The EU and Vietnam have reached an agreement on a free trade deal that will remove nearly all tariffs on commerce between the two economies and contribute to further market access, albeit with long transition periods for certain products. Although most economic experts believe that the deal concluded and set to come into force in 2018 is a good agreement, they also note that there are many issues that find the pact out of tune with today’s business reality. Most notably the terms call for

With mid-range prices, and a design center and workshop in Brazil, Vascara has great advantages in the Vietnamese market. As the brand has become better known to youth in Vietnam, Vascara has opened over 80 shops in large cities and provinces. More and more 100 percent Vietnamese brands have appeared in the market recently. However, the investors prove to be wise enough to give ‘western’ names to their brands, such as Dolly, Juno, Sablanca, Bejo, Mirrabella, Hodono and Evashoes, to avoid repe

Hinting that the textile industry is expected to have an uniform GST rate, Union Textile Minister Smriti Irani on Friday said that a conference will be held soon to decide on the issue. Responding to pleas at a meeting of textile industries associations and stakeholders here, for fixing five per cent GST rate, the lowest slab for the industry, Irani assured that there would be neutrality in the rate. However, a conference on GST to be held soon, will decide the rate, she said. Later, t

The exports of value-added textile products recorded 68.63 percent increase to $1.062 million in March 2017 as compared to February 2017. According to statistics there was 6.11 percent increase in the export of value-added textile products in March 2017 as compared to the corresponding period of last year. A representative of textile industry said exports have started having the positive impact of the package announced by Prime Minister Muhammad Nawaz Sharif. The Duty Drawback of Taxe

Coats, the world’s leading industrial thread and yarn manufacturer, is set to supply Caterpillar Inc., the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives, with braid material. The Coats braid material is supplied for use in wiring harness systems. The main product Coats is supplying is Aptan XTRU, an innovative, high tenacity, coated engineered yarn specifically designed to braid a pro

With exports of textile and textile products rising in Indonesia, the Government there is trying to revitalise the sector by introducing new machines and equipment and issuing economic policy packages. There are also plans for a special regulation on fiscal incentives in the form of fiscal allowance for export oriented labour intensive industry. Industrialists would have income tax discounts for business expansion under the incentives planned, an Indonesian news agency report said. Indones

Textile and clothing exports rose 6.2 per cent year-on-year to $1.064 billion in March, mainly driven by value-added products such as garments, the Pakistan Bureau of Statistics said on Monday. The increase in export proceeds was also evident in rupee terms. The data for the month shows that exports of value-added products grew during the month, both in terms of value and quantity. Product-wise details show that exports of readymade garments rose 19.5pc while that of knitwear grew 5.4pc in

The combined social and environmental costs of Fairtrade cotton farming are five times lower than that of conventional farming, according to a study in India, one of the world’s largest producers of cotton. Data showed that the impacts of Fairtrade farming were 97 per cent lower for social elements and 31 per cent lower for environmental components studied. The new research by Fairtrade aimed to provide fashion brands with a useful new tool to enhance visibility of their cotton sourcing and d

After a period of stagnation, capital inflows into the textile and garment industry have started pouring back, continuing to expand existing projects, with a focus on deeper exploitation of existing export markets. The biggest increase in investment capital in the textile and garment sector in the year so far is the expansion of the plant to manufacture polyester fibre products by Taiwanese Polytex Far Eastern Group in Binh Duong Province. This investor has been granted a license to increase

Rising star Pyper America Smith has been named the face of Superga’s spring-summer 2017 campaign. Photographed outdoors, the blonde beauty looks perfectly laid-back in the sneaker brand’s latest styles. Pyper America models on-trend color ways ranging from classic white sneakers to rose gold metallic hues. Discover more from Superga’s spring campaign below. Source: Fashion Gone Rogue.