Although US cotton exports started slowly compared to recent years, they are on track to reach the forecast of 10 million bales for 2014/15 cotton season, the Foreign Agricultural Service of the United States Department of Agriculture (USDA) said in its November 2014 report on “Cotton: World Markets and Trends”. By the end of the first quarter of the current season on October 30, the total cotton exports by the US were just 12 percent of the forecast. One of the reasons for this slow start wa

To preserve and make full use of local culture and history, the Qingdao Traffic Business District authority renovated the century-old, State-owned No 6 Cotton Textile Factory into the M6 Virtual Reality Industrial Park, which has 16 virtual reality programs. "As well as business, we also cherish our culture, history and traditions as they are not only our invaluable wealth but also the humanistic foundation that can elevate the soft power of this area," said Liu Yungang, director at the devel

US Ambassador in Dhaka Dan W Mozena has strongly denied the allegations that Bangladesh pays tariff for apparel exports to the US market. “Bangladesh pays zero … zero … zero … zero tariff,” he firmly said, replying to a question at a meeting with the Economic Reporters Forum (ERF) held at the National Press Club in the city yesterday. His claim came as a surprise to Bangladeshi garment manufacturers and exporters as they have to pay an average of 16.5% tariff for apparel exports to US.

Central Chairman Aptma S M Tanveer has said that the industry would face complete closure in case the SNGPL fails to ensure regular gas supply to the production units during winter. He stated this while talking to media after welcoming the Managing Director SNGPL Arif Hameed to Aptma Punjab office along with his top management. Group leader Aptma Gohar Ejaz, Chairman Aptma Punjab Seth Muhammad Akbar, Central Vice Chairman Aptma Wisal A Monnoo and the managing committee members of the association

Export earnings took a hit of mainly inspection and compliance issues beginning from mid last year, as it saw negative growth last month. In October this year, overall export earnings declined by 7.7% to almost $2bn compared to $2.2bn in the same month a year earlier, according to the Export Promotion Bureau (EPB) data released yesterday. The figure is nearly 20% lower than the target of $2.5bn for the month. The export earnings from the readymade garments sector plunged for the second c

Japan wants to increase its investment in Bangladesh’s readymade garments, pharmaceuticals, automobiles and electronic manufacturing industries, said JETRO country representative Kei Kawano. He came up with the announcement after signing a Memorandum of Understanding (MoU) with Metropolitan Chamber of Commerce and Industry (MCCI) in Dhaka yesterday. Kei Kawano and MCCI President Rokia Afzal Rahman signed the MoU on behalf of their respective organisations, aimed at improving cooperation o

Pakistan Yarn Merchants Association (PYMA) Zonal Chairman M Akram Pasha, Central Chairman Qaisar Shamas Guccha and Zonal Vice-Chairman Adnan Zahid Butt have expressed grave concern over large scale imports of cotton yarn from India and have demanded enhancing regulatory duty to 10 percent and restricting of yarn imports. Talking to media persons here on Monday, they said the import of cotton yarn from India was negatively impacting the local textile industry, spinning sectors and yarn market

Bedwear export has plummeted by 20 per cent in dollar term while 26 per cent decline depicted in quantity, despite having GSP Plus status; observed by Federal Bureau of Statistics (FBS) in its latest statistics for September, 2014. According to Pakistan Bedwear Exporters Association (PBEA), the bedwear industry was expecting the decrease due to wrong policies of the government such as electricity and gas loadshedding, high bank mark-up rates and re-valuation of the rupee by the finance minister.

Indian apparel exports to the US has witnessed rise by 7.5% at 745 million square metres equivalent (msme) for the period January-September 2014 over the corresponding period last year, as per the latest data by the US Department of Commerce's Office of Textile and Apparel (OTEXA). Banking on shipments for the festive season in December and a reviving global economy, especially in the western markets like the US and Europe, the industry anticipate close to 10% growth in apparel exports to the

Pakistan Yarn Merchants Association (PYMA) has urged the government to enhancing regulatory duty to 1O percent and restricting of large scale of imports of yarn. Talking to newsmen, Qaisar Shamas Guccha, Central Chairman Pakistan Yarn Merchants Association (PYMA), M Akram Pasha. Chairman Punjab & KPK Zone & Adnan Zahid Butt, Zonal Vice Chairman have expressed serious concern over large scale imports of cotton yarn from India and said that the import of cotton yarn from India is negativel