Germany is the country where most Spanish apparel firms plan to expand this year in Europe. This was one of the conclusions of the 2013 edition of Fashion Business Barometer in Spain, a study sponsored by vente-privee.com and developed by Modaes.es, based on the data provided by about 300 companies. The report ‘Fashion Business in Spain’ was presented at Isem Fashion Business School at University of Navarra. In 2012, exports averaged to 45 percent of turnover of all companies and the forec

Prime Minister Sheikh Hasina on Thursday called upon the international buyers to play their due role in helping Bangladesh garment industries to follow compliance in the sector by raising product prices, reports UNB. "The international buyers could help Bangladesh garment industries follow compliance in the sector through increasing product prices," she said. She came up with the view when British MPs Rushanara Ali and Shabana Mahmood met her at her official residence Ganobhaban in the eve

Inclusion of Nepali garments and pashmina in the United States Generalised System of Preference (GSP) facility could help triple the total export figure of these products within three years, say exporters. On an average, annual export of garments and pashmina products to third countries is worth Rs six billion but exporters believe that the export of these products will jump to Rs 18 billion within three years once the US approves the GSP facility for these two products. During its heyday

Three years ago, Chinese businessmen, when asked if they would make investment in Vietnam, all said “no.” However, they have changed their mind. Vietnam’s TPP membership would bring benefits to China The 19th negotiation for the Trans Pacific Partnership (TPP) agreement ended in Brunei with no further progress made. However, economists all are certain about Vietnam joining the agreement. While Vietnamese enterprises still have not got ready for TPP, the neighbor China ha

US cotton exporters met with their Vietnamese customers in Ho Chi Minh City on September 11 to seek ways to step up cooperation. The participants come from the Vietnam Cotton and Spinning Association (VCOSA), the Vietnam Textile and Apparel Association and the US Staple Cotton Cooperative Association. With garment and textile being a key export staple, the demand for cotton in Vietnam is increasing fast. The country imported 420,000 tonnes of cotton last year, putting it in the top ten c

Consistent recovery of the rupee in the last few days, with the currency hitting a three-week best of 63.38 against the dollar on Wednesday, has finally brought some relief and hope to the knitwear exporters in Tirupur cluster. Though the initial depreciation of the rupee gave a measure of short-term benefits to the knitwear exporters in the region, in the form of better returns on the sale value, the deep slide of rupee against major foreign currencies in the last few months started creating

Bangladesh is moving fast to become the number one denim jeans and cotton trousers exporter in the globe as retailers of such items are coming here with growing orders bypassing China, garment manufacturers said. They said export orders for denim goods have surged by 25 per cent over eight months of the calendar year, indicating that the country, whose economy highly depends on readymade garment (RMG) products, is about to cross number one China in export of such goods. "Denim goods are e

Chang Shin Vietnam Co. Ltd, which manufactures Nike shoes for export, has announced it will expand its Long Thanh district factory in Dong Nai province to cash in on bulk orders next year. Chang Shin Vietnam General Director Woo Bang said the US$12 million expansion project is expected to generate an additional 1,800 jobs for local people. He noted that in defiance of the global economy’s sluggish recovery, Nike Group still persisted with transferring its Indonesian and Chinese export prod

India could slap a 10 percent duty on cotton exports as early as Thursday as it wants to boost overseas sales of value-added textiles to take advantage of a weak rupee and help reduce a yawning current account deficit, government sources and industry officials said. It hopes the tax would encourage the sale of more cotton in domestic markets, which would be used to make textiles and garments that could be shipped overseas, generating more money than simple cotton exports. India, the second

The European Commission, which is in the final stages of a review of the current EU organic legislation, has decided that the legal basis of its organic regulation should not be extended to cover textiles. As part of its latest review of the sale, farming and marketing of organic consumer products in the EU, the European Commission's Directorate-General for Agriculture and Rural Development has decided against including textiles as part of its regulations. During its latest review the EU