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  • Indian textiles minister Smriti Irani recently urged the apparel industry to provide the commerce ministry with market intelligence and port-wise details of dumping to fight anti-dumping in the apparel segment and prepare a clear case in line with World Trade Organisation (WTO) norms. Dumping of fabrics from China has always been a challenge, she said. At an event organised by the Chennai Citizens Forum, Irani said handlooms and handicrafts are another focus area for the government but the l
  • The clothing and home category of M&S has recorded revenue of £1,192 million for 13 weeks till December 2017. International revenue of the segment went down, reflecting the completion of the planned closure of owned stores in loss-making markets. However, in retained, owned and franchise markets, constant currency revenue increased by 6.5 per cent. "In clothing & home, we continued with our strategy of restoring price integrity and improving everyday value. Our revenue grew both in-s
  • Strong need to impose safeguards such as Rules of Origin on nations like Bangladesh and Sri Lanka that had free trade agreements with India to prevent cheaper fabrics produced from countries like China routed through these countries. Imports of yarn, fabrics and made-up articles during December last year rose 20% compared with December 2016, as per the Ministry of Commerce and Industry data. The export data of Bangladesh showed India imported garments worth $111.3 million during July-December
  • A China-Latin America forum for cooperation is helping to promote integration among Latin American countries through infrastructure projects, according to an expert. Evandro Menezes Carvalho, director of China studies at the Brazilian think tank Getulio Vargas Foundation (FGV), spoke with Xinhua about the upcoming second ministerial meeting for the China and the Forum of Community of Latin American and Caribbean States (CELAC), also known as the China-CELAC Forum. "Previously, not much tho
  • Bilateral trade between Myanmar and China hit $7.42 billion in the first eight months (April-November) of the present fiscal year 2017-18, official Global New Light of Myanmar reported Monday. Myanmar's exports to neighboring China took $3.42 billion while its imports represented $4 billion, the Ministry of Commerce was quoted as saying. In last FY 2016-17, bilateral trade between the two countries was $10.8 billion. Myanmar usually trades with China via Muse, Lweje, Kanpikete, Chinshwe
  • Value-added textile export sector representative has urged the prime minister to abolish all duties and taxes on cotton yarn import, saying it would help earn much-needed foreign exchange for the country and reduce trade gap which reached $18 billion during July-Dec period of FY2017-18. Muhammad Jawed Bilwani, chairman Pakistan Apparel Forum and chief coordinator value-added textile export sector , said that value-added textile export sector has the largest share in the total textile exports
  • Iran’s textile and leather sector’s exports value have increased by 18 percent to $908 million during the first eight months of the current fiscal year (started March 20, 2017). The sector covers textile and clothing products, shoe and leather products as well as carpet, according to Masoud Kamali Ardakani, director general of Trade Promotion Organization of Iran(TPOI) for exports development. Iran exported $279 million worth of textile (23 percent increase) and clothing products‎ (32 p
  • The cancellations of export contracts and higher local prices could cut India's exports to 5 million bales, each of 170kg, in the 2017/18 marketing year started on 1 October—nearly a quarter below an initial estimate, said the president of Cotton Association of India, Atul Ganatra. Indian cotton traders have cancelled contracts to export some 400,000 bales of the fibre after a rally in domestic prices and the rising rupee made overseas sales unattractive. Prices surged more than 15% in the
  • Gujarat Chamber of Commerce and Industry (GCCI) had a meeting on Wednesday with Bangladesh deputy high commissioner, Mohammad Lutfor Rahmam at the GCCI premises to discuss the possibilities of exploring a business collaboration in the textile sector of Bangladesh. Shailesh Patwari, president of GCCI said that they are organizing a global textile summit in Ahmedabad this March and has invited Bangladesh to become a partner country for the same. As both countries are at the forefront of the
  • Slow moving trading activity was seen at cotton market on Wednesday as leading buyers withdrew to the sidelines in the backdrop of falling world cotton prices. The lack of buying interest from leading spinners further pushed cotton prices lower. However, ginners on their part remained steadfast and were not deterred with falling prices. At the Karachi Cotton Association (KCA) spot rates were adjusted downward to Rs7,500 per maund. The following deals were reported to have materialised on r
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