At a consultation session on the free trade agreement with Turkey from February 20-25, 2017, the Vietnamese Ministry of Industry and Trade (MOIT) asked the Turkish side to consider and recognise Vietnam’s market economy and minimise the application of trade defence measures against Vietnamese goods. The MOIT expressed concern that Turkey’s increasing application of trade defence measures against Vietnam’s export items in recent times has been adversely affecting trade exchange between the two

Exporters of Leather in Punjab, especially in Lahore and Multan, are facing the worst-ever crisis due to complete stoppage of cheques of duty drawback claims. Pakistan Tanners’ Association Northern Zone Chairman Azam Malik said that exporters of Lahore and Multan are badly hit by liquidity crisis which is worsening due to held up of their funds in duty drawback refunds. Respective collectorates are unable to release pending cheques against sanctioned claims of duty drawback. “It is irony o

Mexico will continue to seek investment and export opportunities in China, Foreign Minister Luis Videgaray said on Tuesday. In a Senate hearing on Mexico's fraught relationship with the United States, Videgaray reassured the assembly of 280 lawmakers that Mexico is looking to bolster ties with China. Mexico and China have "very important trade ties," stressed Videgaray, "especially due to Mexico's imports from China, (which amount to) nearly $70 billion." One of Mexico's main objecti

As the US and Brazil pay no duties on the cotton they export to Bangladesh for its apparel industry, they should offer duty-free access for Bangladeshi RMG products made from their cotton to their markets, said manufacturers. Bangladeshi RMG products currently do not have duty-free access to these markets, even though the two countries enjoy duty-free access for the cotton they export to Bangladesh. Moreover, the US suspended Generalised System of Preferences (GSP) facilities for Banglades

Pic: Multiaxial textile made from carbon for reinforcing composites KARL MAYER Technische Textilien GmbH Technical Textiles is an expert and highly committed partner to the composites sector, and will be demonstrating this once again at the next JEC World show, to be held from 14 to 16 March 2017 in Paris. For the duration of this leading global composites fair, this textile machinery manufacturer can be found in hall 5A on stand N 54 of the Paris Nord Villepinte Exhibition Centre. Here,

In its ongoing commitment to sustainability, Downlite, a major down and feather processor and supplier of responsibly-sourced performance fills, has received a Global Recycled Standard (GRS) certification, which will be offered under its new 100% recycled re/charged down. GRS, owned and managed by Textile Exchange, is a holistic certification for products with recycled content. It provides brands with a tool for more accurate labelling to encourage innovation in the use of reclaimed materials

In India, the recorded 5-day average price fell 0.7% to INR42,440 per candy, relative to INR42,760 per candy the week before. On Monday, the price level decreased 0.94% relative to 17 February. Following Monday, the price level increased positively by 0.3% per day to INR 42,600 per candy. Despite the slight drop in 5-day average price level, relative to the week before, India’s cotton prices are still taking part in an upward trend. The 5-day average price level in week ending 14 February is

Footwear exports have constantly increased in recent years from US$6.5 billion in 2011 to US$13 billion in 2016, according to the General Department of Vietnam Customs. It analysed that footwear exports often begin rising in the second quarter and obtain the highest growth in the third quarter of the year. The US has been the leading importer of Vietnam footwear for many years. Footwear exports to the market have accounted for 30% of the country’s total footwear export value and 11% of the

Top fashion brands have pulled out of Dhaka Apparel Summit in support of protest by garment workers. Dhaka Apparel Summit 2017 is going to begin on February 25 focusing on the next course of action plan to achieve $50bn export target by 2021. Leading fashion brands including H&M and Zara will boycott a key industry conference in Bangladesh in support of garment workers who have been sacked, hunted or jailed for participating in wage strikes, the companies said Wednesday. H&M, C&

Pakistan Ambassador to China, Masood Khalid Tuesday invited the Chinese companies to take advantage of investment-friendly policies of present government and come forward to invest in textile and garments sectors in Pakistan. "The government is focusing for the development of textile and garments sectors in Pakistan as it is considered to be the backbone of Pakistan's economy," he said while addressing the representatives of about 76 Chinese companies at a road-show of Quaid-e-Azam Apparel Pa