Turkey said the temporary measure stems from a significant increase in the imports of these products in the period 2010 - 2016. The plaintiff is Korteks Mensucat ve Sanayi Anonim Şirketi. Under the notice, POY products imported from Viet Nam will be taxed at a rate of 36.28 per cent. Turkey is one of Viet Nam’s largest trade partners in West Asia. Last year, bilateral trade between two countries reached US$1.5 billion: Viet Nam exported over $1.33 billion worth of goods and importe

The Vietnam National Oil and Gas Group (PetroVietnam), holding 75 percent of the capital at the 325-million USD plant, held a meeting recently with the Vietnam National Textile and Garment Group (Vinatex) to discuss a fibre consumption solution for the plant. Vinatex Chairman Tran Quang Nghi said that the fibre consumption of the plant was not only a matter of cooperation, but also of responsibility. Vinatex has always affirmed its support for the plant by consuming its fibre products. Vin

All garment workers might not receive their salaries and allowances by August 24, the deadline set by the ministry of labour and employment for apparel factory owners to clear their payroll for Eid-ul-Azha. At least 45 factories, mostly small and medium, are at risk of failing to pay their workers even before Eid-ul-Azha, said Sirajul Islam Rony, garment workers' representative at the minimum wage board. The names of the factories were forwarded to the ministry on Wednesday, he added. N

Textile, one of the oldest industries in the Indian economy dating back several centuries, is witnessing huge FDI inflows, according to Investment India, an initiative of the Centre to attract FDI. Increasing FDI is a reason to cheer for the sector which currently contributes about 14% to industrial production, 4% to GDP, and 17% to the country’s export earnings, according to the Annual Report 2016-17 of the Ministry of Textiles. In 2013-14, the textile sector registered $194 million FDI infl

According to figures provided by the USDA, China’s estimated cotton supply and demand is constant, relative to estimates made in June for the 2016/17 market year. The total supply of cotton in China is estimated to be 85.95 million 480lb bales, 68% of which is estimated to come from initial reserves, while more than a quarter (26%) is expected to come from production. International suppliers (imports) are expected to account for 6% of total cotton supply in China. On the demand side, the m

Turkey said the temporary measure stems from a significant increase in the imports of these products in the period 2010 - 2016. The plaintiff is Korteks Mensucat ve Sanayi Anonim Şirketi. Under the notice, POY products imported from Viet Nam will be taxed at a rate of 36.28 per cent. Turkey is one of Viet Nam’s largest trade partners in West Asia. Last year, bilateral trade between two countries reached US$1.5 billion: Viet Nam exported over $1.33 billion worth of goods and importe

The year 2016 saw the first year ever that China became Cuba's largest trading partner with bilateral trade reaching $2.585 billion, according to a newly released report by the island's statistics, ONEI. The commercial exchanges between Havana and Beijing saw Cuba import $2.328 billion of goods from China and export goods worth $257 million. Cuban daily Juventud Rebelde wrote that "for the first time in history, in bilateral relations and in this century so far, the People's Republic of

Any US trade protectionism move against China will surely damage bilateral economic and trade ties, a Chinese Foreign Ministry spokesperson said Tuesday. China's Ministry of Commerce (MOC) Tuesday expressed "grave concerns" about a memorandum signed by US President Donald Trump to direct US trade representative Robert Lighthizer to examine China's intellectual property practices. In response, Foreign Ministry spokesperson Hua Chunying told a daily news briefing that the MOC had released a

Foreign direct investments (FDI) in labour-intensive activities such as garment exports should be actively promoted from China and elsewhere in order to facilitate Myanmar’s economic transformation, according to the latest briefing paper published by a UK-based think tank. Data provided by the Myanmar Garment Manufacturers Association, as of mid-2015. Thompson Chau/The Myanmar Times The study called for an expansion of training in the garments sector to tackle shortages of high-l

Cotton is cultivated twice a year across two seasons. However, cultivation has become expensive since farmers must now buy seeds from private agriculture companies due to insufficient government supplies. “The cost to sow the seeds per acre is now about K30,000.When we try to access the seeds from the private [companies], the seeds are not of good quality even [when] they said the seeds are from reputable government farms like Shwe Tung. That could pose problems for future plantation yields.