The Russian government is considering providing additional state support to its domestic producers of technical textiles and nonwovens. Russian Minister of Industry and Trade plans to provide funds which will help producers to complete currently implemented projects and to launch new ones. According to an official representative of the Russian Ministry of Industry and Trade, part of the funds will be also invested in the technical modernization of the national industry of technical textiles a

Cambodia will begin to discuss the annual increase of monthly minimum wage for the garment and footwear industry for 2016 in July, according to a Labor Ministry' s statement issued late Friday. The talks will be carried out by a tripartite working group, which comprises representatives of the labor ministry, the Garment Manufacturers Association in Cambodia (GMAC), and the trade unions, the statement said. It added that the final result of the negotiations will be released in early October

The garment sector is set to miss its export target this fiscal year after the three-month political turmoil hampered shipments. Between July last year and May this year, garment exports raked in $22.92 billion, which is up 5.51 percent year-on-year but below the periodic target of $24.26 billion, according to data from the Export Promotion Bureau. Now, to meet the yearly target of $26.9 billion, some $3.98 billion has to be earned this month, the closing month of fiscal 2014-15. Atiqul

Facing flat growth, Indonesian textile industry may see more layoffs unless the government takes some swift action to help the industry, a leading Indonesian daily has mentioned. Several textile manufacturers in Bandung regency have already dismissed some workers and cut down working days from seven to three due to weak sales, according to the Indonesian Textile Association (API). Rising costs, especially due to increase in electricity tariff and depreciation of Indonesian currency rupiah,

Africa should be able to quadruple its exports, literally without a lot of trouble, creating another 500,000 new jobs. Photo: Reuters Africa's textile and apparel exports to the United States could quadruple to $4 billion over the next decade through an extended duty-free trade treaty, a US official said on Wednesday. The trade program known as the African Growth and Opportunities Act (AGOA), currently before American lawmakers, provides eligible sub-Saharan countries duty-free access to

The Congress of South African Trade Unions (COSATU)-affiliated Southern African Clothing and Textile Workers’ Union (SACTWU) has announced that its members in the cotton textile sector will receive an 8.5 per cent wage increase this year. This is in consequence of a wage agreement signed between SACTWU and the South African Cotton & Textile Processing Employers’ Association (SACTPEA), in August last year, SACTWU said in a statement on its website. The agreement was negotiated and concl

Bangladeshi RMG producers are now facing stiff competition to penetrate into the market of the United States in the wake of the production cost hike and losing competiveness. Yet, export of Bangladeshi RMG products to the US market has grown by 7% in April 2015, to US$1.8bn, a good rise from 2.3% decline in 2014, according to data recently released by OTEXA. Besides, overall export to the US market also seen a 7.24% gain to $1.9bn. RMG manufacturers attributed production, political unre

DESPITE slowing exports of leather goods, Thai leather manufacturers have declined to move their production overseas, since most of them are small and medium-sized enterprises, and Thailand has high technology and advantages. Veera Lertruangpunyavut, vice president of the Thai Leather Goods Association, said manufacturers here had tried to add more innovation and technology to their production systems, not only to survive in the industry but also to ensure business growth. He said Thailand

Workers sew sportswear at a factory in Bim Son Town in the central province of Thanh Hoa.(Photo: VNA) Clothing and apparel is expected to remain the country's top export item in the foreseeable future, contributing almost 20 percent of the projected growth in total merchandise exports in the decade to 2030, according to an HSBC report. Global Trade Connection, released on June 4, said Vietnam has also built up a strong presence in the global market for telecommunications in recent years an

Vietnam’s geographical location in Asia, with good access to India, China and South East Asia, leaves it well-placed to trade with fast-growing neighbors, according to a forecast by UK-based bank HSBC. Vietnam’s fastest-growing export destinations in the decade to 2030 will be China, India and Malaysia, HSBC said in itsGlobal Connections report, which was released this week. It expected Vietnam's exports to all these markets to grow by at least 14 percent per year. HSBC's forecasts echo