Textile Briefs International


1. The Turkish home textile industry is the world’s fourth-largest supplier and the EU’s second largest supplier. In 2017, the total exports of home textile are recorded as US$ 3.6 billion out of US$ 25 billion of their apparels & RMG, according to Turkey Economy Ministry.

2. Indian Apparel Export Promotion Council (AEPC) welcomed the GST Council's decision to allow input tax credit refund, a long-pending demand of the textile industry, and thanked Union Textiles Minister Smriti Irani for taking up the issue.

3. Bangladesh's T&C exports in 2017-18 (July-June) perceived a growth of 8.9% totalling to US$ 32.87 billion over the previous fiscal for the same period. The growth was led by apparel exports, which account 93% of total T&C exports of the country.

4. Vietnam garment and textile sector happened to be the country’s second largest export earner last year after increasing by 17% to US$ 27.5 billion. Yet, the sector relied heavily on imported raw materials, said Vo Tan Thanh, Director of VCCI’s HCM City chapter.

5. A survey of 34 executives from leading US fashion companies last year found that, for the first time, fewer US brands were looking to China for products, even though the country remains the top sourcing destination for the industry worldwide.

6. Indonesia’s so-called first Islamic fashion school is teaching students in the world’s largest Muslim-majority country the usual skills of design, styling, and marketing. However, they are teaching many designs, which are not related to the Islamic faith that does not give permission to go outside a woman without proper cover maintaining Islamic rules.

7. Several agreements have been signed between Uzbekistan and Germany that will expand their bilateral cooperation and will help boost their exports of finished textile products to the European market.

8. Turkmenistan appeared as a key supplier of cotton yarn to Turkey. The volume of Turkish cotton yarn imports totalled 178 thousand tonnes in 2017, expanding by 25% over the last year. In value terms, imports increased by 20% to US$ 509 million.

 

 
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