United States President-elect Donald Trump has announced that the US will quit Trans-Pacific Partnership (TPP) trade deal on his first day in the White House. This announcement has also revived the hopes of Indian textile and garment industry for doing business with the US. Trump, in a video had said that TPP is a potential disaster for the US. “We are relieved with Trump’s announcement. If the TPP trade policy is to be ratified, Indian textile and apparel sector will incur huge loss. Withdr

Pakistan’s textile exports, especially those of value-added products, grew 0.59 per cent to $1.053 billion in October from $1.047bn in the same month of the last year, the Pakistan Bureau of Statistics said on Friday. Though paltry, the growth was much needed as the sector’s exports had been in decline for the last couple of years due to falling commodity prices on the international market. The rise in proceeds, particularly because of better prices, has also revived hopes that the sector may

Turkey's general directorate of imports has decided to impose anti-dumping duties ranging from 34.81 per cent to 72.56 per cent on polyester textured yarn items imported from Vietnam. Turkey had initiated anti-dumping investigation on polyester textured yarn imported from Vietnam in May this year, following a complaint by Korteks Mensucat Sanayive Tic. A.S. Varying anti-dumping duty rates will be applied to different Vietnamese companies. Rates ranging between 34.81 per cent and 68.98 per ce

China, the world's top textile exporter, imported 41,300 tonnes of cotton in October, down 1.9 percent year-on-year, said the China Cotton Association on its website on Thursday. China has imported 696,000 tonnes of cotton in the first 10 months of the year, down 42 percent from last year, showed the data. Imports fell after China issued fewer low-tariff import quota and sold off millions of tonnes of fibre from its state reserves. Source: Reuters.

The cotton market remained steady on Tuesday where activity slightly slowed down owing to oversold position of ginners and partly because spinners also took a respite to work out their future plans. The world cotton prices, however, moved higher on reports China was still active in replenishing it cotton stocks. The New York cotton continues to lead world cotton markets, brokers said. The buyers remained in the forefront but short supply of cotton restricted activity. During the past week

Sri Lanka's budget 2017 that focuses on strengthening the country's economy lists out multiple benefits for the apparel and textile sector. Presenting the budget, finance Minister Ravi Karunanayake said that the government has proposed the formation of a textile cluster to include sizing, dyeing and finishing units by the private sector. The government will support the formation of a textile cluster by providing investment relief to businesses that will invest in this venture and will also p

Cotton consumption in Bangladesh is expected to rise 4.91 percent year-on-year to 6.4 million bales this year due to higher demand from spinners and garment makers, according to the US Department of Agriculture. The cotton year begins on August 1 and ends on July 31. Bangladesh is the largest cotton importer in the world at present, as China stopped importing the fibre in recent years. Bangladesh meets its demand for cotton through imports, as the country does not produce the white fibre loca

Technical textiles will be given top priority under the impending national textiles policy as this sector has a huge potential for growth in India, said Union textiles minister Smriti Irani. She also said that there's an opportunity for the Indian khadi to be processed with ayurvedic drugs to offer wellness garments, which are popular in western countries. “There's a need to collaborate with companies from various countries like Japan and Germany to boost technical textile in India. There is

The 20th edition of Texcare Asia, the International TradeFair for Modern Textile Care, will be held from September 27 - 29, 2017 in Shanghai, China. The biennial show debuted in 1998 in Singapore and developed to be one of the most comprehensive showcases on advanced machinery and commercial solutions for the laundry and dry-cleaning industry in Asia. New technologies and efficient solutions enter the market frequently and Texcare Asia is recognised as the gateway to these advances entering

At a textiles buyer-seller meet held in Salem, attendees were informed that the central government offers several schemes for marketing of textile goods, which should be taken advantage of, by small textile units. So, while units in tier-1 and tier-2 cities were taking advantage of these schemes, units from tier-3 cities should also do so. The buyer-seller meet was organised as a part of a Powerloom Expo and was jointly organised by the Powerloom Development and Export Promotion Council (PDEX