UAE holds the world's fourth position as largest trading centre of textiles, generating an approximate $17.5 billion annually. With the growing demand within the fashion and retail industries, the country’s textile printing industry is set to gather momentum to grow at a rapid pace within the next 4-5 year, said Mr. Abdul Rahman Falaknaz, Chairman of International Expo Consults. Falaknaz stated that the UAE can capitalize on the fast growing textile printing industry as the country has a hug

The government should take preventive measures following the EU and Vietnam have reached an agreement for a free trade agreement, as the emerging economy can capture Pakistan export market, which has already shrunk due to high energy cost and discriminating import duties on industry raw material, experts say. This agreement is the first of its kind that the EU has concluded with a developing country, which will definitely benefit from its FTA on very nominal duties. Experts feared that Vie

Chinese exports exceeded expectations in December, spurring a rally on Asian markets Wednesday, in a rare bright spot for the world’s second-largest economy which has been hit by slowing growth and saw overall trade drop last year. The Asian giant is key to the world’s economic performance, but its imports have been hit by low prices for commodities such as oil and iron ore and the slowdown in China’s infrastructure boom, while exports have had to struggle with weakness in partner economies.

The Chinese slowdown would hurt Indian spinning industry the most in the textile value chain. India exports 40 per cent of total cotton yarn to China. This is likely to come down significantly, creating an oversupply situation in the domestic market. Apparel exports are also likely to be impacted due to yuan depreciation. Since August 2015, yuan depreciated 5.6 per cent while Indian rupee fell 4.5 per cent. Till December, apparel exports grew at just 7-8 per cent, compared with estimated grow

Fabric suppliers of China are ready to face new challenges arising due to recent developments in China and in global market; this mood was reflected during the one day workshop for fabrics suppliers jointly organised by Fibre2Fashion.com and PDS Multinational Group at Shanghai, China. The workshop held at Wu Zhong Road at Shanghai was attended by more than 50 leading suppliers of fabrics with brands, retailers and buyers represented by PDS Multinational Group in China. The event started wi

The forthcoming Texworld Paris event, organised by Messe Frankfurt France, will take place at Paris Le Bourget from 15-18 February 2016. Texworld Paris would play a significant role in facilitating the connection between the European market and international manufacturers. The February 2016 event will mark a turning point for Apparel Sourcing, the trade fair for sourcing the widest range of international ready-to-wear products. The trade fair is experiencing a good increase of around 30% o

India has its strength in the value-added, hand-embodied, casual fashion garments consisting of small orders, whereas China has its strength in high value, basic garments. The depreciation of Yuan, if continued further, after yarn, the Indian apparel exporters would face a potential threat as both the countries have access to the common markets of US and European Union, according to Rahul Mehta, President International Apparel Federation and Clothing Manufactures' Association of India. Alread

Chinese denim mill Prosperity Textile will begin using Better Cotton for all its lightweight cotton denim fabrics beginning with the Spring/Summer 2017 season. The Better Cotton Initiative (BCI) is a nonprofit organization that seeks to bridge the cotton supply chain from farmer to retailers by providing global standards for sustainable cotton production. “We believe sustainable cotton is what every denim mill should use, and we value the importance Better Cotton has for both farmers and

The textile industry of Zimbabwe urged the government to extend the clothing manufacturers rebate by another 12 months. Industry officials have also warned that if the government delays this extension, then the textile industry will soon shut down. During 2015 budget statement, Patrick Chinamasa, Finance Minister of Zimbabwe, extended clothing manufacturers’ rebate facility by 12 months in order to help capacitate the sector. Industry officials say that the sector needs the facility to

The Pakistani market is flooded with Indian Acrylic Yarn, as the massive import of this item is continuing at very nominal Custom Duty under HS Code: 5509.3200 through Wagha border, hurting the local industry. The local industry of Acrylic Yarn, having more than 1500 units in Gujranwala, is at verge of collapse and continues to shut down due to overloaded supply of Indian yarn in local market. “Almost 450,000 workers directly associated with Acrylic Yarn industry are likely to get jobless, wh