The Department of Trade and Industry (DTI) of the Government of Philippines is seeking duty free access and preferential treatment for garments to be exported to the US, particularly apparel products that are manufactured from areas devastated by the typhoon ‘Yolanda’ (international name ‘Haiyan’). Gregory L Domingo, Secretary of DTI, told reporters that Philippines will ask the US Government to grant duty-free entry for some goods, especially apparel, produced in areas affected by the typhoo

Poor law and order, energy shortage and raw material price fluctuations have pulled down Pakistan''s towel export by over 8 percent in July-November 2013-14 to $289.464 million. The towel exports underwent a stiff phase of recession during July-October this fiscal year, as the manufacturers were unable to increase production because of a number of issues, Chairman Towel Manufacturers'' Association of Pakistan (TMAP)- south zone, Iftikhar Ahmed Malik, told Business Recorder on Saturday. Towel

Pakistan’s export of textile and clothing products witnessed a growth of over six per cent in the first five months of the current fiscal year from a year ago. Export proceeds from these sectors rebounded following a slight deceleration in export of raw cotton and low value-added products in the pervious months, showed data of Pakistan Bureau of Statistics here on Friday. In absolute terms, export of textile and clothing reached $5.684bn in July-Nov 2013 from $5.361bn during the correspond

Workers is seen working in a garment The country’s readymade garments saw 40% decline in orders for the spring-winter season as estimated by an industry leader. Orders for the fall season dropped substantially because the global buyers are reluctant to place orders as they lost confidence that the suppliers would be able to meet the shipment deadline due to political unrest, Shahidullah Azim told the Dhaka Tribune yesterday. The vice president of Bangladesh Garment Manufacturers and Ex

The cost of importing cotton into China next year will be only slightly higher, after Beijing adjusted its formula for calculating tariffs, but some traders said this would not clarify uncertainty over demand by the world's top cotton buyer. The official announcement confirmed changes leaked in a report on Friday by industry website cncotton.com. The news sent prices on US futures exchange ICE up to a seven-week high as traders saw the details as confirmation that Beijing will continue to is

Twenty new garment factories will be set up shortly, Investment Promotion Minister Lakshman Yapa Abeywardena said in Parliament yesterday. He said despite the deprivation of the quota system and GSP Plus benefit, the government has been able to uplift the garment industries sector. He noted there are 7,000 vacancies in the garment industries as at present. The Minister said with the collapse of the garment industry in Bangladesh, many companies were come forward to invest in Sri Lanka and

Country’s readymade garment sector achieved an export earnings growth of 20.73 per cent in July-November of the current financial year despite political turmoil. In the five months of the FY 2013-14, the RMG sector fetched $9.65 billion against $8 billion in the same period of the FY 2012-13. The overall export earnings of the country also grew by 18.02 per cent to $11.96 billion in July-November of the FY14 from $10.13 billion in the same period of the FY13, which is 2.86 per cent higher

More than 500 apparel units, small and medium in size, will face closure by February next due to sharp fall in orders from the global buyers, industry leaders said on Sunday. They said, the buyers continued to shift their focus from Bangladesh to other garments manufacturing countries in the wake of political crisis, resulting fall in export orders. "As many as 500 garment units are expected to face closure by February onward due to sharp fall in export orders," Vice-President of the Bangl

Rana Plaza collapse is one of the world’s worst industrial disasters in Bangladesh which claimed at least 1,132 lives. Star file photo. A group that includes Canada’s largest unions is urging Hudson’s Bay Co, Canadian Tire Corp and other Canadian-based retail companies to sign a European-led initiative to improve safety for garment workers in Bangladesh. Proponents of the Accord on Fire and Building Safety in Bangladesh say it is stronger than the US-led Alliance for Bangladesh Worker Safe

APTMA Punjab Chairman said uninterrupted gas supply would help increase textile exports by $1 billion every month. PHOTO: FILE Some three million textile workers will continue to work during the next three months due to the federal government’s decision to supply 100 million cubic feet of gas per day (mmcfd) to the textile industry in Punjab, said All Pakistan Textile Mills Association (Aptma) Punjab Chairman S M Tanveer. In previous years, the Punjab-based textile industry would have had