Imposinghigher duties on apparel exports from Bangladesh to the US is not only inhuman, but also an injustice, as the US government receives lower tariff from other developing and developed countries, a UN official said. Not only is the US imposing higher duties on Bangladesh at 16.72 percent, it also did not stand beside the nation after the Rana Plaza building collapse, the deadliest industrial accident that took the lives of more than 1,130 workers in 2013. “Rather, as a punishment, the

National Standards Committee approved the release of mandatory national standards "infants’ and children’s textile product safety technical specifications" (GB 31701-2015) on 26th. This is the first mandatory national standards specifically for infants’ and children’s textile products (children’s wear). The standard will be formally implemented on June 1, 2016. The new national standard will be divided into two parts including infant textile products suitable for children aged and under 36 mo

Leaders of the readymade garments and backward linkages in Bangladesh have hailed the national budget for 2015-16 as "business friendly", but demanded withdrawal of income tax at sources from the sector, the Bangladeshi media has reported. "As a whole the new budget is business friendly, but we can't recognize it as textile friendly due to the unexpected taxation in the RMG and textile sector," Bangladesh garment manufacturers and exporters association (BGMEA) president Atiqul Islam told repo

New Zealand, the world's largest exporter of crossbred wool, is heading for its smallest annual wool clip in six years. The national clip is likely to see further decline in the upcoming season starting in July, falling to around 810,000 bales, according to Christchurch-based New Zealand Wool Services International, a unit of Australia's Lempriere and the nation's largest wool scourer and exporter. It is reflecting the lowest sheep flock in more than 70 years, dry conditions and an increased

Apparel exports to the United States continued to rebound in the January-April period of 2015—thanks to an increased volume of order as the outcome of safety inspection in the readymade garment factories made the buyers confident. Readymade garment exports to the US market in the first four months of 2015 grew by 7.03 per cent to US$ 1.82 billion from US$ 1.70 billion in the same period of last year, according to the data of the office of textiles and apparels under the US Commerce Department

Ludhiana-based Bhandari Hosiery Exports (BHE) plans to set up a new line of multi faceted fabric manufacturing units at its existing location to support its future growth in textile production business. Focusing largely on exports of garments with expertise in T-shirt, BHE plans to expand its presence in Europe and the United States that contribute around 70% of annual sales. The company plans to spend Rs 12-15 crore this year after Rs 22 crore spent to create similar capacity during the l

The National Union of Textile Garment and Tailoring Workers of Nigeria (NUTGTWN) has lauded the renewed efforts of the Nigeria Customs Service (NCS) in the fight against smuggling. “We are impressed by the recent discovery of 75 illegal warehouses in Kano where contraband textile materials worth about Naira 319.9 billion were stored. We commend the customs for the reported seizure of the smuggled textile materials. We hope that this development is not another passing fad in line with the mood o

The global organic cotton market with three consecutive years of production decline from 2012 to 2014 has witnessed ten percent rise in production largely due to increased market demand as well as more collaborations between farmers and the textile supply chain, according to Textile Exchange’s annual report. As per survey report, retailers C&A, H&M and Tchibo are the industry leaders in organic cotton targets and commitment, these being the top three users of organic cotton by volume.

The government on Thursday proposed raising the tax at source on export proceeds of readymade garments to one per cent from existing 0.30 per cent to consider this tax deduction at source as final tax liability for the sector. Finance minister Abul Maal Abdul Muhith made the proposal before the parliament while announcing the proposed national budget for the upcoming financial year 2015-16. The readymade garment exporters, however, opposed the proposal saying that the increase in the tax

The textile exports from the country increased by 2.94 percent in April against the exports of same month of last year. The exports of textile group in April, were recorded at $1.081 billion against the exports of $1.05 billion in April 2014, according to Pakistan Bureau of Statistics (PBS). Similarly on month on month basis the textile group exports in April also increased by 4.6 percent from $1.033 billion in March 2015 to $1.081 billion in April. The exports of textile group during f