Bangladeshi apparel products made of raw materials, including cotton, imported from the United States should beby importers there, according to foreign minister AK Abdul Momen, who recently floated the idea to strike a deal on purchasing cotton from the United States in exchange ofPic: ShutterstockHe was speaking at a luncheon meeting organised by thein Bangladesh with the theme ‘Strengthening Bangladesh-USA economic relationship’.On an average, Bangladeshi products attract 15.6 per cent import

Bangladeshi garment accessories and packaging manufacturers fear losses of Tk150 billion (1500 crore) due if the coronavirus prolongs for six months as it would create a shortage of raw materials for the sector hindering the production.Figure:About 50% of raw materials are sourced from China.Meanwhile, the business people called for searching alternative sources to procure raw materials to avert supply crunch and policy support with ease trading facilities to buy from the new destination.Banglad

‘Silkflex Grand Textile Printing Technical Seminar’ shows innovation of Bangladesh textile printing sectorSilkflex Bangladesh Ltd awarded 250 leading textile factories for their contribution to the printing sector on ’12thSilkflex Grand Textile Printing Technical Seminar’ held at Officers’ Club, Dhaka on 7th February.Figure 1: Factories received the ‘Silkflex Print Contest-20’ award.Silkflex Polymers SDN BHD, Malaysia and Silkflex Bangladesh Ltd jointly organized the largest textile screen print

The seasonally adjusted volume of retail trade decreased by 1.6 per cent in the Euro Area (EA19) and by 1.3 per cent in the EU27 zone in December 2019 compared to figures in the previous month, according to estimates from Eurostat, the statistical office of the European Union (EU). In November last year, the volume rose by 0.8 per cent in EA19 and by 0.9 per cent in EU27.In December 2019 compared with December 2018, the calendar adjusted retail sales index increased by 1.3 per cent in EA19 and b

The global trade of bed linen has been moving up with high growth rate. Total trade increased by 18.27 per cent from 2016 to 2018, according to data from TexPro. The global trade of bed linen was $2,620.07 million in 2016, which increased to $3,098.80 million in 2018. Pakistan, China and Turkey collectively exported 71.83 per cent of total export in 2018.Pic: ShutterstockThe total trade of bed linen has risen by 7.60 per cent in 2018 over the previous year and is anticipated to reach $3,986.25 m

Indian Texpreneurs Federation (ITF) and Tiruppur Exporters' Association (TEA) will jointly organise an engagement meet for brands and SME manufacturing units in Tamil Nadu. This was disclosed after a meeting of brands and retailers with industry representatives organised by the ministry of textiles this week. Textiles minister Smriti Irani attended the meeting.Pic: Shutterstock"The meeting was well attended by 30 brands and retailers and was hugely successful. Industry representatives f

Jute and jute goods export witnessed a 20.82% leap in the July-January period of FY2019-20 compared to the same period of last fiscal year. The sector earned $602.49 million in July-January of FY2019-20 from $498.66 million in the same period of the last fiscal year.Figure:The interest of jute products is increasing globally because consumers are increasingly using natural sustainable fibers in day-to-day life.During the first six months (July-December) of the current fiscal year, Bangladesh ear

The decline in Chinese exports due to theis likely to pose further risk to zones in Turkey that sell goods imported from China. The Tahtakale neighborhood of Istanbul’s Eminönü district, home to many shops selling products from electronics to garments—some of which have been depending on—is seeing a decline in sales.Pic: ShutterstockThe volume of cargo transportation carrying Chinese products has significantly decreased, recent data showed.The drop in sales will continue for at least four to fiv

Indian textile secretary Ravi Capoor will soon consult representatives from all textile-related associations across Tamil Nadu, Kerala, Andhra Pradesh and Karnataka and weavers, and seek their suggestions on thethat is being framed by the government, according toPic: ShutterstockThough most problems had already been discussed at the higher level, many issues stay unresolved, he said.The Indian textile industry would be able to cash in on the slowdown in the sector in China, which is facing the c

Over 50% of Bangladesh’s textile and textile-related goods including garment accessories are imported from China. In addition, about 40% of capital machinery and spare parts for the textile and garment industry come from the country. For the outbreak of ongoing Coronavirus, the supply chain of raw materials for the sector is being disrupted, which ultimately will affect apparel production and its exports.Considering this reality Bangladesh should set strategies to mitigate the adverse consequenc