Garment shipment to the US, the country's single largest export destination, declined 7.47 percent year-on-year to $5.2 billion in 2016-17 largely because of higher duty, longer lead-time, and lower prices. Apparel exporters also blamed the appreciation of the local currency against the American greenback, less imports by US retailers and inefficient port operations in Bangladesh, for the fall in garment exports. Exporters say Bangladesh's garments are less attractive to US customers as co

Most trades in the Brazilian cotton market were limited to small volumes in July. Although sellers were more flexible regarding asking prices, purchasers were not interested in trading in the spot market, bidding prices lower than those asked by sellers. Besides, active processors were complaining about the quality of the available cotton. Between June 30 and July 31, the CEPEA/ESALQ Index, 8-day payment terms, for cotton type 41-4, delivered in São Paulo, dropped 7.3 per cent, closing at 2.4

The Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has urged the Pakistan Government to reduce the tariff rates on natural gas and power used by the textile industry at par with regional rivals to make the country’s export competitive in global market. At present Pakistan’s cost of production is PKR 3/unit higher than its competitors. FPCCI vice president Saquib Fayyaz Magoon urged Pakistan’s finance minister Muhammad Ishaq Dar and Ministry of Textile Industry (MOTI) secre

Tintex, a leading developer of sustainable jersey fabrics, will present innovative fabrics from its range of Autumn Winter 2019 Jersey at Munich Fabric Start. These fabric styles will display the contemporary designs in fashion, athliesure, sports and lingerie markets through a dedicated commitment to eco-responsible processes and materials. The three day international trade show will kick off from September 5, 2017. This year's autumn range will showcase more than 80 new qualities and styles

The Uttar Pradesh (UP) government is working on offering a gamut of incentives to investors in the textile sector and likely to announce those in the form a policy for textile, handloom and silk industries in the near future. According to the state’s textile minister Satyadev Pachauri, the policy is being finalised and the state cabinet will approve it soon. As per the draft textile policy, special incentives will be offered to investors in Bundelkhand, eastern UP and central UP and western U

ACIMIT, the Association of Italian Textile Machinery Manufacturers driven by a strong performance from the domestic market has recorded a significant growth in the order index for textile machinery during the period from April to June 2017. Specifically, there was a significant increase in orders for the domestic market, where the index stood at an absolute value of 92.9 points (+66% over April-June 2016). In foreign markets, the increase amounted to 22%, and the absolute value of the index s

Vietnamese domestic garment and textile companies have, for the foremost half, ignored on the much-touted edges of trade agreements (FTAs) that was signed by the country, experts aforesaid at seminar yesterday. Vietnam has signed twelve trade agreements, of that ten FTAs have inherit force: VN-ASEAN, ASEAN-India, ASEAN-Australia-New Sjaelland, ASEAN-South Korea, ASEAN-China, ASEAN-Japan, Vietnam-Chile, Vietnam-Japan, Vietnam-South Korea and Vietnam- Eurasian Economic Union, said Nguyễn

Vietnamese domestic garment and textile companies have, for the foremost half, ignored on the much-touted edges of trade agreements (FTAs) that was signed by the country, experts aforesaid at seminar yesterday. Vietnam has signed twelve trade agreements, of that ten FTAs have inherit force: VN-ASEAN, ASEAN-India, ASEAN-Australia-New Sjaelland, ASEAN-South Korea, ASEAN-China, ASEAN-Japan, Vietnam-Chile, Vietnam-Japan, Vietnam-South Korea and Vietnam- Eurasian Economic Union, said Nguyễn

The Haryana government based on the requirements and suggestions of the industry has formulated a new textiles policy which will be soon implemented in the state, said state Industries and Commerce Minister Vipul Goel while addressing industrialists at the 'Samadhan Divas Samaroh' in Panipat. He added that many times the fate of the country has been decided in this holy region and many battles have been fought here for justice. Thus the state government will also ensure full justice with the

Clearing the air over whether sarees will be treated as garments or fabric, the Central Board of Excise and Customs (CBEC) said that sarees are treated as fabric and it remains so even after embroidery etc as no new item emerges having a distinct name, character and use. Hence, all designer, embroidered sarees or otherwise value added will attract a 5% goods and services tax. Infact, sarees, embroidered or not, would be taxed at the same rate at which the fabric is taxed, the CBEC explained.