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Trump keeps textile products out of tariff basket

Trump keeps textile products out of tariff basket

"While the Trump administration is slapping tariffs on $50 billion in Chinese imports, it has spared the clothing and footwear industry of China but the news is not a positive one. As per official statement, the actual shirts and shoes imported from China won’t get new tariffs, according to the full list of 1,102... Read more

Mending ways with the US seems to be a tall order for India

Mending ways with the US seems to be a tall order for India

"With the US President Trump imposing import duties on Indian products such as textiles, gems and jewellery, automotive, organic chemicals and pharmaceuticals, this could spell bad times especially for SMEs in the country. The impact could be huge, as the US accounts for nearly 16 per cent of India’s total export... Read more

Indian textile export policies need a fresh look

Indian textile export policies need a fresh look

"As per latest Apparel Export Promotion Council (AEPC) figures, India’s apparel exports have dropped 17.78 per cent to reach $1.49 billion, with an overall dip of 3.83 per cent to $16.71 billion in 2017-18. At the same time, India’s overall goods exports increased 9.78 per cent to $302.4 billion in April-Ma... Read more

India needs labor reforms

India needs labor reforms

There has been a contraction in the Indian workforce between 2013-14 and 2015-16.About 1.2 million jobs were lost and total employment was down from 483.9 million to 482.7 million. This ties in with the poor growth in sectors such as exports during this period. Countries with more practical labor laws such as Banglade... Read more

US-China trade ties a cause of concern or opportunity for others

US-China trade ties a cause of concern or opportunity for others

The ongoing tiff between US-China trade will have significant impact on global economic landscape. How things pan out is still not known, yet going by the present picture, things don’t look too bright between the two countries with severe allegations made by the US government on China. President Trump on April 3 ... Read more

Automation and positive EU relations could boost Cambodia’s growth

Automation and positive EU relations could boost Cambodia’s growth

"While textile is one of the most important sectors in Cambodia’s economy, pressures from neighbouring countries is adversely impacting growth. To add to it, increasing automation and loss of preferential trade agreements is aiding to its woes. Employing 86 per cent of all factory workers, about 40 per cent of Ca... Read more

Indo-US trade relations facing troubled times

Indo-US trade relations facing troubled times

"Though India is still growing steadily amid the unexpected US trade proposition, industry might get bruises if the situation doesn’t turn up in India’s favour, fear analysts. President Trump’s recent amendments in trade policy are impacting global economic growth negatively. As counteractive measure,... Read more

Trump’s tariff policy to hamper domestic apparel industry dynamics

Trump’s tariff policy to hamper domestic apparel industry dynamics

"The world is concerned with President Trump’s tariff plans. The US has also announced 25 per cent tariff on steel imports and 10 per cent on aluminum for countries other than Canada and Mexico. Additionally, there are plans to impose around 45 per cent tariff on goods imported from China to suppress the country&... Read more

Pakistan: Currency depreciation, energy costs hurt textile industry

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

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

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

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

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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

US states differ on polyester, microfiber legislation

The proposed polyester legislation from several US states in light of textile microfiber pollut... Read more

Sri Lanka seeks $500 mn apparel trade deal with India

Sri Lanka is hoping to convince India to remove the existing quota system for the apparel indus... Read more

Bangladesh garment manufacturers to pay higher taxes

Ready-made garments (RMG) manufacturers in Bangladesh will henceforth have to pay a higher corp... Read more

Sri Lanka to review FTA with China

Development Strategies and International Trade Minister Malik Samarawickrama has recently state... Read more

Sri Lanka draws up strategy for entry in Chinese markets

Sri Lanka’s Export Development Board (EDB) has drawn up a new entry strategy for the Chin... Read more

Chile and Pakistan close to FTA

Chile and Pakistan may sign a free trade agreement (FTA) within six months. This would enable P... Read more

FTA with the EU could benefit the Philippines

FTA negotiations between EU and the Philippines aim at eliminating or reducing tariff and non-t... Read more

China willing to meet US half way

China is willing to expand imports from the US if the US is willing to meet it half way in trad... Read more

Bangladesh source tax hiked

Apparel exporters in Bangladesh have to pay one per cent tax at source in the 2018-19 fiscal, i... Read more

Tirupur fears repo hike will hit exports

Exporters of Tirupur are apprehensive that the 25 basis points hike in the repo rate will have ... Read more

Cambodia wants a bigger presence in EAEU

Cambodia wants the Eurasian Economic Union (EAEU) to include more Cambodian products like garme... Read more

Pak cotton imports face customs duty again

Pakistan has reimposed customs duty on cotton imports. The aim is to maintain stability in cott... Read more

Canada and the EU retaliate

US textile exports are now facing retaliatory tariffs from Canada and the European Union. This ... Read more

Trade war intensifies moving closer to June 15

In response to President Donald Trump removal of the exemptions, from additional tariffs on ste... Read more

India to request US to renew the GSP scheme

India plans to request the United States to quickly renew the generalised system of preferences... Read more

Jeans may be casualty of trade war

The basic blue jean may become entangled in a trade war between the US and its allies. Followin... Read more

Exporters asked to show records

Apparel exporters in Tirupur have been directed by customs to submit records of exports done by... Read more

No ITC for power looms

The power loom weaving sector won’t get refund of input tax credit (ITC). ITC refunds for... Read more

Surat to have relief on GST related issues

Indian Union Textile minister Smriti Irani assured the textile industry of Surat that issues re... Read more

Tirupur exempt from e-way bill

Tamil Nadu has exempted Tirupur exporters from generating e-way bills. No e-way bill is needed ... Read more

AAFA criticises US govt’s tariffs on imports

Rick Helfenbein, president and CEO of the American Apparel & Footwear Association, criticis... Read more

US, EU can negotiate despite import tariffs

The United States and European Union could still negotiate a trade deal even if Washington impo... Read more

Vietnam to increase trade through FTAs

Vietnam plans to increase its import-export revenue through the implementation of 10 free trade... Read more

US threatens China on theft of American intellectual property

The United States threatened to impose tariffs on $50 billion of imports from China unless Beij... Read more

WTO to probe US charges against India

The World Trade Organisation will set up a panel to examine America’s allegations against... Read more

China’s Home Fashion Products Association argues against tariffs on textile…

The Trump administration proposed tariffs on goods from China may include home textiles, accord... Read more

Indian exporters to get their dues

Exporters in India are going to have their dues such as rebate on state levies and IGST cleared... Read more

Drawback cut weakens Indian exporters

Indian apparel exporters are facing stiff competition from their counterparts in Bangladesh and... Read more

Indian April apparel exports down 23 per cent

India’s apparel exports fell by 23 per cent in April 2018 compared to April last year. Re... Read more

Textiles Ministry promotes ‘Make in India’ through local sourcing

Public Sector Undertakings (PSUs) have been asked to push up their participation in improving l... Read more

Competitors overtake India in exports

In the last decade, countries like Bangladesh, Vietnam and Sri Lanka have overtaken India in th... Read more

Vietnam prepares businesses for CPTPP related growth

At a conference co-hosted by Vietnam Chamber of Commerce and Industry (VCCI) and the Ministry o... Read more

Rwanda’s import tax irks US

Rwanda is nurturing its garment sector. But domestic demand for locally produced clothes has be... Read more

Cotton cabbotage rule eased

The cabbotage rule for transport of cotton along with several other products has been relaxed. ... Read more

CFTA to support world’s largest free trade area

African countries have formed a free trade area. This is the world’s largest free trade a... Read more

Asia Pacific fears trade war

Asia Pacific exporters are deeply concerned about a fall in business largely due to an increase... Read more

Japan wants South America in TPP

Japan is encouraging more countries from Central and South America to join the reworked Trans-P... Read more

EU forges ties with Australia, New Zealand

The EU is Australia’s third largest trading partner. EU’s exports to Australia are... Read more