A major exporter of jute to Europe, the country has now shrunk to producing only 17,000 tonnes of jute. The jute industry has been dropped from the government’s priority list even though demand for more ecological packaging globally has strengthened its export potential. The government has also removed subsidies on fertilizers, seeds and pond construction. Import of jute to India have also come to a complete halt for the last two weeks after Indian customs authorities abruptly imposed a 12.5

Cotton is Uganda’s third largest export crop after coffee and tea, as well as the main source of income for some 250,000 households. After the Ugandan government launching a campaign to support cotton and other local industries many of the farmers, hopes are high that the industry would embrace a boom. Before the onset of stiff competition from Asia, Uganda’s textile industry had been a flourishing industry way back to the 1960s. There were structures and systems right from growing to marketi

As the local crop of Sindh-Balochistan zone is likely to remain low this year to 11.25 million bales against the requirement of 14.5 million bales. The All Pakistan Textile Mills Association (APTMA) seeks immediate withdrawal of four percent import duty on raw cotton by the government. Since it is clear that the local crop is short of the requirements of the industry, it is necessary that timely action may be taken so that the exports of the country do not suffer any further. It is not possib

Taiwan Paiho will invest $50 million into a plant in Vietnam to produce jacquard fabrics for shoes, according to news site taipeitimes.com. The plant is scheduled to start operation in the fourth quarter of next year. Taiwan Paiho Ltd. manufactures shoelaces and elastic tape. The Vietnamese plant would be operated by subsidiary Paiho Shih Holdings Corp. and the plant would produce mainly jacquard warp-knitted fabrics for global customers, the firm said. Earlier this month, Paiho Shih si

Donald Trump, who takes office as the 45th US President on January 20, 2017, is against the TPP because of concern about jobs for US citizens, as thevdomestic industry will have to compete with imports from TPP countries. The US is now the biggest export market for Vietnam which consumes 50 percent of Vietnam’s total textile & garment export turnover. In October 2016 alone, Vietnam exported $9.476 billion worth of textile & garment products to the US. If TPP takes effect, analys

Textiles are often regarded as one of Vietnam’s key export sectors with an average annual growth rate of 15% during 2010-2015. However, it is also faced with a range of challenges, of which the most recent challenge stems down to labour in the country no longer being as cheap as it once was. In 2015, though the sector only recorded a growth of more than 10%, total textile exports still reached US$27.5 billion. In 2016, the sector targeted a growth of about 10-15%, with exports expected to

The overall textile exports continued to present a dismal look for another year ending December 31, 2016 as the industry rendered unviable by the high cost of doing business as a consequence of which textile exports fell further by $600 million. Total exports are apprehended to fall by $1.2 billion in the current year as per the present trend. Foreign exchange receipts on trade account are important to be revived and given a new impetus to arrest the country’s trade deficit that has swelled t

The agriculture department has devised a strategy on modern lines and latest research to obtain record production of cotton. According to the agriculture department sources, the strategy would have four phases. The first phase would consist of steps before cultivation, the second during cultivation, third during development of flower and fruit while the last one would consist of steps after picking. The strategy would help cotton growers to make better yield of crop besides making them aware

In the five years from 2010 to 2015, the Vietnam textile industry held a growth rate of export value at 15 percent per year. This year export value is expected to reach $29 billion. The target in export value was much lower than the figures in reality and the development plan was not suitable with the real development of the industry. The textile and garment industry was slated to reach US$20 billion in export value in 2015, but the industry hit an export value of $27.5 billion. The Vietna

Although China cannot solely lift the world economy out its current malaise, the nation's current stable growth offers more than just confidence to the world. Despite a troublesome start and headwinds from home and abroad, the Chinese economy ends 2016 on a firm footing, and it looks like growth targets for this year will be met. "Seeking progress while maintaining stability" is the main theme of next year's economic work, as China pledges to ensure its economy operates within a reasonab