Textile Briefs International


1.  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 insiders.

2.  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%.

3.  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.”

4.  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.

5.  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.

6.  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.

7.  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.

8.  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.

9.  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.

 

 
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