textile and apparel industries received $408 million in foreign
direct investment (FDI) in 2018, down by $13 million from the
previous year. While total FDI in the country saw a 68% rise to
$3.61 billion in the same year.
delegation from BGMEA, urged Canadian authorities and lawmakers
that country to extend duty-free access provision to Bangladeshi
readymade garment (RMG) products after the nation graduates from
the least developed country (LDC) status in December 2023.
from the Chinese Academy of Agricultural Sciences (CAAS), a
national agricultural research institution in China, have
identified a new gene related to cotton Verticillium Wilt, one
of the major cotton diseases. Verticillium Wilt is caused by the
fungal Verticillium dahlia.
wants to become the next textile hub as the Egyptian Government
has provided a budget of 21,000 million Egyptian pounds (1,160
million euros) for a plan to boost textile production in the
country, with the aim of becoming the largest factory of fabrics
on the planet.
Development Minister Gerd Müller has said the new initiative
guarantees a responsible supply chain. The new scheme is meant
to ensure that consumers can purchase clothing that has achieved
certain social and environmental standards, including a minimum
wage for textile workers and a ban on child labor, as well as
the use of certain chemicals and air pollutants.
recently notified the World Trade Organisation’s (WTO) Committee
on Safeguards that it initiated on September 18 three safeguard
investigations—the first on fabrics; the second on yarn (other
than sewing thread) of synthetic and artificial staple fibers;
and the third on curtains (including drapes), interior blinds,
bed valances, and other furnishing items.
garment sector is on track to meet a target of $10 billion in
exports, according to the Myanmar Garment Entrepreneurs
Association (MGEA), which had laid out the target and a goal to
create one million jobs under the Myanmar Garment Industry
Strategic Plan 2014-2024.
has set a target to produce up to 450,000 metric tonnes of
cotton in three years as part of efforts to revive the domestic
textile and garment industry, according to the Central Bank of
Nigeria, whose governor Godwin Emefiele recently said around
300,000 farmers will be engaged to achieve this in 26 out of the
36 states in the country.
from the Philippines are eager to develop economic ties between
their country and Bangladesh, a promising market according to
them, they expressed at a seminar on bilateral trade and
investment organized by the Dhaka Chamber of Commerce & Industry
(DCCI) and the Bangladesh Philippines Chamber of Commerce and
Industry (BPCCI) in Dhaka recently.