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Government schemes boost textile growth, imports cause concern: CITI

Government schemes boost textile growth, imports cause concern: CITI

"There is positivity in the entire textile value chain thanks to the pragmatic approach adopted by the government, says Confederation of Indian Textile Industry (CITI) has said. However, rising imports of textile products remains a key area of worry. As per Sanjay Jain, Chairman, CITI, the RBI Financial Stability Repor... Read more

Bangladesh: BTMA makes robust plans for future growth

Bangladesh: BTMA makes robust plans for future growth

"Mohammad Ali Khokon was recently elected president of Bangladesh Textile Manufacturers Association (BTMA) for a two-year term (2019-2020). As the President of BTMA, Khokon plans to work in the woven and knit sectors by filling demand gaps. Besides pushing the government to announce weaving as a separate sector and pro... Read more

Additional US tariffs on China to make production expensive

Additional US tariffs on China to make production expensive

"While the trade truce between the US and China gave brands and retailers some time to plan their counteractions if President Trump levies tariffs on the remaining goods imported from China, it also extended the uncertainty over the future. Every time a new set of tariffs are announced, soft goods brands and retailers ... Read more

Dependence on China fickle, India needs to formulate its own strategie…

Dependence on China fickle, India needs to formulate its own strategies

"Textile industry in China maintained a moderate rise in the first quarter of 2016. Textile exports grew by 22.16 per cent reaching EUR 24.6 billion. Exports to the European Union and the United States declined to 9.7 per cent as the set quota limits reached the sum of EUR 7.3 billion, 47 percentage points lower than t... Read more

Strong domestic demand, growing exports boosts future of Indian textil…

Strong domestic demand, growing exports boosts future of Indian textiles

"India’s textiles sector has witnessed a spurt of investment in the last five years. The industry attracted FDI worth $2.97 billion from April 2000 to June 2018. Some of the major investments in include a new skill development scheme named 'Scheme for Capacity Building in Textile Sector (SCBTS)' by the Cabinet Co... Read more

Brexit to impact global economy slowly but surely

Brexit to impact global economy slowly but surely

"For the last two and a half years, Brexit has consumed the entire United Kingdom. The UK’s negotiations with the EU have dragged on through multiple déjà vu moments, and the consensus is that the economic fallout will be felt far more acutely in Britain than in the EU, let alone in countries elsewh... Read more

T-MEC to boost apparel exports, fights undervaluation between US, Mexi…

T-MEC to boost apparel exports, fights undervaluation between US, Mexico, Canada

"The signing of a new regional trade deal between Mexico, the United States and Canada, on November 30, 2018 in Argentina, augers well for the Mexican garment and apparel industry. The deal, known by the acronyms USMCA in the United States, CUSMA and ACEUM in Canada, and T-MEC in Mexico, replaces the North American Fre... Read more

EU cautious about suspending trade benefits to Cambodia, Myanmar

EU cautious about suspending trade benefits to Cambodia, Myanmar

"The EU is reluctant to take action against Cambodia and Myanmar, who continue to enjoy duty-free market access to the EU, despite being accused of severe human rights violations. The Cambodian government, under longtime ruler Hun Sen has squelched democracy, while the Myanmar military has committed horrible atrocities... Read more

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

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Pakistan enhances synthetic filament capacity

Pakistan is upgrading its filament production capacity. The aim is to ensure availability of th... Read more

Pakistan withdraws duties on cotton imports

Gas and electricity tariffs have been rationalised for the export-focused industry in an attem... Read more

India: Gujarat government announces scheme for the textile sector

The Gujarat government has announced a support scheme spanning the entire textile value chain. ... Read more

FIEO push for fiscal, non-fiscal incentives for exporters in Gujarat

The Federation of Indian Exporters Organisations (FIEO) officials are pushing for fiscal and no... Read more

Government includes merchant exporters under interest equalisation scheme

The government has now included merchant exporters under the interest equalisation scheme for p... Read more

Canada imports from Vietnam up five per cent

Vietnam’s exports to Canada were up 5.2 per cent in 2018. Earnings from textile, garment,... Read more

US, EU top export destinations for India

As revealed the by the Textile Ministry, the US is the top export destination for apparel made ... Read more

Vietnam should rationalize policy to ride on new FDI wave

The new wave of FDI is a chance for Vietnam to deepen its industrialisation by encouraging the ... Read more

China exports textiles to India through Bangladesh to evade import tax

China is exporting textiles to India through Bangladesh to evade import tax, undermining New De... Read more

India creates a separate cell to promote small enterprises’ exports

An export promotion cell has been created to create a sustainable ecosystem for micro, small an... Read more

China seeks talks with India to push RCEA

China has sought talks with India to allay concerns on the Regional Comprehensive Economic Agre... Read more

Bangladesh exports to EU faces challenge

Bangladesh’s export receipts in fiscal 2018 were up 5.81 percent from a year earlier. But... Read more

Indian exporters hope for drawback hike

Indian apparel exporters are looking forward to a hike in duty drawback of about four to 4.5 pe... Read more

Pakistan aims at PTA with Tunisia

Pakistan and Tunisia are working on a Preferential Trade Agreement.The two countries share warm... Read more

Pakistan textile units await tax refunds

The textile industry in Pakistan is facing a serious liquidity crunch. The main problem is: sal... Read more

Pakistan: PRGMEA urges government to rationalise duty structure

PRGMEA chairman Mubassar Naseer Butt has urged the adviser to Prime Minister on Commerce, Texti... Read more

India prepares export package

India is preparing a package for exporters. There have been challenges for the export sector ov... Read more

India expects to create 17 million additional workforce in textile sector b…

The central government expects the country's textiles sector, which currently employs over 45 m... Read more

Bangladesh to cut source tax on RMG export earnings

The Bangladesh government has decided to reduce the rate of source tax on RMG export earnings b... Read more

US alters date for tariff hike on $200 billion Chinese goods

The US Trade Representative’s (USTR) officially changed the scheduled date of tariff hike... Read more

Tackling deep-rooted concerns of Indian textile industry to boost growth

Tackling deep-rooted concerns of Indian textile industry to boost growth

The government, in order to support the industry, has increased import duty on several textile ... Read more

India: Simplified GST return forms to be rolled out from Apr 1

India’s new simplified return forms for goods and services tax (GST) will be rolled out f... Read more

Apparel exporters in North India request for a review of duty drawback rate…

With readymade garment exporters losing competitiveness due to lower rates of export incentive ... Read more

Bangladesh waivers VAT for garment units

Bangladesh has given more tax waiver to encourage garment exports. Value added tax or VAT has b... Read more

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