NCTO recommends strong policies, FTAs, improved infrastructure for US …
"While NCTO strongly supports the free trade structure established under NAFTA, it also agrees with President Trump’s desire to improve the terms of the original agreement. It specifically advocates certain improvements in NAFTA renewal negotiation. Some of these include: maintaining yarn forward as the fundament... Read more
NCTO CEO Kim Glas to revive the American textile industry
"Kim Glas, new the president and CEO of the National Council of Textile Organisations since April 2019, has set a definite goal to revive the flagging American textile industry. She notes the American industry in the last few years has seen a remarkable uptick in employment with the industry currently employing 600,000... Read more
India: Labor issues cloud India’s knitwear hub Tirupur’s development
"Once touted as the ‘knitwear capital of India, Tirupur, is currently mired by labor issues. Underemployment and rising costs of living, coupled with the continuing impact of policy measures such as the Goods and Services Tax, especially on small-scale manufacturers, is stagnating growth in the city with the shor... Read more
Sri Lanka’s apparel sector targets emerging markets to boost growth
In order to achieve its ambitious target of $8 billion worth of exports by 2025, Sri Lankan apparel sector is looking to first upscale access in emerging markets such as India, China and Brazil. The country will differentiate its products with quality standards and excellent product delivery to capture global demand. T... Read more
Stock management, decentralisation to help brands deal with Brexit
"The British fashion industry, over the past two years and nine months, has been preparing for an unforeseen future. As the UK voted to leave the European Union, a range of fashion and footwear businesses across the UK including manufacturers, brands, agencies and retailers are adopting various measures to mitigate the... Read more
New markets, technological innovations to boost India’s apparel export…
"An analysis of the macro-trends and proprietary data of 100 top apparel exporters in India reveals, export value and shipments from major markets like the UAE have consistently fallen during the year. A report by US-based Drip Capital, a major provider of trade finance for SMEs in the sector, notes demand from key imp... Read more
Strong economy, world class infrastructure to help India deal with GSP…
"The United States Trade Representative (USTR) recently announced, India and Turkey will soon lose their Developing Beneficiary Country (BDC) status under the General System of Preferences (GSP) of the WTO. GSP entails duty free access to less developed or developing countries to aid development. It allows the less dev... Read more
Delay in WTO reforms irks the US
"Dealing a huge blow to the WTO, President Donald Trump in August 2018 threatened to withdraw from the organisation if it fails to upgrade operations to reflect a modern, rapidly changing world. If this threat is executed by the WTO, it would not only impact multilateralism and global cooperation but also the entire in... Read more
Rise of non-traditional markets fuels apparel exports
"As per Export Promotion Bureau (EPB) data, in the July-December period of the current FY2018-19, Bangladesh’s apparel shipments to new export destinations like Australia, Brazil, Chile, China, India, Japan, Korea, Mexico, Russia, South Africa and Turkey posted a robust growth of 36.21 per cent in the first half ... Read more
Changing dynamics of global fashion market
"The axes of global trade are shifting, amid a surge in commerce between emerging economies in the global South. The dynamics may lead to a rethinking of sourcing and pricing strategies in the year ahead. That’s why “Trade 2.0” is one of the 10 big trends to watch out for in 2019 reveals the McKinsey&... Read more
Vietnam-EU FTA to create history after seven years of wait
"The European Union and Vietnam are moving closer to clinching the Europe-Vietnam Free Trade Agreement (EVFTA) after nearly seven years of negotiations. The long-sought deal will boost Vietnam’s economic growth by nearly 8 per cent by 2025. As per the terms of the deal, Vietnam’s ruling Communist Party will... Read more
British brands tackle Brexit with diversification
"With Brexit on a knife edge, many designers and small-time manufacturers doubt whether the bi-annual catwalk event London Fashion Week holds anything for them. A slowdown in customer spending has triggered cautiousness in the rag trade. Luxury retailer Harrods is increasing its spring/summer stock to protect the expos... Read more
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- IPS
- Tex-S
Bangladesh exporters seek more incentives
Bangladesh garment manufacturers and exporters want cash incentives to be raised from one per c... Read more
BGAPMEA calls for a reduction of corporate tax rate to 12%
Bangladesh Garment Accessories and Packaging Manufacturers and Exporters Association (BGAPMEA) ... Read more
Bangladesh grants 5% cash incentive for RMG sector
The Bangladesh readymade garments industry has received the highest cash incentive of 5 per cen... Read more
CCA to request for waiver of import tariffs on uncombed cotton
The China Cotton Association (CCA) will request the US government to waive off the import dutie... Read more
Pakistan may abolish zero rating on leather, garments and carpets
Pakistan plans to abolish zero-rating for exports of leather, surgical, sports goods and carpet... Read more
Bangladesh makes it mandatory for buying houses to register with DoT
Buying houses in the garment and textile sector of Bangladesh have to get themselves registered... Read more
Exporters in Pakistan want 60 days claims
Exporters in Pakistan want to be paid their sales tax claims in 60 days. They say their money i... Read more
NCTO & AAFA oppose new tariffs on Mexican exports
The National Council of Textile Organizations (NCTO) and American Apparel & Footwear Associ... Read more
Government, GST Council to address distress in the Indian export sector
The Central government and the Goods and Services Tax (GST) Council, will meet later this month... Read more
SIMA appeals for early release of pending TUFS subsidies
Southern India Mills’ Association (SIMA), the largest spinning mills association in the c... Read more
GST on textiles may be tweaked
GST on textile products may be reworked. The move is expected to help the sector be more compet... Read more
US ends GSP for India
The US has ended trade concessions for India under GSP. India calls the decision discriminatory... Read more
US suspends GSP for India
The US has suspended GSP benefits for India. The Generalized System of Preference (GSP) is the ... Read more
NACC urges EU to continue tariff-free access to Cambodian brands
In an open plea, National Union Alliance Chamber of Cambodia (NACC representing 400,000 Cambodi... Read more
Pakistan: Textile sectors reject move to discontinue zero-rated status
The value-added textile manufacturers and exports association in Pakistan has advised the gover... Read more
CITI advises caution on RCEP pact
Sanjay K Jain, Chairman, CITI has advised the Indian government to be cautious about the textil... Read more
India considering fast refunds
India is considering boosting exports by introducing fast refunds of central and state taxes an... Read more
VF Corp Q4 revenue up five per cent
VF Corp’s total revenue rose 5.5 per cent in the fourth quarter. Revenue from Vans, known... Read more
Philexport urges govt to revive law on local fabrics use
The Philippine Exporters Confederation (Philexport), has urged the government to revive a 2004 ... Read more
India: Apparel exporters seek more clarity on new tax rebate scheme
Pointing out that export business has significantly picked up after the announcement of rebate ... Read more
UK may impose compliance code on companies
UK multinational companies may come under pressure to follow fair and clean practices in their ... Read more
EU decision to withdraw preferential trade access to hurt Cambodia
The EU may withdraw preferential trade access to Cambodia over Cambodia’s human rights re... Read more
India: Rebates may replace MEIS
India may replace the Merchandise Export Incentive Scheme (MEIS) with the Rebate of State and C... Read more
India to seek deadline extension for GSP withdrawal
India is looking for an extension of the deadline US for withdrawal of export benefits to domes... Read more
India: Rebate scheme to replace MEIS for all textile products
India will extend the upgraded Rebate of State and Central Taxes and Levies scheme to all texti... Read more
No deal Brexit: UK exporters to face tariffs
In the event of a no-deal Brexit, the UK will impose tariffs on manufacturers and exporters. Al... Read more
Texprocil welcomes rebates on embedded taxes
The Cotton Textiles Export Promotion Council (Texprocil) has welcomed the cabinet’s appro... Read more
India: Handful of relief measures to help textile and apparel industry
The government has introduced various measures to benefit almost every segment of the Indian te... Read more
Tamil Nadu launches initiatives for textile sector under new integrated pol…
The Tamil Nadu government has announced a host of incentives for the textile sector. The just r... Read more
India: Export rebates for apparel, made-ups extended
India has extended rebates for apparel and made-ups manufacturers and exporters. Rebates of sta... Read more
India: SIMA hails Tamil Nadu Comprehensive Textile Policy 2019
The Southern India Mills Association has hailed the Tamil Nadu Government for releasing the Tam... Read more
Sri Lanka invites Italian investors
Sri Lanka and Italy are strengthening bilateral ties.The two countries have maintained excellen... Read more
India: State CACP seeks hike in cotton MSP for 2019-20
The Maharashtra unit of the Commission on Agricultural Costs and Prices (CACP) is seeking a 15 ... Read more
USA to scrap GSP benefits for India
USA plans to scrap the generalised system of preferences (GSP) benefits for India within the ne... Read more
USA withdrawal of GSP may not hurt India
The US decision to withdraw GSP benefits will not have a significant impact on Indian exports t... Read more
Reduction in fund allocation under ATUFS upsets Indian weavers
The weavers in Surat are upset as the Finance Minister has reduced allocation under Amended Tec... Read more
Mexico refuses to ratify NAFTA unless USA lifts tariffs
Mexico has refused to approve the labor-reform bill as a necessary step to ratifying the new No... Read more
Indonesia and Australia eliminate tariffs through FTA
Indonesia and Australia recently signed an FTA that eliminates many tariffs, allows Australian-... Read more
Retail growth in Pakistan slows down
According to Javed Siddiqi, Director, Stylo-a ladies footwear, prêt and accessories brand... Read more
China wants wider access to India
China wants 85 per cent of its products to enter India duty-free.In turn China is willing to gi... Read more
Bangladesh, Russia MoU to boost bilateral trade
Bangladesh and Russia have reportedly decided to sign a Memorandum of Understanding (MoU) to re... Read more
India drafts national e-commerce policy
India will not join the negotiations with the World Trade Organization (WTO) to develop trade r... Read more
Thailand applies for CPTPP membership
Thailand wants to join the Comprehensive and Progressive Trans-Pacific Partnership. The aim is ... Read more
RCEP can help India forge ties with Asean
India can strengthen economic ties with the Asean region by joining the Regional Comprehensive ... Read more
Bangladesh to allow overseas companies to set up industries
According to the sources of Global Economist Forum (GEF), the Bangladesh government may permit ... Read more
Indonesia looks for trade pacts
Indonesia is going all out to strike trade pacts with about a dozen countries and blocs. The US... Read more
India: New rules force e-com portals to withdraw products
According to the global research firm Jefferies, most e-commerce portals were forced to take do... Read more
Ghana waives VAT for textiles
Ghana has decided on zero-rate value-added tax for the textile industry. This is aimed at reviv... Read more
FTA between Sri Lanka–Bangladesh to boost trade
According to President Renuka Jayamanne, the proposed Free Trade Agreement (FTA) between Sri La... Read more
Bangladesh hikes Export Development Fund
Bangladesh Bank has increased the size of the Export Development Fund (EDF) by 16.7 per cent. T... Read more
Australia to sign FTA with Indonesia
Australia and Indonesia will soon sign a free trade agreement.This is expected to increase the ... Read more