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Chinese firms enter JV for new textile biz in Africa
Fung Group and Ruyi Group have announced a strategic partnership to jointly develop new growth opportunities in the global textile and garment sector, specifically in the emerging Africa market.
East Africa agrees on tax waiver for textiles
The six-nation East African Community (EAC) comprising Burundi, Kenya, Rwanda, South Sudan, Tanzania and Uganda have agreed to a three-year tax waiver of duties and value-added tax (VAT) on textile raw materials, fabrics and accessories that are not available locally.
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