The garment and textile industry has set a target of US$34 billion export turnover in 2018, a year on year increase of 10 percent, said Vietnam Textile and Apparel Association. Last year, the total export turnover topped $31 billion, up 10.23 percent over the same period in 2016. That was higher than the year plan of $30 billion. Besides traditional markets such as the US, EU, Japan and South Korea, Vietnam has made efforts to diversify markets and seen breakthroughs in other markets such

Globalization and free trade will continue to top the agenda for this year's annual conference of the Boao Forum for Asia, which focuses on solving the shared problems facing the Asia-Pacific region, the secretary-general of the forum said on Thursday. In a world with a rising anti-globalization mentality and trade protectionism, the region needs open, coordinated, inclusive and balanced development more than ever before, said Zhou Wenzhong, secretary-general of the BFA at a news conference h

China on Tuesday invited Pakistan to attend a six-day international ‘Import Expo’ scheduled to be held at its National Exhibition and Convention Center, Shanghani, from November 5 to 10 this year. “Pakistan has been invited as a guest of honor in the first-ever such an exhibition and China wants to see Pakistan as a guest of achievement at the international event,” Chinese ambassador to Pakistan Yao Jing said while addressing a news conference along with Minister for Commerce and Textile Indu

Partnership between India and the members of the Association of Southeast Asian Nations (ASEAN) is crucial for improving the standard of textile manufacturing and generating employment opportunities in both the regions, Indian textiles minister Smriti Irani said recently addressing the ‘India-ASEAN: Weaving Textile Relations’ show in New Delhi. Enterprises from ASEAN nations could take advantage of India as a one-stop sourcing destination for a diverse range of products by setting up manufac

This year, 587 stalls and pavilions have been set up at the fair. Forty-two of them belong to companies from 17 countries Vendors, selling leather goods at the Dhaka International Trade Fair (DITF), said their sales have finally picked up after a slow two weeks at the fair. “At first the sales were slow but young customers have been window shopping for a while before they committed to buying our products.” one exhibitor told the Dhaka Tribune. Some stalls attributed the cold wave to

Currently, Bangladeshi manufacturers mostly produce basic fabrics, which is not for higher-end products Increased dependence on fabrics import and a lack of proper policy on energy supply are negatively impacting the competitiveness of Bangladesh’s woven garment exports in the global market. Industry insiders and trade analysts have blamed longer lead time, poor backward linkage, the absence of value addition and modern technology and lack of proper policy support on gas and electricit

Amazon will sell $28 billion worth of clothing in 2018, almost equal to what countries like Bangladesh and Vietnam export annually, and its apparel sales could reach $85 billion by 2020, according to a survey of 1500 US shoppers by CPC Strategy, a retail-focused digital marketing agency. The survey revealed key insights about apparel brands. The survey, ‘2018 US Forecast on Apparel Shopping Trends: How Shoppers will Browse and Buy Clothing’, wasn’t designed to revolve around Amazon, but the

The textile and apparel sector of India is at an inflection point where the businesses are expecting good revenues in the coming months, says a recent survey. There is an overall positive sentiment as the economy has started to recover from twin shocks of demonetisation and goods and services tax (GST). The industry is optimistic about the future. The economy and industry are getting accustomed to recent policy changes, says Business Confidence Index by Wazir Advisors authored by Varun Vaid a

US firm Monsanto’s Indian joint venture Mahyco Monsanto Biotech (MMBL) has termed the threat by industry body National Seed Association of India (NSAI) to stop the sale of its transgenic Bt cotton seeds as ‘irresponsible’ and has asserted in a letter to Agriculture Minister Radha Mohan Singh that its Bt seeds continue to be effective in controlling pest. Blaming MMBL for loss of Bt cotton crop this Kharif season in Maharashtra due to pink bollworm infestation, NSAI recently asked the company

During trading session at leading stations of lint market in Punjab and Sindh, buying remained firm with demand for better grades of cotton which fetched a premium price. Buyers purchased better grades of cotton above Rs 7,675 per maund and deals for second grade of lint changed hands above Rs 7,475 per maund. Mills bought better grades of cotton at around Rs 7,525 per maund while spinners purchased better stocks at around Rs 7,525 per maund. The ginning units produced better grades of lint o