1. Bangladesh will
have to improve the methods of using resources in the textile
sector if it intends to reach the target of $50 billion in the
readymade garments (RMG) exports.
2. China is the
world's top textile exporter, and due to smog that has blanketed
the north of the country, the cotton mills have stopped buying
raw cotton and have suspended output in Hebei and parts of
Shandong. These two Chinese provinces are major growing regions
for the fibre, according to a report by Cncotton.com, a government-backed
3. Data from the
Geneva-based International Trade Centre show that the value of
Indonesia’s apparel and clothing accessories exports declined by
almost 4% to US$3.3 billion in 2015 from 3.42 billion in 2014.
4. The size of
domestic Indian textile machinery industry is poised to touch
around Rs 320 to Rs 350 billion in the next five years from the
present Rs 220 billion according to India International Textile
Machinery Exhibitions Society (IITMES) Chairman Sanjiv Lathia.
5. Nearly 97% of
the world’s clothing manufacturing happens outside America. The
country’s shopping habits have changed dramatically. In 1965,
almost 95% of the clothing Americans purchased was made in the
US and today it is just over 2%.
6. Tanzania is
making efforts to protect its domestic textile market by
introducing them in local markets, instead of cheap imports from
other countries. Instead of dealing with second-hand clothes,
traders can start buying and selling locally manufactured
garments to earn better profits.
Ministry of Industry will help Spanish retailer Zara to speed up
localization of production in Russia, according to Deputy
Minister Viktor Evtukhov after a meeting in the ministry. "We
agreed to set up a project team in cooperation with Zara
employees and to help in finding reliable Russian partners,
which will make possible to perform accelerated localization of
production for items represented in Zara chain in Russia."
textile and garment industry has targeted a growth in exports of
roughly around 6.5 to 7% amounting to US$30 billion this year.
The development of the textile and garment market at home and
abroad are expected to improve due to growth in the US economy
and in consumption in the market despite the US opting out of
9. The United
States has formally pulled out of the Trans-Pacific Partnership
(TPP) trade deal. Acting US trade representative Maria Pagan has
informed the TPP's secretariat office in Wellington that the
United States does not intend to become a party to the
Trans-Pacific Partnership agreement.