Authorities of HCMC will streamline procedures for household businesses to upgrade themselves to companies as part of a broader plan to have 500,000 enterprises registered citywide in 2020. The city will cover all fees for enterprise registration and conditional business licenses, help household businesses with tax code registration procedures, provide advice on trademark registration, create favorable conditions for enterprises to borrow from banks at low interest rates and support their sal

China's imports grew faster than exports in the first quarter, resulting in a 35.7-percent shrinking of trade surplus, customs data showed Thursday. Exports in yuan-denominated terms rose 14.8 percent year-on-year in the first quarter, while imports increased 31.1 percent. Foreign trade volume reached 6.2 trillion yuan (about $902.47 billion) in the first quarter, up 21.8 percent year-on-year, with a surplus of 454.94 billion yuan. Customs data reflected an improved structure of trade

Cotton crop, once called 'king' in Georgia, has the potential to compete with synthetic fibres and will continue to be economically and environmentally feasible in the future, according to a new University of Georgia survey. The survey was intended to find out current status of cotton production and whether its impact on environment can be minimised. The survey of the cotton industry was carried out by Shannon Parrish, a former graduate student at the UGA Tifton campus, for her master's degre

The 14th China International Polyester & Intermediates Forum will focus on topics pertaining to the polyamide industry. The event to be held in Shanghai from July 12-14, 2017, will cover themes like paraxylene, PTA/MEG, polyester filament/staple fiber, polyester chips of fiber/bottle grade, etc, as well as futures market among other things. The organisers China Chemical & Fiber Economic Information Network (CCFEI) and Tecnon OrbiChem have invited relevant government institutions, indu

Experts said the China-backed Belt and Road Initiative will create fresh business opportunities for the world, as well as tangible benefits. A seasoned lawyer in serving Belt and Road projects, Sean Prior, counsel at the law firm Mayer Brown JSM, is upbeat about the prospects of the initiative. "For the last few years, I have done a lot of work with Chinese developers and financiers in Asia, including Bangladesh, Pakistan and the Philippines, and all my clients from those countries agree

The Bavarian viscose speciality fibres manufacturer Kelheim Fibres will present its wide range of functional fibre products for technical applications, such as functional apparel and sportswear, at the upcoming Techtextil trade show, which will take place in Frankfurt, next month. At Techtextil, the company will present a constantly growing variety of well-established Kelheim brands includingDanufil, as well as other innovative new fibre developments. The company will exhibitOlea, the viscose

At a pre budget discussion with the National Board of Revenue (NBR), various trade bodies associated with the Bangladesh garment export industry put forth various demands. These included, reducing corporate tax to 10 per cent from existing 20 per cent and also exempting the apparel industry from tax at source for a minimum period of two years. Other demands made by various trade bodies were to allow import of pre-fabricated building material under bonded facility at zero duty to ensure workpl

GLOBAL trade has brought benefits from increased productivity to lower prices but governments have not adequately helped workers and communities hit hard by imports, the world’s top multilateral economic institutions said yesterday. In a report that serves as their answer to the Trump administration’s more protectionist trade stance, the International Monetary Fund, World Trade Organization and World Bank said an open trading system based on well-enforced rules was critical to world prosperit

Bangladesh jute goods exporters see no hope of withdrawal of anti-dumping duty imposed by India on import of jute goods from Bangladesh as the deadline for legal battle ended on April 5 with no local exporters, except one, filing appeal. On the other hand, the visit of prime minister Sheikh Hasina has not brought any hope for jute exporters as India did not make any specific decision on the issue, said sector leaders.The government will also have to wait for at least one year for seeking rev

The Alliance was formed to ensure work-place safety for garments workers in Bangladesh Allliance have completed 73% of all required repairs for their affiliated garments factories in Bangladesh, of which 64% were high priority repairs. Alliance Country Director and former US ambassador to Bangladesh James F Moriarty disclosed the information to journalists while addressing a press conference in Dhaka on Tuesday. After the Rana Plaza collapse in 2013, two dozen American retailers joined