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Trade war could boost India’s position in apparel, fashion segment glo…

Trade war could boost India’s position in apparel, fashion segment globally

"A recent survey by Weave Services, a supply chain consulting firm that specialises in demand and production planning shows, leading apparel brands and sourcing offices are moving their bases out of China over concerns of access to raw materials and lead times. This surely offers a golden opportunity to India to establ... Read more

Global garment factories demand fair labor standards

Global garment factories demand fair labor standards

"The expectation was that post Rana Plaza tragedy, that killed at least 1,132 people and injured over 2,500 in Bangladesh, the global garment manufacturing industry had woken up to the social and environmental hazards of fast fashion. However, six years later, little seems to have changed as many workers are still bein... Read more

Budget 2019-20: Textiles allocation reduced, FDI norms for single bran…

Budget 2019-20: Textiles allocation reduced, FDI norms for single brand retail relaxed

"Finance Minister Nirmala Sitharaman presented her maiden budget in Modi 2.0 government. However, the textiles sector seems to have been low on her priority list as the Budget allocation for textiles has been reduced to Rs 5831.48 crore in fiscal 2019-20 from Rs 6,943.26 in the last fiscal. Total textile infrastructure... Read more

NCTO recommends strong policies, FTAs, improved infrastructure for US …

NCTO recommends strong policies, FTAs, improved infrastructure for US textile growth

"While NCTO strongly supports the free trade structure established under NAFTA, it also agrees with President Trump’s desire to improve the terms of the original agreement. It specifically advocates certain improvements in NAFTA renewal negotiation. Some of these include: maintaining yarn forward as the fundament... Read more

NCTO CEO Kim Glas to revive the American textile industry

NCTO CEO Kim Glas to revive the American textile industry

"Kim Glas, new the president and CEO of the National Council of Textile Organisations since April 2019, has set a definite goal to revive the flagging American textile industry. She notes the American industry in the last few years has seen a remarkable uptick in employment with the industry currently employing 600,000... Read more

India: Labor issues cloud India’s knitwear hub Tirupur’s development

India: Labor issues cloud India’s knitwear hub Tirupur’s development

"Once touted as the ‘knitwear capital of India, Tirupur, is currently mired by labor issues. Underemployment and rising costs of living, coupled with the continuing impact of policy measures such as the Goods and Services Tax, especially on small-scale manufacturers, is stagnating growth in the city with the shor... Read more

Sri Lanka’s apparel sector targets emerging markets to boost growth

Sri Lanka’s apparel sector targets emerging markets to boost growth

In order to achieve its ambitious target of $8 billion worth of exports by 2025, Sri Lankan apparel sector is looking to first upscale access in emerging markets such as India, China and Brazil. The country will differentiate its products with quality standards and excellent product delivery to capture global demand. T... Read more

Stock management, decentralisation to help brands deal with Brexit

Stock management, decentralisation to help brands deal with Brexit

"The British fashion industry, over the past two years and nine months, has been preparing for an unforeseen future. As the UK voted to leave the European Union, a range of fashion and footwear businesses across the UK including manufacturers, brands, agencies and retailers are adopting various measures to mitigate the... Read more

New markets, technological innovations to boost India’s apparel export…

New markets, technological innovations to boost India’s apparel exports

"An analysis of the macro-trends and proprietary data of 100 top apparel exporters in India reveals, export value and shipments from major markets like the UAE have consistently fallen during the year. A report by US-based Drip Capital, a major provider of trade finance for SMEs in the sector, notes demand from key imp... Read more

Strong economy, world class infrastructure to help India deal with GSP…

Strong economy, world class infrastructure to help India deal with GSP denial

"The United States Trade Representative (USTR) recently announced, India and Turkey will soon lose their Developing Beneficiary Country (BDC) status under the General System of Preferences (GSP) of the WTO. GSP entails duty free access to less developed or developing countries to aid development. It allows the less dev... Read more

Delay in WTO reforms irks the US

Delay in WTO reforms irks the US

"Dealing a huge blow to the WTO, President Donald Trump in August 2018 threatened to withdraw from the organisation if it fails to upgrade operations to reflect a modern, rapidly changing world. If this threat is executed by the WTO, it would not only impact multilateralism and global cooperation but also the entire in... Read more

Rise of non-traditional markets fuels apparel exports

Rise of non-traditional markets fuels apparel exports

"As per Export Promotion Bureau (EPB) data, in the July-December period of the current FY2018-19, Bangladesh’s apparel shipments to new export destinations like Australia, Brazil, Chile, China, India, Japan, Korea, Mexico, Russia, South Africa and Turkey posted a robust growth of 36.21 per cent in the first half ... Read more

 
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Cambodia approves 153 investment projects

In the first half of this year, the Council for the Development of Cambodia approved 153 invest... Read more

US apparel industry opposes tariffs

The apparel industry in the US supports maintaining strong trading ties with China and voices o... Read more

India: Tripura Exporters Association seeks alternative for MEIS scheme

Tirupur Exporters’ Association (TEA) has urged the government to introduce an alternative... Read more

Norteastern weavers in get government support

India is promoting the textile industry in the Northeast. The region accounts for nearly 50 per... Read more

Lenzing revenue up one per cent

Lenzing’s revenue increased by 1.2 per cent in the first half of 2019. The share of speci... Read more

APEC appeals for continuation of MEIS Scheme

APEC has appealed to the government to continue the Merchandise Exports from India Scheme (MEIS... Read more

BGMEA accuses Accord of harming the apparel industry

BGMEA President Rubana Huq has accused the new fire safety related conditions imposed by Accord... Read more

NIPR organises lecture on revival of the moribund Nigerian textile industry

The Kaduna state chapter of the Nigerian Institute of Public Relations (NIPR) recently organise... Read more

US textile industry supports tariffs

The US textile industry supports the 10 per cent tariff on the remaining $300 billion of import... Read more

AAFA decries US President tax move on Chinese imports

The American Apparel and Footwear Association expressed its deep frustration following the anno... Read more

CMAI demands rules of origin for import of raw materials

Speaking at the recently concluded 69th National Garment Fair, Rahul Mehta, President, CMAI urg... Read more

US mulls tariffs on EU imports

The US is likely to impose tariffs worth $7 billion on imports from the EU. The proposed tariff... Read more

Vietnam: EVFTA to replace GSP rates with MFN tariffs

According to a report from Bảo Việt Securities Joint Stock Company (BVSC), textile, garment and... Read more

India: Textile industry hails new budget proposals

The Indian textile industry has hailed the Budget proposals for 2019-20. As the Cotton Textiles... Read more

Pakistan: Introduction of sales tax shuts down textile units

The business of wholesalers and retailers associated with textile processing mills has come to ... Read more

Several measures needed for growth of Indian technical textiles

Indian technical textile market is expected to witness substantial growth from 2016 to 2024. Th... Read more

India to revise customs rules

India may revamp its customs duty regime, weeding out some exemptions and correcting inverted d... Read more

India may extend rebates to yarn and fiber

India may extend the rebate scheme to other textile categories like yarn and fiber. As of now t... Read more

India plans anti-dumping duty on yarn imports from four nations

The Indian government may impose anti-dumping duty on imports of certain types of filament yarn... Read more

Bangladesh removes domestic yarn from the VAT net

The Bangladesh Textile Mills Association has thanked the government for imposing Tk4 tax on sal... Read more

Handloom weavers want GST fixed at five per cent

India’s power loom weavers and business owners want the current GST rate for power loom t... Read more

India unveils textile package

India has unveiled a special package for the domestic apparel sector. The aim is to encourage t... Read more

Bangladesh mills want tax scrapped

Textile mills in Bangladesh want the five per cent advance tax proposed on import of textile ma... Read more

Bangladesh exporters seek more incentives

Bangladesh garment manufacturers and exporters want cash incentives to be raised from one per c... Read more

BGAPMEA calls for a reduction of corporate tax rate to 12%

Bangladesh Garment Accessories and Packaging Manufacturers and Exporters Association (BGAPMEA) ... Read more

Bangladesh grants 5% cash incentive for RMG sector

The Bangladesh readymade garments industry has received the highest cash incentive of 5 per cen... Read more

CCA to request for waiver of import tariffs on uncombed cotton

The China Cotton Association (CCA) will request the US government to waive off the import dutie... Read more

Pakistan may abolish zero rating on leather, garments and carpets

Pakistan plans to abolish zero-rating for exports of leather, surgical, sports goods and carpet... Read more

Bangladesh makes it mandatory for buying houses to register with DoT

Buying houses in the garment and textile sector of Bangladesh have to get themselves registered... Read more

Exporters in Pakistan want 60 days claims

Exporters in Pakistan want to be paid their sales tax claims in 60 days. They say their money i... Read more

NCTO & AAFA oppose new tariffs on Mexican exports

The National Council of Textile Organizations (NCTO) and American Apparel & Footwear Associ... Read more

Government, GST Council to address distress in the Indian export sector

The Central government and the Goods and Services Tax (GST) Council, will meet later this month... Read more

SIMA appeals for early release of pending TUFS subsidies

Southern India Mills’ Association (SIMA), the largest spinning mills association in the c... Read more

GST on textiles may be tweaked

GST on textile products may be reworked. The move is expected to help the sector be more compet... Read more

US ends GSP for India

The US has ended trade concessions for India under GSP. India calls the decision discriminatory... Read more

US suspends GSP for India

The US has suspended GSP benefits for India. The Generalized System of Preference (GSP) is the ... Read more

NACC urges EU to continue tariff-free access to Cambodian brands

In an open plea, National Union Alliance Chamber of Cambodia (NACC representing 400,000 Cambodi... Read more

Pakistan: Textile sectors reject move to discontinue zero-rated status

The value-added textile manufacturers and exports association in Pakistan has advised the gover... Read more

CITI advises caution on RCEP pact

Sanjay K Jain, Chairman, CITI has advised the Indian government to be cautious about the textil... Read more

India considering fast refunds

India is considering boosting exports by introducing fast refunds of central and state taxes an... Read more

VF Corp Q4 revenue up five per cent

VF Corp’s total revenue rose 5.5 per cent in the fourth quarter. Revenue from Vans, known... Read more

Philexport urges govt to revive law on local fabrics use

The Philippine Exporters Confederation (Philexport), has urged the government to revive a 2004 ... Read more

India: Apparel exporters seek more clarity on new tax rebate scheme

Pointing out that export business has significantly picked up after the announcement of rebate ... Read more

UK may impose compliance code on companies

UK multinational companies may come under pressure to follow fair and clean practices in their ... Read more

EU decision to withdraw preferential trade access to hurt Cambodia

The EU may withdraw preferential trade access to Cambodia over Cambodia’s human rights re... Read more

India: Rebates may replace MEIS

India may replace the Merchandise Export Incentive Scheme (MEIS) with the Rebate of State and C... Read more

India to seek deadline extension for GSP withdrawal

India is looking for an extension of the deadline US for withdrawal of export benefits to domes... Read more

India: Rebate scheme to replace MEIS for all textile products

India will extend the upgraded Rebate of State and Central Taxes and Levies scheme to all texti... Read more

No deal Brexit: UK exporters to face tariffs

In the event of a no-deal Brexit, the UK will impose tariffs on manufacturers and exporters. Al... Read more

Texprocil welcomes rebates on embedded taxes

The Cotton Textiles Export Promotion Council (Texprocil) has welcomed the cabinet’s appro... Read more

India: Handful of relief measures to help textile and apparel industry

The government has introduced various measures to benefit almost every segment of the Indian te... Read more