The clothing global retailers have not increased prices yet despite improvement of apparel manufacturing standards in Bangladesh, according to ready-made garment (RMG) manufactures. Under the Sustainability Compact made by the European Union, USA, Bangladesh and International Labour Organisation in two and a half years ago, the retailers were supposed to raise prices of products after upgrading safety standards in the workplace, which increased production cost. The local RMG makers’ claim

Garment makers yesterday sought higher prices from retailers ahead of the second review meeting of the Sustainability Compact agreement in Dhaka tomorrow. “After the twin industrial disasters we have done everything as per the recommendations by the international communities,” said Siddiqur Rahman, president of Bangladesh Garment Manufacturers and Exporters Association, at a press meet. “But, we are not getting fair prices.” In July 2013, the government signed the ILO-brokered Sustainab

During December 2015, 88 countries imported spun yarn from India, with China accounting for 27.8 per cent of the total value with imports plunging 32.9 per cent in terms of volume YoY and declining 39.5 per cent in value YoY. India’s overall spun yarn exports in December were down by 11.5 per cent YoY in volume terms and declined 18.8 per cent in value term. Unit price realization was up US cent 1 a kg from November 2015 and down US cents 24 a kg from December 2014. The Indian yarn industry i

The Nepalese businessmen are planing to source raw jute and jute mill materials from Bangladesh as India continues to impose an economic blockade on Nepal due to adoption of new Constitution in the Himalayan nation. Bangladesh commerce ministry officials said a four-member delegation from Jute Association of Nepal might visit Dhaka next week to discuss the matter. Nepal could also seek to import fuel oil and basic commodities from China and Bangladesh. According to a letter sent from Embas

The US continues to be the single largest export destination for Bangladesh's garment items, accounting for 21.28 percent of the shipments in 2015. The shipments to the American market fetched $5.66 billion of the sector's $26.6 billion export earnings last year, according to data from the Export Promotion Bureau. Garment exports to the US rose 13 percent year-on-year in 2015. The European Union, the trade bloc of 28 nations, accounted for 59.73 percent of the shipments last year, raking i

The Russian Textile Association, chairperson Shamhal Ildarov pursues the idea for the development of garment production in the Caucasus as the textile industry will create upto 2 million new jobs and Russia will get its own domestic textile. The initiative was taken to eliminate the dependence of Russia on Turkish textiles and clothing. According to Ildarov, Russia is also able to produce the entire range of light industry products. Shamhal Ildarov, who in his time, created a factory in

Exports of textile and clothing declined 8.93 per cent to $6.269 billion during the first half (July-December) of 2015-16 from $6.884bn in the same period last year, Pakistan Bureau of Statistics data showed on Wednesday. The fall in exports was witnessed despite a duty free access to European markets under GSP+ scheme. Commerce ministry has developed a three-year strategic trade policy framework 2015-18, but the government has yet to announce it. On the other hand, the textile polic

Six months after the European Union member states agreed to ban nonylphenol ethoxylates (NPE) widely found in clothing because it poses an “unacceptable risk” to the environment, the amended Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH) regulation will come into force from Februaty 2, 2016, and companies will then have five years to to remove the chemical from their products and supply chains, according to the EU Official journal. This means there should be no N

In the US, Pakistani textile exporters are losing their share to other exporting countries such as India, Vietnam and other competitors. Although in the US market the overall import demand for textiles and apparel increased during July-September 2015, Pakistan had not been able to firm up its exports, according to the State Bank of Pakistan (SBP) in its first quarterly review released a day ago. It said that following the trend in previous years, the demand for cotton textile, which constitut

According to the report issued by the Pakistan Cotton Ginners Association on Monday, Seed cotton (Phutti) equivalent to 9.475 million tonnes or 9,475,729 bales have reached ginneries across Pakistan as of January 15, 2016 registering a shortfall of 33.5 per cent compared to 14.251m bales a year earlier. This shortfall would inflict a loss of around $6 billion on GDP — of which $1.5bn would be suffered by cotton growers and $4.5bn by the industry and exporters, experts say. Tariq Saud, the