Pakistan’s exports of value-added textile products grew three per cent to $1.14 billion in the first quarter (July to September) of this fiscal year from $1.11bn a year ago, the Pakistan Bureau of Statistics said on Thursday. In the subsectors, exports of readymade garments were almost steady at $630.16 million compared to $629.67m, while those of knitwear rose by 6.7pc to $510.02m from $478.17m. The growth came mainly on the back of a Rs6bn subsidy the government extended to the sector la

Vietnamese enterprises expected to step up shipments to the U.S. and Japan with the tariff incentives offered by the TPP. Vietnam’s apparel is currently subject to 17-30% U.S. tariffs but the rates will be gradually brought down to 0% in the TPP. Textile-garment exports to the U.S. in the first nine month from January – Septment reached US$8.33 billion, up 13.6% year-on-year. The growth was higher than the sector’s average increase of 10%. The U.S. market was followed by Japan and South Korea

The 9th summit China-Latin America and Caribbean (LAC-CHINA) held at the Palace of Communication and Culture of Guadalajara, Mexico (13-15 October 2015), that recently concluded attracted with over 2,000 participants including nearly 1,500 entrepreneurs and Chinese investors from the textile industry, as per Haitian media reports. While the Directorate of Free Zones of the Ministry of Trade and Industry (DZF) has increased its contacts with Chinese operators in the sector, the National Socie

The global market for spandex has been witnessing a noticeable increase due to rising demand from the textile and apparel industry. Spandex fibers are used in a wide range of apparels such as competitive swimwear, cycling jerseys, leggings, and gloves. Spandex is generally mixed with synthetic and natural fiber such as polyester or cotton for clothing applications and contributes for a minimal percentage of the final fabric. In developed regions such as North America, spandex is mostly used i

Steady conditions prevailed on the cotton market on Wednesday where activity remained fairly brisk ahead of long closure on account of Ashura. Floor brokers said that many mills were active in replenishing their stocks to meet their near future demand. Major cities have already started witnessing a slowdown in commercial activity ahead of Ashura, they added. After the announcement of a relief package by the government, the textile industry by and large has started its normal operations and

Iran has historically been a major market for Italy’s textile machinery industry. However, international sanctions have ceased the movement of textile machineries to Iran. The recent nuclear agreement is expected to pave the way toward a competitive relaunching of the local textile industry. In order to strengthen its presence in Iran, ACIMIT (the Association of Italian Textile Machinery Manufacturers) will participate in the Italian trade mission in late November. Iran’s textile indus

India will be forced to make large-scale government cotton purchases from farmers for a second straight year, following a cut in imports by top buyer China that has depressed prices, industry officials said. India spent 160 billion rupees ($2.5 billion) to buy 8.7 million bales of cotton at a government-set minimum support price (MSP) in the marketing year that ended on Sept. 30, up from just 400,000 bales in the previous year. "During the peak supply season, prices will drop below the MSP

Indonesia's Customs and Excise Department would continue to confiscate any illegally imported textile products to protect the domestic industries, so that they remain viable, the government has said. "These smuggled products will damage the domestic industries because they could be easily produced at home and so they must be prevented (from entering the country)," an Indonesian news agency quoted Finance Minister Bambang Brodjonegoro as saying in Jakarta. The Finance Minister's comment cam

India's apparel exports supported by the expectations of increase in the global apparel trade and partly due to benefits of depreciated Indian rupee in 2015 are likely to increase to $18 billion and to $20 billion in 2016 as against $16.5 billion in 2014, according to a report from investment information and credit rating agency ICRA. However depreciated rupee is unlikely to remain as a sustainable advantage in long-term as India's market share in world's trade has not significantly changed d

Garment makers yesterday urged Accord and Alliance, two foreign factory-inspection agencies, to accept the inspection certificates issued locally to avoid repetition. A delegation of International Labour Organisation's Direct Contacts Mission (DCM), led by Karon Moanghan, deputy high court judge in the UK, held a meeting with BGMEA leaders to review the country's progresses in workplace safety and labour rights. The other members of the team are Coen Kompier, Al-Wreidat Amin and Siska Dubb