government has taken a large project to upgrade production
technology of jute mills under $350 million foreign loans, in
view of the continued erosion of competitiveness of jute mills
in the country.
2. China remains
a world leader in textiles employing over 4.6 million people,
contributing a tenth of GDP and with exports, including apparel
amounting to US dollars 284 billion in 2015, according to data
from China's National Bureau of Statistics.
3. Uzbekistan, a
major cotton producing country has set a task to process all
cotton produced in the country into textiles by 2020, as against
40% of the cotton that is being processed currently and as
against 7% in 1991. As of date, the country exports textiles to
over 50 countries and more recently has begun exports to
Nigeria, Croatia, Chile and Brazil.
4. Turkey is
planing to impose 3% anti-dumping duty on U.S. cotton imports on
the pretext that imports are hurting domestic cotton production.
The industry feels that this measure will drive up the costs for
its own textile producers, hurting the competitiveness of their
5. World ending
stocks of cotton are forecast to decrease by 7% to 17.8 million
tonnes at the end of 2016-17 as China continues to reduce its
stocks. Ending stocks in China, dipped 13% to 11.3 million
tonnes as the government sold over 2 million tonnes. From
2009-10 to 2014-15, world ending stocks increased by 140% and
reached a world record of 22.2 million tonnes.
6. Several major
textile manufacturers are to make products in the US, echoing US
President Donald Trump’s pledge to push for goods labeled “Made
in the USA.” Everest Textile Co., is one such company that has
bought a plant in North Carolina and repurposed the production
lines, is scheduled to start production soon.
7. The US and
Japan imported garments and textile products worth US$15 billion
from Vietnam in 2016, the Vietnam Textile and Apparel
Association (Vitas) has said. This accounted for 53.5% of the
garment and textile sector’s export turnover of $28.3 billion
total exports to the United States declined last year compared
with 2015. According to figures from the Office of the US Trade
Representative, total exports from Cambodia to the United States
were more than $2.8 billion last year compared with more than
$3 billion in 2015 – a decline of about seven percent.
9. The exports
of apparel and textiles from the UK have increased by 7.05% to
GBP 9.1 billion in 2016, compared to exports of GBP 8.5 billion
in 2015. The European Union was the biggest market for UK's
textiles and apparel, accounting for 74% of all UK textile and