Despite uncertainty surrounding the Trans-Pacific Partnership agreement, foreign textile and garment firms are still investing heavily in Vietnam. In the northern province of Vinh Phuc, Hong Kong-based TAL Group officially launched a US$50 million project to manufacture fabrics, garments, and textiles last week. Located in Ba Thien Industrial Park (IP), the plant is expected to churn out 12 million products per year and create 3,500 jobs. This is TAL Group’s second project in Vietnam, afte

India’s cotton exports in 2016-17 are likely to fall 28 per cent from a year ago to 5 million bales as its top buyer Pakistan is set to halve purchases due to rising hostilities and improvement in its own production, industry and government officials said. The lower shipments to Pakistan from the world’s biggest cotton producer will help other suppliers such as Brazil, the United States and some African countries in raising exports. Pakistan is likely to import 1 million to 1.5 million bal

German technology can play a major role making the environment cleaner and increase energy efficiency of the textile industry, according to a discussion among the VDMA member companies during the opening of ongoing ITMA ASIA + CITME 2016, Asia's foremost trade fair dedicated to textile machinery, held in Shanghai, China, from October 21 to 25, 2016. The VDMA booth (H1F81) at the expo is the first contact point for visitors interested in German technology. Visitors can get a compact overview o

The Indian government has planned to conduct roadshows to boost the country's textile exports in various non-traditional markets such as South America, Russia and some countries in West Asia. Indian textile shipments have been declining and fell to $40 billion in 2015-16 from $41.4 billion in the previous year due to competition from other Asian nations. Competition from countries like Vietnam and Bangladesh has affected India's apparel exports. However, China is gradually losing ground in v

The value-added textile sector has stressed the need for formulating a new sector wise aggressive marketing plan to enhance exports, getting the maximum benefit of GSP Plus status, as the country is facing constant decline in the export. While addressing the Annual General Meeting, Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) Chairman Ijaz Khokhar said that the association has decided to devise a long-term aggressive strategy to get benefits of GSP Plus status.

THE central parity rate of the Chinese yuan weakened to a six-year low against the US dollar on Monday. The central parity rate of the Chinese currency renminbi, or the yuan, weakened 132 basis points to 6.7690 against the US dollar Monday, according to the China Foreign Exchange Trade System. It was the weakest level since September 2010 as increased market expectations for an interest rate hike in the United States led to a stronger dollar. In China's spot foreign exchange market, the

The Malaysian government has decided to terminate the anti-dumping duty imposed on the imports of polyethylene terephthalate (PET) originating in or exported from Thailand. The decision by the ministry of international trade and industry (MITI) is based on information gathered during the administrative review (expiry) investigation concerning such duties. On 20 April 2016, the Government of Malaysia initiated an administrative review (expiry) investigation concerning anti-dumping duties impos

Fila Korea Ltd is planning to build a new apparel development center in China and bolster its “Fila Heritage Line” as part of efforts to improve its brand awareness in the global fashion market. It is time to focus to enhance Fila’s 105-year “heritage,” Fila Korea Chairman and chief executive Yoon Yoon-soo said during the two-day global branding enhancement meeting “Fila 20th GCM 2016” that ended Tuesday in Seoul. To further increase its brand awareness in the global market, Yoon urged the c

All Pakistan Cotton Power looms Association (APCPA) have expressed grave concern over the decline of cloth exports and warned that the prevailing situation is yielding negative impact over the power looms Industry, which is facing serious financial crunch and unfavourable doing business environment in the country. Addressing the APCPA executive committee members, APCPA Chairman Choudhry Abdul Haq demanded that the government should be given special rebate to power looms Industry to control th

Although the world has been mired in sluggish economic growth, countries along the Belt and Road Initiative are bucking the trend. According to a report Wednesday by China's National Bureau of Statistics, despite a slight decline of trade volume overall, China's imports and exports with the Belt and Road countries have impressively increased over the last three quarters of 2016. China's exports to Pakistan, Russia, Poland, Bangladesh and India have increased by 14.9 percent, 14 percent, 11