Country’s textile and apparel export to the United States market grew by 1.10 per cent to $3.23 billion in the January-July period of this year compared with that of $3.19 billion registered in the same period of 2015. In the January-July period last year, the RMG export growth in the market was 8.51 percent. Experts and exporters, however, said that the recent slow growth in the export to the US market was not a concern for Bangladesh as the downward trend was caused by fallout from a dec

Bangladesh’s processed leather export earnings fell for the second consecutive year as the country received $278m last fiscal year which is 30% less than the previous year’s Exporters attributed the fall to the international buyers’ reluctance to source from non-compliant tanneries. Industry people said the country has a large stock of processed leather at the warehouses while the Eid-ul-Azha, the Muslims’ occasion of sacrificing animals, is approaching. About 70% of rawhide are collect

Bed wear exports from the country posted 5.64 percent increase during the first month of current financial year as compared to the exports of the corresponding month of last financial year. About 27,183 metric tons of bed wear worth US $167.665 million were exported during the month of July, 2015 as compared the exports of 24,644 metric tons valuing US $158.71 million of same month of the last year. According the data of Pakistan Bureau of Statistics, bed wear exports during month of June,

The H&M Foundation’s Global Change Awards now in its second year take on one of the biggest challenges facing the fashion industry today – creating clothes for a growing population, while improving its impact on the environment. The foundation is offering a million euro grant for innovators with ideas about how to make fashion more sustainable. Last year’s winning ideas include clothing made of citrus by-products, microbes that digest waste polyester and an online marketplace for textile

India, the world’s largest producer of cotton this year due to winged pests and droughts is on track to double its cotton imports. India is looking overseas for cotton as its own production is expected to fall by 12% to 33.8 million bales in the year ending Sept. 30, according to India’s Cotton Advisory Board, a body of government officials, growers, traders and exporters. An Indian bale is about 374 pounds, smaller than the U.S. bale at roughly 500 pounds. B. K. Mishra, chairman of the Co

The U.S. economy grew at an annual rate of 1.1 percent in the second quarter this year, down from a previous estimate of 1.2 percent, the Commerce Department said Friday. The moderate growth in the second quarter followed a sluggish pace of 0.8 percent in the first quarter, underscoring the weak performance of the world's largest economy in the first half of 2016. "The acceleration in real GDP (gross domestic product) in the second quarter primarily reflected an acceleration in PCE (person

Policymakers still have ample ammunition to use if they need it China's economic growth stabilized in the first half of this year, with initial signs showing it could continue to be stable during the rest of the year, say analysts. Even though the country's GDP growth dipped to 6.7 per-cent year-on-year in the first six months, according to the National Bureau of Statistics, fixed-asset investment grew 9 percent year-on-year in the same period and retail sales increased by 10.3 percent. A

The cotton market came under pressure on Wednesday in line with global trend where most of the leading markets witnessed fresh downslide owing to higher cotton production estimates for India and the United States. The last three days’ upward drive vanished as reports from world cotton markets of price crash reached the domestic cotton market. The cotton prices in ready trading fell by between Rs150 and Rs200 per maund (around 37 kilograms) and official spot rates were down Rs100 per maund.

Made-in-Rwanda campaign launched in 2014 might be slowed down if more incentives are not introduced by the Government to promote locally manufactured clothes. As heavy custom duties are hampering the campaign as the Government moves to phase out used clothes, textiles manufacturers, according to industrialists. They single out the 25 percent levy charged on imported raw materials on top of the 18 percent Value Added Tax (VAT). This, according to the textiles players, is one of the biggest chall

Indonesia in terms of textile and garment production as well as export which currently ranks tenth (controlling a global market share of 1.8 percent) far behind China is preparing several incentives including tax incentives and lower gas prices for export-oriented textile companies that should bring Indonesia in the top five rank of the world’s largest textile and textile products export in the next couple of years. Airlangga Hartarto, Indonesian Industry Minister, said that Indonesia needs t