USMCA –the rebranded version of NAFTA encourages production and invest…
"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
"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
"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…
"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…
"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
Uncertainty forcing US fashion industry to wait and watch
"That United States Fashion Industry Association (USFIA) tagline -- dedicated to fashion made possible by global trade, is very pertinent today given the kind of policies being pursued by President Trump. As per the US Trade Commission estimates in 2016 textiles and apparel accounted for 9.7 per cent of imports from Ch... Read more
US-China tariff war sees newer sourcing destinations emerging strong
"The escalating US-China trade war is driving many China-based manufacturers and their US clients out of China to other low-cost countries like Vietnam, Cambodia, etc, leather brand Steve Madden is shifting handbag production to Cambodia, Techtronic Industries is moving out to Vietnam while Flex is planning to shift pr... Read more
GSP Plus: Enabling Sri Lanka compete with region’s apparel industry
"Sri Lanka faced export revenue losses of around Rs 250 billion after being blackballed and losing its GSP+ concession in August 2010 on allegations of human rights. The country, which according to the International Trade Centre, was much ahead of Vietnam, Pakistan and Cambodia in apparel exports in 2009, trailed them ... Read more
Bangladesh revamping trade policies to boost exports
"Bangladesh’s merchandise exports in the last couple of years have declined to a single digit. The country’s average export growth between FY15 and FY18 was only 5.03 per cent. Moreover, export earnings in the last three years have fallen behind annual projection of the Seventh Five-Year Plan (7FYP). In the... Read more
NAFTA 2.0 to change US apparel sourcing norms
"The US demand raises one big question of whether trade-preference levels (TPL) could be altered, allowing for some non-regional yarns and fabric to be used even though garments were produced within the free-trade area; thus enabling them to receive duty-free status. US representatives, in their previous trade negotiat... Read more
Indian garment manufacturers need to speed up to grab global business
"As India aims for 20 per cent yearly growth in exports over the next decade, Indian manufacturers need to develop a business strategy that can help the country to succeed in the US and European markets. In 2025, global trade in the textile and apparel market will cross $1.2 trillion. China has nearly 40 per cent share... Read more
US-China Tariff Fallout: Cambodia emerges new investment destination
"A study by the US Fashion Industry Association indicates almost 67 per cent respondent’s expected value or volume of goods sourced from China to decrease over the next two years. A striking example of this is Steven Madden, which expects to source 15 per cent of its handbags from Cambodia this year, with this pe... Read more
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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
Israeli manufacturers scrap garments in tax protest
Dozens of clothing manufacturers in Tel Aviv have decided to dump garments them into a pile tha... Read more
Pak industry wants export tax to go
Pakistan’s garment industry wants help in increasing the country’s exports to overc... Read more
Pigment clearance delayed in Pakistan owing to HS codes
The clearance of textile raw material (pigments) has been virtually suspended due to non-feedin... Read more
Government proposes new taxes for garment industry
Bangladesh Garment Manufacturers and Exporters Association have demanded reduced corporate tax ... Read more
Rwanda takes over the tax obligations of exporters
To ensure Rwandan exporters are not significantly affected by the anticipated suspension of dut... Read more
India protests againts US review of its zero duty exports
The Indian government has objected to US decision of reviewing the eligibility of its $5.6 bill... Read more
Centre to revise duty drawback rates in Surat
The central government will depute two members from the duty drawback committee to analyse the ... Read more
APTMA rejects low export package
The Central Executive Committee (CEC) of the All Pakistan Textile Mills Association (APTMA), ha... Read more
NCTO upholds US tariffs on imported apparels
Although majority of business organisations and industry associations such as the American Appa... Read more