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Related Keywords: cost of production, Cotton or white gold, domestic cotton purchasing companies, falling prices around the world, global cotton market, negative impact on cotton production, productive industry in Azerbaijan, suffering slow down

Cotton or white gold once a very productive industry in Azerbaijan is now suffering slow down. Over the past 18 years, production has dipped six fold in the country. Moreover, the amount of land allocated to growing cotton has fallen nine fold.

This year in Azerbaijan, more than 14,000 tons of cotton were collected in January-September while last year, the country produced 41,000 tons of cotton. However, fifteen years ago, cotton production was at 91,500 tons.

Related Keywords: boost exports, business related challenges, delay in strategic trade policy framework, lower global commodity price, Pakistan exports tumbling, power storage, TDAP, weakening external demand

Pakistan's exports are continuously tumbling from last some months due to the lower global commodity prices, weakening external demand, ongoing power shortages, and security and business climate related challenges. Despite all this, the government is yet to announce the strategic trade policy framework to boost the country’s exports.

Pakistan’s exports had come down by 13.42 percent to $6.9 billion during first four months (July-October) of the ongoing financial year 2015-2016 from $8 billion of the corresponding month of the previous year, Pakistan Bureau of Statistics data showed.

Related Keywords: Bithuja, closure of textile units in Balotra, dyeing facility, fulfilled by textile units, handloom clusters, lift ban on operation of textile units in Rajasthan, National Green Tribunal, order has specified certain conditions, Pollution Control Board, production flow across value chain, SIMA, surrounding areas of Jasol, weaving clusters

Southern India Mills Association (SIMA) expressed a big relief over the National Green Tribunal’s order on lifting the ban on the operation of textile units in Rajasthan.

In May, the NGT bench of Jodhpur had ordered the closure of 739 textile units in Balotra and its surrounding areas of Jasol, Bithuja in Rajasthan, for non-adherence to norms laid down by Pollution Control Board.

In China, semi-dull FDY70D/24F prices were unchanged in the last week of October while FDY40D were stable.

Nylon DTY 70D/24F prices rolled over at US$2.68-2.88 a kg and DTY 30D/10F were at US$3.46-3.62 a kg.

Monofilament 30D was flat at US$2.75-2.91 a kg and 1.5D staple fiber were at US$2.44-2.52 a kg.

Despite weak caprolactum and nylon chips pricing, nylon filament yarn prices remained range bound, excepting for POYs.

Moreover, non-textile yarn prices varied, with cord fabric edging down and staple fiber inching up.

Related Keywords: caprolactum price, nylon chips prices, nylon filament yarn prices, Nylon prices, nylon prices in China

In China, liquid good offers were down US$110 a ton while solid goods fell US$90 a ton in the last week of October.

Asian markers, the SE and FE were down US$10 a ton while trading values for East European goods also fell to US$1,350-1,370 a ton.

Caprolactum markets took weak signs with new capacity starting up, and prices went southbound on soft demand.

However, November contract nomination from Sinopec for high-end goods was hiked from October settlement.

Spot offers for liquid caprolactum fell from last week while discussions in Shandong softening.

Related Keywords: benzene prices, caprolactum price, caprolactum price in China, Nylon prices

Related Keywords: come to halt, construction activities, Gulbarga Textile Park, Handloom and Textile Department, invest their equity amount, new condition for promotors, non release of funds, share of state government funds, SITP, Textile Park, under the Scheme for Integrated Textile Parks

Only some land-levelling activities of the proposed textile park under the Scheme for Integrated Textile Parks (SITP), like the laying of the foundation stone for the construction of the compound wall and drainage construction has been carried out while all other construction activities have come to a halt due to the Handloom and Textile Department officials allegedly not releasing the share of the State government funds.

Related Keywords: Agriculture, Angola to open up investment opportunities, Angolan Ambassador to Nigeria, boosting economic and trade ties, culture, Dr. Eustoiquio Januorio Quibato, in textile, Investment from Nigeria to rise, Nigerian businessmen

Angola wants to open up investment opportunities in textile, culture, industry food production, mining which is the most profitable and agriculture for Nigerian businessmen. Angolan Ambassador to Nigeria, Dr. Eustoiquio Januorio Quibato has invited Nigeria business community to explore the abundant investment opportunities in the country. Investment from Nigeria is expected to rise to $2.3 billion in the next 5-6 years.

They are also making efforts to establish Angola-Nigeria chambers of commerce, with the aim of boosting economic and trade ties between the two countries.

Related Keywords: explore areas to enhance trade relation, Export development Board of Sri Lanka, hosting first high level forum, organizing Pakistan Single Country Exhibition, Pak Lanka business interaction forum, Pakistan second largest trading partner, promote bilateral investment, showcase the whole range of Pakistan’s industrial sector to Sri Lankan consumers

The Export Development Board of Sri Lanka is hosting the first high level Pak-Lanka business interaction forum to explore areas for enhancing trade relations and promoting bilateral investment between the two countries. IT will be held in Colombo on Nov 11, 2015.

The Pak-Lanka trade and investment talks are taking place in furtherance to the understanding reached between Prime Minister Nawaz Sharif and Sri Lankan President Maithripala Sirisena in April this year when the latter visited Pakistan.

The two sides had decided to take the bilateral trade and investment to new heights.

Related Keywords: Industrial Development Fund (FDI), Investment and Digital Economy of Morocco, Minister of Industry, Moula Hafid Elamaly, the Association Maroccaine des Industries du Textile et de l’Habillement (AMITH), trade, “Maroc in Mode et Maroc Sourcing”

During the inauguration of the 13th fair “Maroc in Mode et Maroc Sourcing” held by the Association Maroccaine des Industries du Textile et de l’Habillement (AMITH) in Marrakesh, the Minister of Industry, Trade, Investment and Digital Economy of Morocco Moula Hafid Elamaly underscored a weighty plan to accelerate the country’s textile sector

As a part of the Industrial Acceleration Plan , Rabat – Morocco sets to seek MAD 6.5 billion of textile exportations by 2020. This ambitious strategy is basically set in response to the professionalism of the sector operators.

Related Keywords: Asia and South America, boost producticvity, British luxury fashion house, Burberry Group, distributing outerwear, FTSE switch to making famous trenchcoat, given textile industry a new lease of life, other manufacturers, plant to invest in new factory in Leeds, tapping rolling demand for quality British products

Burberry Group plc is a British luxury fashion house, distributing outerwear, fashion accessories along with other manufacturers by tapping into rolling demand for quality British products in Asia and South America, have given the textile industry a new lease of life.

The FTSE 100 company will switch the making of its famous trenchcoat, which sells for more than £500, from two ageing plants to create about 200 new jobs in the city centre from 2019.