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Pakistan: Currency depreciation, energy costs hurt textile industry
"Pakistan's textile exports was worth $12.45 billion with imports worth $3.35 billion in 2016-17. The country exported raw cotton amounting to $42.85 million, cotton yarn $1.24 billion, cotton cloth $2.12 billion, cotton carded $235000, yarn other than cotton yarn $24.351 million, knitwear $2.362 billion, bed wear $2.1... Read more
Indian textile sector needs a new policy push
"India’s textile sector has the second-largest employment after agriculture, employing 32 million workers. It has the potential to double employment in the next seven years as per the vision document (for 2024-25). India has a rich mix of synthetic and natural fibres and yarns but still remains a cotton-focused. ... Read more
GST for textile sector, in line with the prevailing rates – ICRA
"The Goods & Services Tax (GST) Council announced rates for the textile and other pending categories on June 3, 2017, moving one step closer to the proposed implementation of the new tax regime with effect from July 1, 2017. While rates for most commodities were announced on May 19, 2017, the announcement for the t... Read more
Vietnam signs deals worth $8 billion with US
"To sustain its export-driven economy and minimise the impact of US withdrawal from the TPP, Vietnam is placing a great thrust on the increased trade relations with the US, which is its largest export market. Vietnam and the US have recently signed business deals worth US$8 billion, in the sectors such as aircraft engi... Read more
Is China losing its textile touch?
"China is the number one textile and clothing exporter to the world, producing more than 43.1per cent of global demand. As per the 13th five-year plan of Chinese Government for the year 2016 to 2020 period, China strategically is moving towards more value adding tech intensive products. The plan is to maintain traditio... Read more
Proposed changes in NAFTA to adversely impact LA apparel units
"The proposed changes in the North American Free Trade Agreement (NAFTA), has resulted in companies planning to shift their manufacturing base away from Los Angeles. As Mateo Juarez, GM, United Jeans says, in Los Angeles County, the minimum wage for businesses with more than 26 employees rises to $12 an hour from July ... Read more
Higher GST on man-made fibre to have negative implications on the indu…
"Man-made fibre and synthetic yarn would be levied 18 per cent tax under GST regime while the fabric only 5 per cent. Industry experts feel that keeping the rates of key inputs at a higher level will negatively the competitiveness of small and medium synthetic textile manufacturers. Stating the same as concern of inver... Read more
Synthetic ind questions GST slab, raises issue of Cenvat credit
It is surprising to know that the govt still thinks polyester is a fibre for high class and cotton is for poor class, that is the reason growth is restricted. Soon a day will come when govt will have to think independently, if it wants to grow at bigger pace like Bangladesh/Vietnam etc, says R K Vij, Ad... Read more
Pakistan textile industry disappointed with the budget
"All Pakistan Textile Mills Association (APTMA) has deeply disapproved the proposed Federal Budget 2017-18. It says, the government is not serious about implementing the Rs 180 billion Prime Minister's export led growth package as till now only Rs 1 billion has been released by the State Bank of Pakistan. The governmen... Read more
Real Picture: One year later, textile booster package yet to reach gro…
It’s almost a year since the Central government had announced a special package for the textile industry. But the impact doesn’t seem to be showing, not just yet. Despite the government announcing to would bear the entire 12 per cent employer’s contribution to the employees’ provident fund (EPF)... Read more
India needs comprehensive policy to promote artisans globally
"If export promotion councils start promoting Indian artisans on the global map with a strong push, then their growth can get a big boost. Delhi, Jaipur, or Lucknow’s local cloth and garment markets are always teeming with Europeans in search of unique Indian designs. Many are entrepreneurs bulk-buying cloth and ... Read more
More policy backing needed to push up India’s apparel export capabilit…
"While the government is pushing hard to make India a preferred global destination for investment, exports is an area which still needs to grab the attention of the powers that be. Till August 2016, India’s exports had declined continuously for 18 months. There seems to be relief post August with exports starting... Read more
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NAFTA should retain flexibility
Canadian, Mexican, and US negotiators should update NAFTA in a way that will continue the curre... Read more
SIMA urges centre to re-look on duty drawback rates
Indian textiles and clothing exports has been struggling during the last three years due to the... Read more
Chinese firms concerned about Pak’s poor infrastructure before relocation
The China-Pakistan Economic Corridor (CPEC) may have brought the two countries closer, but the ... Read more
AEPC submits inputs on Gujarat policy
The Apparel Export Promotion Council (AEPC) has welcomed the extension of Gujarat's textile pol... Read more
Tamil Nadu working on a textile policy
Tamil Nadu is in the process of drafting a new textile policy. Textile units want improved infr... Read more
US objects to dumping
Korea and Taiwan are accused of dumping low melt polyester staple fiber in the US.The allegatio... Read more
US assures Africa of AGOA
The United States has assured sub-Sahara African countries that the African Growth and Opportun... Read more
African tariffs may hurt US firms
East Africa wants a ban on imports of secondhand clothing from the US.It’s expected that ... Read more
GST reduction in textiles job work a relief
Textile exporters feel with GST the country's exports will become uncompetitive in global marke... Read more
FOSTTA calls meet to discuss GST demands
Unhappy with the GST Council not taking any decision on the demands put forth by textile trader... Read more
Bangladesh cuts tax on export earnings
Bangladesh has reduced income tax at source on export earnings to 0.70 per cent from the existi... Read more
Weavers service centre to serve as one stop centre for handloom weavers
On the eve of third National Handloom Day textiles minister Smriti Irani, inaugurated a camp fo... Read more
Pass on repo rate cut urge Tirupur Knitwear Exporters
The president of the Tirupur Exporters' Association (TEA) Raja M Shanmugham has appealed to ban... Read more
Export subsidies to be phased out by 2018
As per World Trade Organisation (WTO) rules the Centre has decided to phase out direct subsidie... Read more
Haryana formulates new textiles policy says state industry minister
Haryana’s industries and commerce minister Vipul Goel says the government has formulated ... Read more
SGCCI wants heavy import duty imposed on Chinese fabrics
Southern Gujarat Chamber of Commerce and Industry (SGCCI) and Pandesara Weavers jointly submitt... Read more
AEPC wants GST modified
The Apparel Export Promotion Council (AEPC) wants the Rebate of State Levies scheme to be conti... Read more
US cotton farmers want farm bill
Cotton farmers in the United States say they are in trouble and want a farm bill. They want the... Read more
Surat textile trader ends indefinite hunger strike against GST
Hitesh Sanklecha, a textile trader who was fighting for the removal of GST on MMF fabrics, brok... Read more
GST Affect: Goods move faster, apparel industry to reap benefits
GST has started showing results. It has resulted in the removal of check posts across 22 states... Read more
Bangladesh: Govt reduces source tax on RMG exports
The government is set to reduce tax at source on export of readymade garment following demands ... Read more
EU, Japan conclude agreement
The EU and Japan have entered into a trade agreement. The EU-Japan Economic Partnership Agreeme... Read more
Turkish duties imposed unfair, says India
Turkey has imposed customs duties on textiles and garments from India and some other countries.... Read more
GMAC to bring up tax issues at stakeholders meet
The Garment Manufacturers Association of Cambodia plans to raise a number of tax issues with th... Read more
Tirupur upset over GST
Tamil Nadu’s textile cluster is upset over the GST rates imposed on textile manufacturers... Read more
US firms levy dumping charges
Three US companies say China, India, South Korea and Vietnam dump fine denier polyester staple ... Read more
GST a historic step, says SIMA
The Southern India Mills Association (SIMA) has welcomed the GST era for the textile industry. ... Read more
Partial relief in GST for manmade fibers
In a partial relief for manmade textile units, GST on texurising, twisting, weaving and yarn dy... Read more
US make luggage imports duty-free
The United States will extend duty-free treatment to imports of all statutorily-eligible travel... Read more
Arvind disruption minimal, says Credit Suisse
Credit Suisse has maintained an outperform rating on Arvind, with a target price of Rs 450. It ... Read more
Surat cloth traders protest against GST
The roughly 70,000 textile traders in Goodluck Textile Market have refused to register for GST,... Read more
FOGWWA wants a uniform fiber policy in textile sector
For the benefit of Indian textile sector under the new GST regime the Federation of Gujarat Wea... Read more
Agra’s footwear industry says GST too high
Agra’s footwear industry which Agra’s dates back to the Mughal era feels GST rates ... Read more
USTR announces AGOA review for Rwanda, Tanzania, Uganda
The United States Trade Representative (USTR), in consultation with the Trade Policy Staff Comm... Read more
Gujarat Weavers Welfare Association wants fiber policy implementation
For the larger benefit of the Indian textile sector under the new GST regimethe Federation of G... Read more
Euratex warns against hard Brexit
The European Apparel and Textile Confederation, Euratex, has warned against a hard Brexit, sugg... Read more
President, American Fiber Manufacturers Association dead
Paul T. O’Day, president, American Fiber Manufacturers Association, is dead. He was appoi... Read more
Industry insists for revised GST rates
The textile industry wants the proposed 18 per cent GST rate on manmade fibers and yarns to be ... Read more
Embroidery units protest GST
The textile embroidery hub in Surat has decided to agitate against GST from June 24. Embroidery... Read more
Remediation of Bangladesh small RMG factories pending
A large number of small garment factories those are out of the ongoing inspection network, make... Read more
Gujarat fabric traders oppose GST
Textile traders from Surat, Gujarat want fabric and job work to be exempt from Goods and Servic... Read more
US reviews AGOA benefits
The US is reviewing trade benefits to Rwanda, Tanzania and Uganda under the African Growth and ... Read more
India’s garment exports grow eight per cent
India’s readymade garment exports registered a positive growth of just 8.06 per cent in M... Read more
Three-month wait for GST revision upsets industry
The GST council’s decision of considering any rate revision only after three months has c... Read more
Mills want GST revisions to avoid misrepresentations
The Southern India Mills’ Association (SIMA) says there will be huge accumulation of exce... Read more
APTMA to keep mills shut mills in protest
All Pakistan Textile Mills Association (APTMA) has decided to keep all the mills shut next week... Read more
GST may hit small yarn buyers, boost fabric imports
India’s small, non-integrated manmade fabric manufacturers feel threatened by GST. Under ... Read more
EU warns Bdesh again, not to exploit workers to sustain GSP
European Union once again warns Bangladesh on not to exploit RMG workers for sustaining GSP. Th... Read more
EDB seminar on renewed opportunities to enter EU market
The EDB organized a seminar on May 29 in association with the export product associations on 'R... Read more
Anti Dumping reduces exports of Bangladesh jute
India has imposed anti-dumping duties on jute products from Bangladesh. This has affected Bangl... Read more
US wants more from Africa
The US has urged African countries to fulfil their obligations under the terms of Agoa, a prefe... Read more