1. The European
Union has imposed new security screening on imports from
Bangladesh, a move that is likely to make it costlier for
businesses in the South Asian country to sell products to EU
nations. During the fiscal year 2015-16, the garment industry
exported $17.15 billion in goods to the EU accounting for 60
percent of the industry's exports.
Indonesian domestic textile products have continued to lose
their foothold in the domestic market over the past five years
as imported products control 70% of the country’s domestic
textile market, which is estimated to reach US$10 billion a year
leaving only 30% of the market for domestic products, as stated
by the Indonesian Textile Association ( API) chairman Ade
Ethiopia is aiming to generate the US $30 billion from the
export of garments and textiles by the year 2025, an ambitious
target for a country whose shipments are the only US $115
million during 2016-2017. The Ethiopian government is looking at
the textile and clothing supply chain as one of the country’s
key target areas for growth.
The Indian Union government has announced a Rs. 6,000 crore
special package for the textile and apparel sector. The package
aims to help in creating one crore jobs, mostly for women, in
the next three years, said Textiles Secretary Rashmi Verma.
The textile industry of India has urged the government to place
all products across the textile and apparel value chain under
the lowest slab of the Goods and Services Tax (GST). The
industry seeks 5% taxes without exemptions in order to avoid all
possibilities of tax evasion. The applicable rates are currently
between 5% and 7%.The Clothing Manufacturers Association of
India (CMAI) in a representation to the Commerce Ministry said
that the low GST rate for the textile sector will boost domestic
textile production and encourage voluntary compliance.
The Iranian apparel market is worth an estimated $12 billion per
year. Some $2.6 billion worth of clothes are imported into Iran
every year and according to members of apparel unions, twice
this amount is smuggled into the country. According to Director
General of the Association of Iran Textile Industries Mohammad
Mehdi Raeis-Zadeh, out of more than 90% of fake foreign brands
sold in only 25 to 30 brands have sales permits from the main
companies and/or their representatives.
7. The garment
industry in Myanmar earn about $1.836 billion in the financial
year 2016-17 that ended this March. According to the Ministry of
Commerce, Myanmar exports around 33% of its CMP products to
Japan, followed by 25% to EU. It also supplies clothing items to
South Korea, US and China.
In 2016, production of US man-made fibre and filament, textiles
and apparel shipments was around $75 billion, an 11% increase
from 2009, according to the National Council of Textile