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The Chinese government well aware of the existing trade gap between China and Bangladesh has assured Bangladesh that they want to minimize it. In this connect, the China has offered to sign a free trade agreement with Bangladesh as an effort to narrow a growing trade gap, said the Bangladeshi foreign minister Abul Hassan Mahmood Ali.

Chinese Foreign Minister Wang Yi during his three day visit to Bangladesh made the proposal during talks with his counterpart in Dhaka in a move which local exporters described as a 'huge development.

Related Keywords: decrease in value of ruble, exports to Russia, losses in Russian market, ready-made clothing, Turkey, Turkey textile sector, Turkish Exporters' Assembly

Turkey has been experiencing difficult times with its exports to Russia which has declined by 14.6 percent, dropping to $6.57 billion in 2014 compared to $7.96 billion in 2013 due to the decrease in the value of the ruble.

According to the records of the Turkish Exporters' Assembly (TİM), Turkey's total exports rose to $157.62 billion with an increase of 4 percent in 2014. Unlike the increasing export rates in 2014, big losses occurred in the Russian market, having a large impact on all sectors, as Russia is one of the top export markets for Turkey.

Related Keywords: APTMA, CVD, e customs duty on yarn import, Indian cotton yarn, local textile industry, Ministry of Commerce, Safeguard Measures Ordinanc

All Pakistan Textile Mills Association (Aptma) has demanded for immediate remedial measures against the anomalous increase in dumping of Indian cotton yarn by the Ministry of Commerce (MoC). There is 100 percent rise in dumping of Indian yarn mainly fine counts meant to produce and launch around 140 products under different popular brands annually which is putting the viability of local textile industry at stake.

Related Keywords: Aulana, colored with pure gold, fiber technology, grower-owned sales and marketing company, International Surface Event, owned by New Zealand sheep farmers, Wools of New Zealand

Wools of New Zealand is a 100% grower-owned sales and marketing company owned by New Zealand sheep farmers to be unveiling its new fiber technology at the upcoming International Surface Event to be held on Jan. 20–23 at Mandalay Bay Convention Center, Las Vegas, Nevada USA.

The new technology which allows rugs made of New Zealand wool to be colored with pure gold. The proprietary process is called Aulana, and the technology’s science comes from early alchemical processes used to create the color in stained glass windows of Gothic cathedrals, Wools of New Zealand said.

Related Keywords: curb textile dumping, formulate protectionist policy, GES scheme on cotton, influx foreign textiles, NAMB, Nigerian Textile industry, sustain growth, textile and garments funds

The National Association of Microfinance Banks (NAMB) urged the Federal government of Nigeria to formulate and embark on protectionist policy that will curb large scale textile dumping and smuggling into the countries and enhance the development and sustained growth of the nation’s textile industry. It could be a major solution to the threats the Nigerian textile industry is presently facing.

Related Keywords: Berhampur, Berhampur Pata Handloom Weaver’s Welfare Association, government scheme, Kalsh designs, silk saris, the silk city, Weavers

Berhampur nicknamed as the silk city is one of the oldest and largest cities of Odisha famous for its pure silk saris with unique ‘Kalash’ designs despite of good demand throughout Odisha, the production level of Berhampuri silk saris is declining fast as the silk sari weavers are gradually leaving the traditional occupation owing to less income.

Related Keywords: bales of cotton, Ginners group, Pakistan Cotton Ginners Association (PCGA), Pakistan cotton market, PCGA, re-sampling of cotton, restoration of contracts, review purchasing plan, Trading Corporation of Pakistan

Trading Corporation of Pakistan (TCP) has been asked to review its purchasing plan by Pakistan Cotton Ginners Association (PCGA) and Ginners group as more than two million bales of cotton are lying unsold in their stock.

PCGA has called upon the government to act upon its plan to purchase one million bales of cotton through Trading Corporation of Pakistan (TCP) and issue clear cut orders for restoration of contracts and re-sampling of the cotton lying in different ginneries.

Related Keywords: dye cotton, HongKong investors, Huafu, Industrial park, Japan, Nam Phuong Textile Company, produce yarn, Singapore and Taiwan, textile project, TPP, Vietnam textile and dyeing projects, Vietnamese Ministry of Planning and Investment

Hong Kong investors have increased their investments in textile and dyeing projects in Vietnam in anticipation of cashing in on new opportunities when Vietnam joins the Trans-Pacific Partnership (TPP) and has move up to second position among biggest investors in Viettnam in 2014.

Related Keywords: bamboo and banana fibre, handloom, knitter, manmade fibre, powerloom, Sessions on shuttleless looms, Southern India Mills Association, Southern India Mills’ Association (SIMA), speciality yarn, TexFair 2015, Textile mills

Southern India Mills’ Association (SIMA) to organize Texfair 2015, ninth edition will bring together the manufacturers and suppliers of textile machinery, spares, accessories, components and the consumers such as textile mills, powerlooms, handlooms and knitters under one roof. The exhibition will focus not only on spinning, but also on weaving and processing sectors.

Related Keywords: Bali provincial administration, Bali textile, endek and songket, global market competition, protect local traditional fabric, textile motifs

In Bali, textiles are much more than just cloths from which garments are made. Beginning with the yarn and the woven cloth, they are a medium through which the divine nature of the universe and its material manifestations are recognized and expressed. To preserve the tradition and push for production and quality enhancement in line with market demands, the Bali provincial administration is drawing up a bylaw on the protection of local traditional fabric.