Textile Briefs International


1.  The Australian cotton industry is seeking to substitute in South East Asia its 611 million Australian dollars cotton trade to China.  Australia’s cotton industry is entirely dependent on exports and China is one of the country’s main markets. The cotton industry is one of Australia’s most important contributors to the agricultural sector, with yearly exports worth around US$ 2 billion.

2.  One of the leading apparel manufacturers in Bangladesh, Maksons Group is going to set up three industrial units at the Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) in Mirsarai at a combined investment of US$ 111 million.

3.  The US companies are ready to offer expertise and systems, including those to reduce congestion and boost efficiency, to improve the infrastructure at the Chittagong Port, according to the US Embassy in Dhaka JoAnne Wagner.

4.  China´s export growth spiked to the highest of 60.6% in over two decades on-year in the January-February period, well above analysts´ expectations, while imports rose 22.2%.

5.  Being Europe’s largest producer of cotton with more than 45,000 registered cotton farmers Greece is going to promote more sustainable Greek cotton cultivation. Which makes them able to sell their cotton as Better Cotton from the 2020-21 cotton season.

6.  Being Europe’s largest producer of cotton with more than 45,000 registered cotton farmers Greece is going to promote more sustainable Greek cotton as “Better Cotton” from the 2020-21 cotton season.

7.  The Southern India Mills’ Association (SIMA) has appealed to the Prime Minister for withdrawal of the 10% import duty on raw cotton that was previously allowed to be imported duty free.

8.  The Clothing Manufacturers Association of India (CMAI), the apex association of the apparel industry of the country has hailed the announcement on setting up of seven mega textile parks in the Union Budget.

9.  More efforts have been made in South Africa to localise the production of personal protective equipment (PPE) to boost the retail, clothing, textile, footwear and leather (R-CTFL) sectors in light of the devastating effects of the COVID-19.

10.  Vietnam textile-garment exports set to fall 15% to US$ 34 billion Exports to the US and European markets will continue to face difficulties due to a shortage of orders, according to Vietnam’s Ministry of industry and trade, which recently said in a report that the 15% decrease in exports is, however, still lower than the 20%-25% plunge in global demand this year.

 

 
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