Of the total export earnings in the July-May period of FY 2016-17, the RMG sector grew by 2.16% to contribute $25.62 billion, or 80.59% A fall in global demand for Bangladesh’s lucrative ready-made garments (RMG) sector caused a slowing in the rate of export earnings growth in the last fiscal year, data from the Export Promotion Bureau (EPB) has revealed. Although Bangladesh’s overall export earnings rose 3.67% rise in the first eleven months of Fiscal Year 2016-17 to hit $31.79 billion, t

The chairman of the All Pakistan Textile Mills Association (APTMA) on Sunday called for a more competitive business environment in the country to boost the country’s exports. “We want to compete with regional competitors such as India, Bangladesh, Sri Lanka and Vietnam," said the APTMA’s Secretary General Anisul Haq, adding enhancing the country’s exports would help achieve economic stability and growth. According to Mr Haq, Pakistan needed an export led growth for economic stability in

The AWI Wool Exchange Portal working group (WEP-WG) has endorsed the construction and implementation of a digital wool exchange platform for the long-term benefit of the Australian wool industry. The business case developed by the group has identified $38 million in consolidated industry benefits over the first 15 years of the digital selling platform. WEP-WG chairman, Will Wilson has presented the group's findings to the AWI Board -the main recommendation being to move to the "discovery pha

The six-nation East African Community (EAC) comprising Burundi, Kenya, Rwanda, South Sudan, Tanzania and Uganda has agreed to a three-year tax waiver of duties and value added tax (VAT) on textile raw materials, fabrics and accessories that are not available locally. This step is expected to reduce the cost of production and also boost local manufacturing. The three-year tax waiver was suggested in a report on the textiles and footwear sector, commissioned by the EAC. As per the EAC direct

Farmers have been advised to root out weeds from cotton fields to get good yield, said Agriculture Assistant Director Naveed Asmat Kohloon here on Saturday. He said that cotton is the most profitable and important fibre crop. The cotton contribution could be much larger but for weeds can infest cotton crop and reduce its yield by 13-45 per cent, he added. He further said that weed control through herbicides, mechanical or manual methods leads to environmental pollution and high production cost.

While Switzerland is mostly known in China for its luxury watches, young Swiss designers are also looking to build their names here. So, InnoFashion 2017, an event that celebrates fashion, design and textile innovation in China and Switzerland, was recently held at the Swiss embassy in Beijing to coincide with Swiss President Doris Leuthard's visit to China. The event showcased seven Swiss and Chinese brands: Julian Zigerli, YVY, Wuethrichfuerst, Akris, Wang Changrong, Roderic Wong and Pro

BOTH China's exports and imports surged in May, beating expectations, customs data showed Thursday. Exports in yuan-denominated terms hit 1.32 trillion yuan (about 194 billion U.S. dollars) last month, up 15.5 percent year on year, higher than market expectations and the 14.3 percent growth in April, according to the General Administration of Customs (GAC). Imports grew 22.1 percent in May, much faster than market forecasts and the 18.6 percent growth in April. This led to a monthly tra

The RMG sector earned $25.62bn with a 2.16% rise, but failed to reach its target of $27.38bn. Export earnings of the country rose to $31.79bn in the first 11 months of the FY 2016-17 from $30.66bn in the same period of the FY 2015-16. The number reflect a 3.67% increase in total export earnings. However, the latest Export Promotion Bureau (EPB) data showed a slower rise in earnings in the last month, when the country earned only $3.07bn. The figure is 8.52% less than the target of $3.3

The cotton market witnessed a listless trading session on Thurs­day as spinners kept themselves away from trading activities. The Karachi Cotton Association left its spot rate unchanged. A cotton broker said that the expectations to produce 15 million cotton bales this year did not seem to be fulfilled as the sowing in tail areas has been badly affected due to the unavailability of irrigation water. He said although the government has yet to announce its target for new crop, it will be

The leading position of China as the main supplier of textiles and apparel to the EU has continued to be eroded in 2016, by the increasingly vigorous entry of other production zones. Undeniably, the main beneficiary of this was the SAARC zone, which has grown slowly but steadily since 2010, according to the European Apparel and Textile Confederation. Mediterranean countries have experienced the same scenario as China between 2010 and 2015, but import shares have stabilised or even improved in