Textile Briefs International


1. Bangladesh 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 exports.

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 last year.

8. Cambodia’s 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 apparel exports.

 

 
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