A container ship waits for departure at Qingdao Port. [Photo by Zhang Jingang/For China Daily] The recent US proposal to impose huge tariffs on Chinese imports may lead to China's retaliation and disruption of global trade, exposing the US economy to risks, say economists. Dr Nasser Saidi, former chief economist of the Dubai International Financial Center, told Xinhua by e-mail on Friday that US President Donald Trump kept his protectionist campaign promises by imposing tariffs on aluminu

By 2025, the fashion industry may not continue to remain the second-most polluting industry, according to Creativity Lifestyle and Sustainable Synergy (CLASS), a unique multi-platform hub based in Milan. In 10 years’ time, everything will have the responsible factor integrated, and new technology such as ‘formation-based’ will be more advanced. On the occasion of International Water Day on March 22, CLASS, with support from the Council of Fashion Designers of America (CFDA), has invited fashi

Pakistan’s fabric exports to Turkey has been affected after the latter increased duties from 6.4 per cent to 18-26.4 per cent, giving preferential treatment to Turkish industries and negating the spirit of free trade agreement (FTA) between the two, according to Syed M Ali Nasir, acting president of the Federation of Pakistan Chambers of Commerce & Industry. Signing an FTA without any benefit to the biggest export industry of the country will be an exercise in futility, a leading Pakista

The cotton market turned in lacklustre performance in the backdrop of steep fall in the rupee value against the dollar on Tuesday. Local markets were shaken by sharp fall in the rupee value, which would have direct impact on commodity prices, brokers said. The cotton market also gave listless conditions as ginners held back to their stocks anticipating to get higher prices in coming days. The slow phutti (seed cotton) arrivals indicated that the cotton season is at its fag end because dur

Pakistan’s textile exports recorded growth of 7.17 percent during eight months (July to February) of the ongoing financial year (2017-18). The country exported textile and clothing products worth $8.8 billion during July-February period of the year 2017-18 as against $8.2 billion of the corresponding period of the previous year, according to the Pakistan Bureau of Statistics (PBS). The growth in textile and clothing products exports enhanced the country’s overall exports to $14.8 billion duri

Egyptian Cotton is the most recognised cotton brand in the US, according to a recent consumer research report. The research was carried out by an independent US-based marketing agency, PBM, on a sample of 522 American consumers, who had recently purchased cotton goods. Egyptian cotton fibre is one of the best because of its length, strength, and softness. Egyptian Cotton was also the name most people associated with quality and were prepared to pay a premium for, ahead of Pima cotton, Turkis

The total availability of cotton in India during the current season is estimated at 441.81 lakh bales (of 170 kg each), minister of state for textiles Ajay Tamta has informed parliament. This includes the opening stock of 47.81 lakh bales plus production of 377 lakh bales and 17 lakh imported bales. The total domestic consumption is around 334 lakh bales. Following the rise in production, cotton export is estimated to increase by 15 per cent to 67 lakh bales in the 2017-18 marketing year, wh

Indian silk sector is witnessing a continual growth in recent years at an estimated cumulative annual growth rate of 6.40 percent based on the progress of silk sector during the last five years, said Minister of State for Textiles Ajay Tamta on Monday in a written reply in the Rajya Sabha. Tamta said that the Government of India has approved a project-based strategy for the North East Region under an umbrella scheme North East Region Textile Promotion Scheme (NERTPS)to boost the Silk sector i

Pakistan’s textile exports recorded growth of 7.17 percent during eight months (July to February) of the ongoing financial year (2017-18). The country exported textile and clothing products worth $8.8 billion during July-February period of the year 2017-18 as against $8.2 billion of the corresponding period of the previous year, according to the Pakistan Bureau of Statistics (PBS). The growth in textile and clothing products exports enhanced the country’s overall exports to $14.8 billion duri

Fibre production in India should match the projected doubled production of textile and clothing products by 2025, according to the country’s textile commissioner Kavita Gupta, who inaugurated the regional office of the Synthetic and Rayon Textiles Export Promotion Council in the premises of Southern India Mills’ Association (SIMA) in Coimbatore last week. With an apparel and textile industry revenue target worth $300 billion by 2025 and India’s cotton and synthetic fibre production at 6.5 bi