Over 11.571 million bales of cotton have arrived at various ginneries till March across the country showing an increase of 7.88 percent as compared to 10.725 million bales of last season, said a fortnightly report on Tuesday. The report was released by Pakistan Cotton Ginners Association (PCGA) with cooperation of All Pakistan Textile Mills Association (APTMA) and Karachi Cotton Association (KCA). According to the report, in the major cotton producing province of Punjab, total cotton arriv

Rhetoric in the global press about Colombia has long been fuelled by its politically strained past. Yet, it is the third richest country in Latin America, has a growing middle class and is a major exporter to the US with exports totalling US$13.8bn in 2016, following the US-Colombia Trade Agreement of a decade earlier. Textile and apparel products are a significant market for Colombia, both domestically and internationally. The country’s second-largest city, Medellin is considered to be the h

Revival of buying interest helped cotton prices move higher on Wednesday as some needy spinners rushed back to replenish their stocks. Some quality lots quoted at higher prices were readily picked up by spinners. Although some deals were materialised at Rs8,000 per maund, the Karachi Cotton Association (KCA) kept its spot rates steady at the overnight level. The ginners are also keen to dispose of their stocks fearing weight loss due to heatwave. According to market sources, around 1

Hennes and Mauritz (H&M) saw its profits plummet once again after unusually cold weather in key European markets brought sales of spring garments down, the Swedish retail giant said Tuesday as it released first quarter results. Net profits for the three months from January were down 44 percent to 1.37 billion Swedish kronor (135 million euros, $168 million) from 2.46 billion this time last year. In Germany, H&M's main market, sales were down six percent. In France, the high-street

The exporters are not much optimistic about the implementation of the Rs180 bn export enhancement package announced by prime minister Nawaz Sharif in December. The package allowed the 4-7 pc rebate to textile exporters across the value chain rewarding value-addition. Besides, imports of cotton and machinery for the industry was also made duty-free to encourage investment for boosting exports. Sohail Pasha, another exporter from Faisalabad, argued that this was the worst period for the textile

The largest market for cotton yarn China, has imposed around 3.5 per cent import duty on yarn from India under Asia pacific Trade Agreement (APTA), while duty free access is given to Vietnam.This has led to large capacity expansion in yarn manufacturing in Vietnam, which has surpassed India to become the largest supplier of cotton yarn to China.As a result, Indias cotton yarn exports to China have decreased by 49 per cent during 2013-14 and 2016-17, while Vietnams exports of cotton yarn to China

f there is one issue that is a key focus of the North American nonwovens sector this year, it has to be the renegotiation of the North American Free Trade Agreement (NAFTA) between the US, Canada, and Mexico. Tri-lateral talks have now reached their eighth round, with an objective of achieving a new deal by this summer, although observers believe this timescale might slip. Analysts believe that NAFTA will help to build bridges in the textile manufacturing sector With the conclusion of th

In the past years, Vietnam’s textile and garment sector achieved double-digit growth rates, with a total export turnover of more than US$31 billion in 2017, which is expected to reach US$34bn in 2018. Although Vietnam is the third largest garment exporter in the world, its brands have not yet found success at an international level, which would create high-added values. It is crucial for domestic enterprises to swiftly set out essential strategies for building strong brands as well as improvi

Both sides stand firm on WTO rules, have bigger room to cooperate, experts believe China and the European Union will have bigger room to cooperate and the nation could offer favorable policies to the EU in market access, experts said on Thursday. Sun Yongfu, former director-general of the Department European Affairs of the Ministry of Commerce, said China's massive market size remains attractive to the EU, and as the two sides stand firmly with the World Trade Organization, there will be b

The bilateral trade volume between Pakistan and the Chinese province of Zhejiang has hit $4 billion threshold, Li Yang, vice director of the Division of Foreign Trade Development from the Department of Commerce of Zhejiang Province said here on Thursday. Talking exclusively with Xinhua, Li Yang said that out of the total of $4 billion, the amount of export from China's Zhejiang province to Pakistan is $3.8 billion. Li Yang was speaking on the sidelines of the 19th Textile Asia 2018 Interna