Textile Briefs International


1.  US’s widening trade deficit with China is a major cause of the country’s economic woes. US government has started imposing protectionist measures on imports from major trading partners like China and Canada.

2.The new regulation becomes mandatory in 2020. The market for medical textiles has the potential to be one of the fastest growing categories within the technical textile sector between 2018 and 2025. But growth is threatened by new, stringent EU regulations for medical devices - according to a new report from the global business information company ‘Textiles Intelligence’. Medical textiles: markets, applications, developments and regulations.

3. China will step up efforts to boost investment in the textile industry in Belt and Road (B&R) countries, according to the China National Textile and Apparel Council (CNTAC). In recent years, the CNTAC has helped Chinese textile and apparel firms understand foreign investment environment and contributed to the signing of many overseas investment projects by establishing international platforms for multilateral exchanges and holding investment promotion meetings, said Gao Yong, the council's Party secretary.

4. Starting from September 2019, Germany started a Grüner Knopt (green button in its German meaning) certification in which it would support all textile items that follow certain social and environmental criteria. The federal ministry for economic cooperation and development (BMZ) will be in charge of this certification and will evaluate companies and its products.

5. Malaysia is mulling over a plan to establish the country’s first textile manufacturing hub as part of an effort to revive the industry. The proposal is being drafted by a team from the international trade and industry ministry, the Malaysian Investment Development Authority (MIDA) and the newly-launched Federation of Malaysian Fashion, Textiles, and Apparels (FMFTA). The government is re-industrializing Malaysia’s textile sector and it believes domestic investors are fully capable to develop this hub, international trade and industry minister Datuk Darell Leiking said at the launch of FMFTA in Kuala Lumpur recently.

6. Turkish trade minister Ruhsar Pekcan has said her country and the United States discussed steps to take bilateral trade to US$ 100 billion from US$ 20.6 billion in 2018. She said this during the recent four-day visit of US secretary of commerce Wilbur Ross to Turkey. Turkey conveyed its expectations for the removal of certain practices impeding bilateral trade.

7. Fashion and textile products from the UK will be facing a 25% tariff in addition to the normal duties to the US market as part of the ongoing dispute between the US and the EU over subsidies granted to both Boeing and Airbus as the US has threatened to introduce the tariffs by October this year.

 

 
Copyright 2019 Ptj.com.pk   Design: PTJ Graphics