Russia and Turkmenistan held discussions this week to explore possibilities of selling Turkmenistan's textile and cotton products in the Russian market, the Russian Chamber of Commerce and Industry said on its website. During the discussions, the Russian side was represented by the vice-president of the Chamber of Commerce and Industry Alexander Rybakov. Turkmenistan's delegation included its ambassador to Russia Berdymurad Redzhepov, representatives of the Cabinet of Ministers and the Minist

Pakistan’s cotton production during this season to March 1 has decline by 33.85 percent to 9.727 million bales due to pest attacks, inferior inputs and lowering yields which continues to hit the crop. In the same period of last year, it produced 14.705 million bales. According Pakistan Cotton Ginners Association (PCGA) figures issued on Thursday, cotton output reduced to 5.951 million bales in Punjab from 10.741 million bales harvested a year earlier. Sindh’s production dropped marginally to

A Pakistani delegation of 26 members lead by LCCI Senior Vice President Almas Hyder on their return from the six day visit to Iran to explore unmatched business opportunity , who also visit Tehran, Sheraz, Mashhad Chambers of Commerce & Industry, Qom Free Zone and Industries located in TUS Industrial Estate, Mashhad, apart from having B-2-B meetings with their Iranian counterparts and high government officials on their return said that there is high demand of textiles based products in Iran.

Vietnam currently ranks sixth among the biggest garment exporters to the EU, trailed by China, Bangladesh, Turkey, India and Cambodia, according to the Vietnam Textile and Apparel Association (Vitas). Last year, the EU imported US$3.11 billion of apparel products from Vietnam, up 5.01% in value and 3.21% in volume, and accounting for 3.45% of the EU market share. Despite a price reduction of 2.31% from a year earlier and lower price levels than Vietnam, Cambodia’s EU market shares were hig

ADIDAS aims to add 3,000 stores in China in the next five years to the current 9,000 nationwide as the German sportswear and apparel group expects emerging cities to contribute to over 60 percent of sales. “More than 60 percent of our sales increase will be coming from emerging cities in the next five years thanks to an increase in consumer purchases,” Colin Currie, managing director of Adidas Group China, said yesterday. The company’s sales in China rose 16 percent on a currency-neutral b

Diversification of jute products could help Bangladesh grab the foreign market and enter the new era of the country’s golden fibre, said trade analysts. “To revive the country’s jute sector, products need to be diversified with innovation taking market demand into consideration,” said Khondaker Golam Moazzem, additional research director at the local think thank Centre for Policy Dialogue. He stressed the need to participation of manufacturers in the expositions and to conduct research for

Prime Minister Sheikh Hasina yesterday declared that jute and jute goods will now be considered as agro-based products so that this foreign exchange-earning sector could get all the benefits country's other agro-based items get. "Jute is an agro-based product, but other products which have little relations with agriculture are getting special benefits as the agro-based products. But jute is not getting those benefits. This is unfortunate. Let me declare one thing, we'll consider jute as an ag

In a huge relief to Pakistani textile mills in the Punjab province which had been reeling under an energy crisis, Sui Northern Gas Pipeline Limited (SNGPL) has started supplying gas to the mills round-the-clock after almost six years. The announcement follows the arrival of the first liquefied natural gas (LNG) shipment from Qatar. Punjab textile mills, which were presently receiving gas just for four-six hours a day, started getting re-gasified liquid natural gas from Wednesday night at a co

International Affairs Adviser to Prime Minister Gowher Rizvi was addressing as the chief guest at the inauguration of a two-day Denim and Jeans.com Bangladesh show that displayed jeans and denim products along with fabrics to local and foreign jeans manufacturers in Dhaka yesterday urged foreign denim manufacturers to invest in Bangladesh’s denim sector as huge potential lied with the demand rising. Gowher said that Bangladesh has become a global player in manufacturing RMG products and there

The Chinese currency, the yuan, remained basically stable against a basket of other currencies in February though it fluctuated slightly, according to analysis by financial services provider China Foreign Exchange Trade System (CFETS). The yuan exchange rate composite index, which measures the yuan's strength relative to a basket of 13 currencies including the U.S. dollar, euro and Japanese yen, came in at 99.63 at the end of February. That marked a 0.52-percent depreciation from the level