Textile Briefs International

1.  Bangladesh 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.

2.  A 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.

3.  Scientists 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.

4.  Egypt 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.

5.  German 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.

6.  Indonesia 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.

7.  Myanmar’s 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.

8.  Nigeria 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.

9.  Businessmen 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.


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