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China turns cotton deficit
China needs to triple its cotton imports. With government stocks depleting, China needs to import more to sustain its mills’ consumption.
India monitors garments imported via Bangladesh
India’s Directorate of Revenue Intelligence (DRI) has issued an alert over garments being imported via Bangladesh from other countries to take advantage of duty concessions offered under a free-trade agreement (FTA).
India imposes duty on NFY from Vietnam, EU
The Indian government has imposed an anti-dumping duty ranging between $128.06 per tonne and $719.44 per tonne for five years on import of nylon filament yarn from Vietnam and the European Union.
Indian textile sector on upswing: Ind-Ra
The domestic demand for textiles is likely to remain robust from end-user segments, supported by a strong rise in private consumption expenditure during the rest of FY19.
Pakistan textile exports drop 16%
Pakistan’s textile exports dropped 16.1 per cent to $1.002 billion in July 2018 compared to shipments recorded in June, which stood at $1.194 billion.
Rupee’s low: Exports gain, imports drain
India’s trade deficit in July widened to the most in more than five years, worsening the outlook for the rupee that hit a record low a couple of days back.
India’s new RoO move to hit Bangla RMG export
A recent Indian government’s move to introduce rules of origin (RoO) in the name of protecting its local garment manufacturers might severely hurt Bangladesh’s export growth to its neighbour.
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