Vietnam exported garment products worth US$27.10 billion,
compared to Bangladesh’s apparel exports of US$27.63 billion
during the year 2018-19. Recently, Bangladesh’s share in global
RMG exports was 6.4% as against 6.2% share of Vietnam. Since
this has long been predicted by the experts and industry
According to the latest statistics, China imported 22 million
meters of cotton cloth, an increase of 4.46% month-on-month, and
a decrease of 10.80% year-on-year; cotton cloth exports of 658
million meters, an increase of 5.28% month-on-month, and a
year-on-year increase of 10.21%.
New French legislation prohibits the destruction of unsold
goods, including clothing, as the government has made good on
its vow to “put in place in the [fashion and textile industries]
the major principles of the fight against food waste to ensure
that unsold materials are not thrown away or destroyed.”
The Indian textile industry said the Budget proposal to offer a
scheme for the remission of duties and taxes on exports will
improve their competitiveness in global markets. The budget has
abolished the anti-dumping duty on PTA (purified terephthalic
acid) is an important decision as it is a critical input for the
textile fibers and yarns.
Myanmar’s garment factories are facing the risk of shutdown as
the coronavirus outbreak in China has restricted the import of
essential raw materials, according to the Myanmar Garment
Manufacturers Association (MGMA). Representatives from the
country’s commerce ministry and MGMA met earlier to address the
issue, but no solution could be found.
According to the Chairman, Textile Institute Sri Lanka, the
country should create a new policy for textile and clothing
aiming to attract more investments, create new jobs and add
value to the apparel industry value chain.
The Turkish fashion exports registered a year-on-year increase
of 5.8%, according to the latest data from the Istanbul Apparel
Exporters Association (Ihkib). The fashion industry in Turkey,
on the rise. The country expects to end 2020 reaching a record
in its fashion exports.
According to the National Cotton Council’s (NCC) 39th annual
early-season planting intentions survey, the US cotton producers
will plant 13 million cotton acres this spring, down 5.5 percent
from 2019 (based on USDA’s February 2020 estimate). The NCC
helps industry segments to compete profitably in the raw cotton,
oilseeds, and US manufactured products market.
Vietnamese companies have started looking at alternative
sources, as they are facing a shortage of feedstock and raw
materials as a result of the new coronavirus (COVID-19) outbreak
in China. According to experts, the epidemic has had a
significant impact on public health, transportation, tourism,
education, and, importantly, trade and commerce.