Textile Briefs International


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 trade website.

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.

7. Russian 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."

8. Vietnam’s 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 theTPP.

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.

 

 
Copyright 2017 Ptj.com.pk   Design: PTJ Graphics