The Vietnam after it signs the Trans Pacific Partnership (TPP), which includes member countries that make up 40 percent of the world’s trade to see the highest GDP growth rate changes among TPP members. It is forecasted that the GDP growth rate changes would be between 0.11 percent and 2.04 percent, according to the Vietnam Institute for Economic and Policy Research (VEPR), an arm of the Hanoi National University and Japanese Nagoya University. The researchers also believe that the investmen

Recently, an appraisal meeting was held in Lianyungang, Jiangsu Province, for the project named “Key Technologies and Industrialization of 1,000-t/a Dry-jet-wet-spinning Line for High-tenacity, High-tenacity-medium-modulus Carbon Fiber". Over the past few years, China has realized industrial production of general-purpose carbon fiber and basically satisfied certain part of demand on domestic market. However, with the rapid development of composite material market, general-purpose carbon fibe

A delegation of Ha Noi's textile, garment, leather and footwear enterprises joined an international fashion fair in Brno, the Czech Republic, starting on Saturday and continuing until today, as well as a seminar held by the Ha Noi Industry and Trade Department and Industry Czech Republic before the fair as they hoped to find more business opportunities in the textile, garment and footwear industries in Eastern European countries. The seminar was organized to encourage trade between Ha Noi and

Higher phutti (seed cotton) arrivals pushed cotton prices lower on Saturday where some millers continued to replenish their stocks. Floor brokers said that with the change in weather, cotton balls in Sindh cotton fields have started opening up which is resulting in higher arrivals of phutti. Phutti prices were Rs2,300-2,400 per 40kg in Sindh and Rs2,000-2,400 in Punjab. The Karachi Cotton Association (KCA) also cut its spot rates by Rs50, to Rs4,600 per maund. The following m

Pakistan Hosiery Manufacturers and Exporters Association (PHMA) has rejected the government's plan to impose import duty on cotton yarn saying it would pose negative impact on the value-added textile sector, the Pakistani media has reported. PHMA chairman Usman Jawaad observed that the Federal Board of Revenue (FBR) was considering the move in the name of 'protecting spinning sector'. He strongly opposed this move and said that PHMA stands with Pakistan Readymade Garments Manufacturers and

Cotton consumption in Bangladesh is set to increase 2.73 percent year-on-year to 5.65 million bales in fiscal 2015-16 on the back of higher demand from garment manufacturers, a US agency said in a report last week. Import of cotton will also increase to 5.55 million bales (480 pounds make a bale) in the current fiscal year from 5.40 million bales a year earlier, according to the United States Department of Agriculture. The USDA data also showed that the country will end this fiscal year wi

Representatives of the Confederation of Indian Textile Industry, South India Millers' Association, North Indian Millers Association, and Texprocil met in New Delhi on Monday to take stock of the situation faced by cotton spinning mills. Currently, the cotton spinning mills are facing crisis due to high input costs and subdued demand and thus decided to go slow on production. In the meeting, it was decided to appoint an agency to study the gravity of the situation, prepare a memorandum, and se

The Department of Revenue, Ministry of Finance, Government of India has imposed anti-dumping duty on imports of flax or linen fabric having flax content of more than 50 per cent, originating in or exported from China and Hong Kong. Through its Notification no. 39/2015-Customs (ADD), issued this month, the ministry imposes anti-dumping duty of $0.75 per metre of flax or linen fabric having flax content of more than 50 per cent, for goods originating in and exported from China, exclusive of Hon

Pakistan and Thailand have agreed on the Terms of Reference (ToRs) and the framework to begin negotiations on Free Trade Agreement (FTA) between the two countries, Pakistani newspapers have reported The announcement was made by Pakistan Commerce Minister Khurram Dastgir and Thai Minister for Commerce General Chatchai Sarikulya at the end of a two-day visit of the Thai trade delegation. “Pakistan and Thailand have agreed to launch negotiations for a comprehensive FTA which will initially co

Standing waist deep in a cotton field, Egyptian farmer Mohamed Khalil cannot mask his anger; after the agriculture ministry banned cotton imports to help local producers, the cabinet abruptly vetoed the idea - the latest in a series of economic policy U-turns and delays under President Abdel Fattah al-Sisi. "I can't believe this. Just weeks ago they said we wouldn't have to worry about imported cotton," said the white-turbaned farmer, who rents a plot from the state to grow high-quality cotton a