Vietnam’s leather and footwear industry expects to reach a total export value of 17 billion USD this year, partly due to advantageous business conditions. Nguyen DucThuan, Vietnam Leather and Footwear Association (Lefaso) Chairman, said the chances of expanding export markets are good this year due to advantages from free trade agreements (FTAs) with the European Union (EU), the Republic of Korea and especially the Trans-Pacific Partnership (TPP) agreement. The zero tax rate under the Viet

The cotton prices on Wednesday remained steady amid strong demand for low and high quality lint. However, the medium quality cotton could not attract any buying. Floor brokers said that improved off-take of cotton yarn induced spinners to book big lot deals to meet their near-term requirements. The fast depleting stocks with ginners was a cause of concern for spinners who were running in short supply. The world cotton market which witnessed some recovery in the last two sessions once a

UK fashion retailer Primark has extended its partnership of the Primark Sustainable Cotton Programme, with the India based Self Employed Women's Association (SEWA) by an additional six years. The partnership is designed to support women from traditionally male-dominated farming communities in Gujarat, India, to introduce sustainable farming methods, improve cotton yields and increase their incomes. Set up with agricultural experts, Cottonconnect, and SEWA, the three year pilot trained 1,25

Nigerian textile import is on rise, in this current year during the fourth quarter Nigeria would spend about $140 million (N27.5 billion) on imported textiles. as the Nigerian textile industry is under perfoming due to the influx of cheaper fabrics from China and India, although there are about 30 operational textile mills but running only at an average of 40 percent of installed capacity. Foreign textiles are among the 41 items that will not benefit from official foreign exchange from the Centr

Pakistan despite being the fourth largest producer of cotton has been performing poorly in cotton trade. The cotton consumption is likely to decline by 12 percent this year. By consuming 2.2 million tons of cotton, Pakistan would be exporting around $13 billion of cotton products whereas with the same quantity of combined cotton production Bangladesh and Vietnam would generate exports of $54 billion, according to a recent cotton update by the International Cotton Advisory Committee. Pakistan’

Sri Lanka’s apparel sector to upgrade its apparel designing to new levels has partnered with leading provider of hi-tech solutions for the global textile industry. The Lankan apparel industry for the first time has entered the 3D design platform with World’s leader in 2D and 3D apparel design software, the New York headquartered Optitex. Minister of Industry and Commerce Rishad Bathiudeen on 23 February in Colombo while addressing the launch event of JAAF’s twin Public Private Partnership ini

China's exports in yuan-denominated terms slumped 20.6 percent year on year to 821.8 billion yuan (126.3 billion U.S. dollars ) in February, while imports dropped 8 percent to 612.3 billion yuan, customs data showed on Tuesday. The decline in exports widened from a 6.6 percent decrease in January, but that of imports narrowed from 14.4 percent a month earlier, according to figures from the General Administration of Customs (GAC). The monthly foreign trade surplus shrank by 43.3 percent yea

According to the agreement, Kraig Labs will form a subsidiary company in Viet Nam and open an advanced hybrid silk research and pilot production operation. "This agreement represents a major advancement for Kraig Labs and is the successful culmination of two years of negotiations and many more years of scientific research and development," Chief Executive and Founder Kim Thompson said. "It is a key milestone in the advancement of our longstanding business plan to bring these advanced mater

Talking to reporters in Hanoi, Hu said although the global economic slowdown continued in 2015, the two countries’ trade still grew stably and fast. Vietnam is currently the second largest ASEAN trade partner of his country, following Malaysia, while China is the biggest exporter to and the fourth largest importer of Vietnam. China’s statistics show that bilateral trade revenue hit 95.8 billion USD in 2015, a year-on-year increase of 14.6 percent. That included 66.1 billion USD in China’s ex

Chinese textile company Loftex Logistics has acquired a new 53,000-square-foot warehouse in New Jersey to use as its first fulfillment and distribution center in the US. The company, which manufactures and exports home textile goods, paid approximately $12.5 million for the warehouse in Carlstadt, about 15 miles west of New York, according to real estate research company CoStar. The sale was announced at the end of February and the newly constructed warehouse was owned by Sitex Group, a Ne