Cambodian garment export shipment to the European Union led the way in making up for a decrease in exports to the United States. In the first six month of the year, it witnessed nearly 20 percent increase, according to a new Ministry of Commerce report. As per report, outbound shipments from Cambodia brought in $3.9 billion for the first six months, as compared to the $3.28 billion for the same period in 2014. The rise was buoyed by a 32 percent increase in garments to the European Union, not

Around 300 textile units in the region have made separate representations to Prime Minister Narendra Modi listing out the immediate steps required from the government to support them remain competitive, as they are currently facing stiff competition in the global market. Textile entrepreneurs wanted the intervention of the Union Government to ensure speedy disbursal of subsidies under the Technology Upgradation Fund (TUFS). Prabhu Damodaran, secretary of Indian Texpreneurs Federation, an u

The Trans-Pacific Partnership (TPP) deal, which aims to liberalize commerce in 40 percent of the world's economy, was reached following days of negotiations in Atlanta on Monday. The deal is now pending approval by lawmakers in all TPP countries, which include Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the U.S. and Vietnam. If approved, the TPP pact would cut trade barriers and set common standards for what will be the world's largest free-trade zone

The textile industry in Indonesia is currently facing pressure from both inside and outside the country. The slowing economic growth of the country led to a decline in the people’s purchasing power causing lower demand for textile products in domestic market. Ade Sudrajat, chairman of Indonesia Textile Association (API), said that due to lack of demand, the factories cannot produce as the goods produced 2-3 months back are still in their warehouses. Most of these companies are small-scale wit

The Lao garment industry needs more than 10,000 tailors each year to supply local factories, but there remains a lack of skilled workers in the country. Meanwhile, new garment factories are also on the drawing boards to exploit growing exports to European Union (EU) nations but investors are still concerned about the short supply of local tailors.Vice President of Association of the Lao Garment Industry, Dr Xaybandith Rasphone explained that at present, there were 98 garment factories in the

Vietnam is about to sign some important trade deals including the Trans Pacific Partnership, the EU-Vietnam Trade Agreement, the Vietnam-Korea Free Trade Agreement, and has already signed an economic agreement with the Eurasian EcVietnam’s garments and textiles sector has put forward plans to grasp the opportunity and maintain its current growth rate.onomic Union.To gain the maximum benefit from these deals, Vietnam’s garments and textiles sector has put forward plans to grasp the opportunity an

H&M, the single largest buyer of garments from Bangladesh, is ‘dramatically behind schedule’ in making improvements in the factories it sources from, according to a study released October 1 by the Clean Clothes Campaign, in collaboration with several labour groups. The report only looked at H&M’s ‘Platinum’ and ‘Gold’ suppliers — the factories that supposedly boast the highest standards in labour and environmental protections. They account for 56 of the 229 factories H&M uses in

Commerce Minister Khurram Dastagir Khan has blamed the lack of value addition and rising cost of doing business for the falling exports. While addressing the opening ceremony of a four-day exhibition organised by Pakistan Carpet Manufac­turers and Exporters Association (PCMEA) on Tuesday, he said that the prime minister would announce a relief package for export oriented sector this week. The package would include reduction in cost of doing business, cut in power tariff and ease in loc

China's exports of textiles and garment surged 5.78% month-on-month in August to near US$ 28.83 billion, according the figures released by the General Administration of Customs on September 8. The exports of textile yarn, fabric and made-up goods edged up moderately over July to US$ 9.74 billion, while the exports of garment and accessories climbed 7.6% month-on-month to near US$ 19.09 billion. In January-August of 2015, China's exports of textiles and garment totaled about US$ 193.32 billio

German retail giant Lidl will increase its garment purchase from Bangladesh by 20 percent in 2015 as the company thinks the country is still competitive for low prices. In 2014, the company purchased 251 million pieces of apparel from Bangladesh, Markus Reinken, buying director of Lidl, said in an interview with The Daily Star in Narayanganj. Currently, the company purchases garments worth $700-$800 million from Bangladesh a year, said a company official. “Bangladesh is an important sou