This is considered a good start for the industry to realise its export target of 35 billion USD by the end of this year. President of the HCM City Association of Garment and Textile Pham Xuan Hong said the sector has bright prospects this year. Garment-textile exports in 2018 are anticipated to be better than in 2017 with the maintenance of two-digit growth. Chairman of the Directors Board of Hung Yen Garment Corporate Nguyen Xuan Duong said the number of orders is likely to strongly in

The cotton market on Saturday failed to maintain the recovery pace started a day earlier as buyers withdrew to the sidelines. Activity was extremely slow and prices were under pressure. There was no specific reason for the lacklustre performance except rising and falling demand from spinners. Depleting cotton stocks with ginners and shortage of quality cotton negatively impacted trading activity. During the week cotton prices came crashing down in line with global trend after China imposed

Pakistan Hosiery Manufacturers and Exporters Association (PHMA) chairman Dr Khurram Anwar Khawaja has said the benefits of the renewed GSP Plus status can only be harvested by maximum value-addition in finished products rather than exporting only raw materials, which cannot be possible without relaxation in import policies. It is to be noted here that raw cotton exports from the country during eight months (July-Feb 2017-18) of current financial year grew by 38 percent as compared to the corr

Today, African cotton farmers and their families do much the same work as American slaves of the 19th century. Mechanisation is a distant dream, reports Jozef De Coster from Abuja (Nigeria). Global interest in Africa is growing. The US and Russia don’t want to be sidelined in the Dark Continent by strategic super-investor China. At the level of companies, Turks and Indians are eagerly competing with companies from the former European colonisers. However, the basic motivation of most foreig

The United States plans to suspend duty-free access to Rwandan textile imports as the latter has refused to lower trade barriers for US-made clothing and shoes. The suspension applies to all apparel products from Rwanda eligible under the African Growth and Opportunity Act (AGOA) in 60 days, the office of the US Trade Representative (USTR) said in a recent statement. The USTR last year began an ‘out-of-cycle’ review to determine the eligibility of Rwanda, Tanzania and Uganda to keep their tr

More than 11.571 million bales of cotton have arrived in 2017-18 season at various ginneries in Pakistan, as on April 1, 2018, up 7.88 per cent over arrival of 10.725 million bales during the corresponding period of last season, according to the latest fortnightly report on cotton arrivals, released by the Pakistan Cotton Ginners’ Association (PCGA). In the major cotton producing province of Punjab, total cotton arrivals increased by 5.46 per cent year-on-year to 7.317 million bales, accordin

Nike, a leading designer and manufacturer of athletic footwear, apparel and equipment, is launching the next generation of Nike Flyknit. Nike Flyknit, which debuted at the 2012 London games with the Nike Flyknit Racer, is a digitally engineered knitting process best known for its role in lightweight, formfitting and virtually seamless shoe uppers. The traditional way to construct Nike Flyknit for a shoe is by knitting a flat upper, which is then attached to a midsole to create the shape of th

Provisional figures provided by the Office of Textile Commissioner show staple fibre production in India dropped 3.6% year-on-year on January. The drop was due mostly to a fall in acrylic and viscose staple fibre production. The year-on-year drop in polyester staple fibre production also contributed towards the year-on-year drop in output. Polypropylene production increased and was the only group were performed well year-on-year in terms of growth. 108.71 million kg of recorded staple fibres

Britain's Prime Minister Theresa May visits textile producers Alex Begg during a tour of the United Kingdom, timed to coincide with one year until the United Kingdom leaves the European Union, in Ayr, Scotland, March 29, 2018. REUTERS/Russell Cheyne/Pool LONDON - British Prime Minister Theresa May Thursday marked the start of the one-year countdown to Brexit by embarking on a whistle-stop tour of England, Scotland, Wales and Northern Ireland. She had signed Article 50 exactly a year ago

Export earnings fell 1.38 percent year-on-year to $3.05 billion in March due to a decline in leather goods shipment. March's receipts fell short of the $3.16 billion target for the month, according to data from the Export Promotion Bureau (EPB). Leather and leather goods sector—the second largest export earner after garments—fetched $848.78 million in the July-March period, down 8.04 percent year-on-year. The shipment of leather and leather goods went down largely as the relocation of t