Prime Minster Sheikh Hasina on Thursday sought Chinese investment in Bangladesh for narrowing the trade gap between the two friendly countries. “We’ll welcome Chinese investment in the country, especially in textiles, agro-processing, energy and power, pharmaceuticals, communications and infrastructure development. This will reduce the trade gap between the two countries,” she said when Chinese Ambassador in Dhaka Li Jun called on her at her office (PMO). Briefing the reporters after the meet

Workers at a garment company in Vietnam. Textiles and garments are among Vietnam's exports to the EU, along with footwear and woodwork products. Vietnamese exporters are keenly interested in the free trade agreement (FTA) being negotiated with the EU, but the FTA is unlikely to be of much benefit because of non-tariff barriers and the slow pace of policy change in Vietnam that could hinder investment from Europe. Nguyen Van Nam, former director of the Trade Research Institute, said: “With

CISMA2013 will be hosted by China Sewing Machinery Association at SNIEC from September 25 to 28. As to the exhibition position, some adjustment is made this year: W1-W5 will be filled with Sewing Machines; cutters and CAD/CAM will be placed in Hall E1; E2 is designed for large machines of ironing, suspending, lacer, spreading, etc. Embroidery Machine is moved from W5 to E3, and there will also some accessoriesand parts exhibitors in E3. E4 is still world of accessories and parts exhibitors. The

China exported garment and textile products worth $42.3 billion in the first two months of 2013, up 31.6 percent from last year, according to China National Textile and Apparel Council statistics.The increase was 34.1 percentage points higher than the same period in 2012 and 8.3 percentage points higher than the country's overall export growth from January to February, according to the statistics.Nearly 70 percent of the increase came from export price rises, according to the council. It estimat

In March 2013, the A Index rose to 98.85 cents per pound on the 18th before receding to 93.15 cents per pound on March 26. The recent surge in cotton prices may be due to concerns about a tightening supply-demand balance outside of China as China continues to build reserves. The United States used to be the largest cotton exporter to China, and U.S. shipments increased from 50,000 tons in 2001/02 to 1.3 million tons in 2011/12. Last season, India overtook the United States, exporting 1.94 mill

Even after bowing to the pressure of the Federal Board of Revenue (FBR) to deposit tax for supplies made to the registered persons, Faisalabad yarn industry still fears maltreatment under new sales tax regime. Industry people point out that they made supplies only to the sales tax registered persons duly declared valid on the FBR website. That they later turned out fake was not the fault of the industry, they added. “The actual culprits are the FBR officials who ignored the law during the re

SILK INDUSTRY. The Fiber Industry Development Authority (FIDA) intends to strengthen the silk industry to supply the huge demand from overseas markets. Photo from OISCA The local silk industry needs capital and government support in terms of promotion to take advantage of the huge global market, a government official said. Talking about the potential of the country's silk industry, Fiber Industry Development Authority (FIDA) administrator Cecile Soriano said they are preparing an investment

India is witnessing increase in textile machinery exports on account of slow growth and sluggish domestic demand in the textile and garment markets for such plant and machinery, said the Textile Machinery Manufacturers' Association (TMMA), S. Chakraborty said. "The demand in the overall textile industry is very low at the moment due to which, we are exporting the textile machinery goods. There is an increase in textile machinery exports in the country," he told SME Times. According to figures

New disputes over cotton contracts fell 53 percent in the first quarter, signaling a slowdown from the record number of defaults last year after prices plunged from an all-time high in 2011. Applications for technical arbitrations slid to 35 during the period, down from 75 in the same quarter of 2012, the Liverpool-based International Cotton Association said today in a response to e-mailed questions from Bloomberg. After cotton more than doubled in a year to a record $2.197 a pound in March 2

Brescia - Italian sock knitting machine builder Busi Giovanni has launched a new machine which the company says offers all the usual high-quality components the firm’s customers have come to expect but with an extremely attractive price point. Built entirely at the Italian family-owned company’s headquarters in Brescia, the Light MP is actually an optimized version of the existing Idea MP, the key difference being that the new machine does not have latch needles in the dial and therefore is n