With textile and apparel exports from the East Asian giant China and start-ups Cambodia and Vietnam declining at least in the United States, but the opportunity is moving up in South Asia. In India it has increased by 15.3 percent in March compared with exports of same items in February 2015. Bangladesh recorded an export increase of 7.8 percent during the same period while Pakistan’s exports in textiles and apparel increased by 8.8 percent. India, Bangladesh, Pakistan and Sri Lanka are the l

The Ifo index for economic climate in the euro area continue to weaken, research institute Ifo said in a report on Tuesday. The quarterly released index declined to 112.7 points from 118.9 points in last quarter, but it remains above its long-term average, the report noted. According to the survey results, the economic climate deteriorated due to both less favorable assessments of the current economic situation and slightly more skeptical business expectations. "Economic growth will rea

The domestic garment and textile industry wants to revise a development plan to 2020 with vision for 2030, to match the progress of the country. The current plan was approved in April 2014, and it is expected that Vietnam garment exports will reach between 20 billion USD and 25 billion USD by 2020. However, in 2015, the garment sector already earned an export turnover of 27.5 billion USD. All the garment and textile businesses have actively taken advantage of opportunities through trade ag

On April 16 at midnight, Crescent Mall in Phu My Hung new urban area in district 7, HCM City was still open. At Gap, Calvin Klein and Marks & Spencer shops, shopaholics tried to hunt for the things they liked at the Midnight Sale, an important event which lasts only one day. By 2017, Vietnamese branded goods market may reach $2.7 billion in value, according to Euromonitor International. This was the third time the shopping mall organized a sale promotion campaign in which the sharp d

Though passage of the Trans-Pacific Partnership (TPP) trade pact is bogged down in the US and most certainly not assured, many companies with stakes in Vietnam textiles have begun making investments as if it were already in full force. “These moves suggest how much the business community expects the clothing industry in the country to benefit from passage of the trade accord,” says Dr Tran Thi Minh Huong from the National Economics University. Dr Huong says one of the lesser understood pro

An Ethiopia investment promotion conference, held in Wuxi on May 5, drew around 150 Wuxi companies, especially those in the textile industry, according to the Wuxi government. Ethiopia, with a stable political situation, is the fourth largest economic entity in Africa. Water, electricity and gas are in abundant supply and its labor costs are lower than Wuxi's. The industrial development in Wuxi and Ethiopia are complementary. In particular, Ethiopia is able to meet human resources needs of

CHINA’S exports rose sharply slower while imports fell by a wider margin in April month on month amid a still weak recovery momentum. Exports in yuan-denominated terms rose 4.1 percent year on year last month to 1.13 trillion yuan (US$174 million), slower than the 18.7 percent jump in March, data from the General Administration of Customs showed yesterday. Imports fell 5.7 percent year on year to 827.5 billion yuan, falling for the 18th straight month and the drop widened from the 1.7 perc

The country's readymade garment exports reached $1.609 billion in the last nine months of the current fiscal year, up by over four percent, official figures say. According to Pakistan Bureau of Statistics, the readymade garment exports witnessed an increase of $64.922 million in July-March period of FY16, which stood at $1.544 billion in the same period last fiscal year. The readymade garment exports volume grew by two percent or 361,000 dozens to 23.472 million dozens from 23.111 million dozens

All Pakistan Textile Mills Association (APTMA) has sought exemption from additional anti-dumping duty on the import of specialty polyester fibre which is not being produced domestically as additional duty is limiting the textile industry from product and market diversification. The association sent its request to Commerce Minister Engineer Khurram Dastgir Khan who is also looking after the parliamentary business of Ministry of Textile Industry. Senate Standing Committee on Commerce has recom

The new SATEC textile factory under construction in Dondo, Cambambe municipality, northern Cuanza Norte province, as part of a public-private partnership around USD400 million have been spent on the construction works. The chairman of the board of directors of the Angolan business group "Mainhia Yeto", in charge of the work, Matos Cardoso released the information on Friday that the aforementioned amount was used in the construction of infrastructure and purchase of equipment for the project,