Textile Briefs International


1. Ankur Textiles, Lifestyle Division of Arvind Limited, part of the US$ 1.7 billion textile to technology conglomerate, launches a wide range of modal, viscose, cotton Lycra blended fabrics. These include fabrics like Zoya, Glam and Glory, Blossom, Charm-me and Lilac which can be tailor-made into western and ethnic womenswear such as dresses, blouses and tunics.

2. Germany has overtaken the United States and become the largest export market for Bangladesh’s readymade garments. Due to strong economic activities in Europe, especially in Germany, and preferential treatment received by Bangladeshi exporters. Germany being Europe’s largest economy has become the largest market for Bangladeshi garment products.

3. The cost of locally made apparel in Bangladesh has increased but the export price has decreased, which is the biggest challenge of the local industry. Bangladesh’s competitors are getting special treatment in the USA and the EU through their bilateral and other regional trade agreements.

4. According to data from the U.S. Office of Textiles and Apparel (OTEXA), overall U.S. imports of textiles and apparel increased by 7.3% in July to 6.24 billion square meter equivalents (SME) compared to the previous fiscal period.

5. Australia’s cotton industry has celebrated its industry achievers with the presentation of the 2018 Australian Cotton Industry Awards with more than 1000 cotton growers and industry representatives recently gathered at the Gold Coast event, held as a part of Cotton Australia’s biennial conference.

6.  The US President Donald Trump is going to impose 10% tariffs on US$ 200 billion worth of Chinese imports, beginning from September 24 and those duties will rise to 25% on January 1, 2019. The Trump administration confirmed this information on September 17.

8. Turkey is one of the key producers of cotton yarn in the world. Approximately 85% of domestic consumption is met through domestic output. The production of cotton yarn in Turkey dropped to 1,127 thousand tonnes in 2016, which was 5% less than the year before. After the period of decline seen from 2008-2009, the production volume demonstrated a positive dynamic, however, it dropped again from 2015-2016. In terms of value, it stood at 3,312 million US$ or 2% more than the previous year.

 

 
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