery Manufacturers & Exporters Association (PHMA) has warned the government abo... Read more

NCTO wants tariffs on Chinese textiles

American businesses want Chinese textiles to be added to the tariff roster. The National Counci... Read more

The European Union’s retaliatory tariffs against U.S. set to begin soon

The European Union will begin charging a 25 per cent tariff on $3.2 billion of US products from... Read more

As trade war escalates, EU backs tariffs against US

EU countries approved a raft of tariffs targeting US goods including blue jeans, whiskey and mo... Read more

Government to impose anti-dumping duty on a Chinese polyester yarn

The government may impose anti-dumping duty of up to $528 per tonne for 5 years on a Chinese po... Read more

Indian hosiery sector wants ban on cotton exports to rein in prices

Hosiery manufacturers in India want the government to stop any further export of cotton till th... Read more