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Related Keywords: coastal textile hubs, Cotton Corp of India, cotton prices overseas, cotton sowing, Indian cotton import, lower freight costs, new cotton, spinning mills, weak monsoon

India’s cotton import witnesses rise in recent week as cotton sowing has been delayed this year due to weak monsoon raising concern about production followed by sharp decline in cotton prices overseas.

Mills in the coastal textile hubs of southern India have started bringing in shiploads of cotton from Africa due to lower freight costs and as benchmark prices fell to a five-year low on Aug. 1 because of the prospect of ample global supply.

Related Keywords: apparel industry training, JUKI sewing machines, KOICA, Korean government, new development, sewing training plant, SLITA, Sri Lanka apparel revenue

With Sri Lankan apparel revenues touching $2.4 billion in 1H of 2014 in a new development, Korean Government along with Korea International Cooperation Agency (KOICA) has extended its support to boost industry capacity in North-and Sri Lanka’s crucial apparel industry training efforts have now expanded to regions for the first time.
 

Related Keywords: fair playing field, FTA with EU, private business, SOE's, tariff exemptions, Trade agreement, TTP agreement, Vietnam National Textile Garment Group, yarn-forward rule

A new generation of trade agreements like the US-led Trans-Pacific Partnership (TTP) Agreement and the Free Trade Agreement (FTA) with the European Union require member countries to create a fair playing field for private business but this is likely to clear preferential treatment for state-owned enterprises (SOEs), raising concerns about their ability to survive.
 

Related Keywords: Ajay Shankar Committee, apparel, employment generation, finished products export, home furnishing, Technical textile, textile and garment export, textile vision document

The textile vision document prepared by the Ajay Shankar committee, proposes export of only finished products. This would involve growth rate of apparel, home furnishings, technical textiles and other finished products be grow very rapidly. As it forecast textile and garment exports worth $300 billion by 2024-25.
 

Related Keywords: cotton price, cotton yarn, Pakistan cotton market, phutti, Spinners, Trading on ready counter, world market, yarn

Cotton prices in the local Pakistan market continued to remain under pressure on Monday because of slowdown in demand for yarn in line with the trend in world market.
 
Most of the cotton growing countries are expected to harvest bumper cotton crop this season are also keeping prices under pressure.

Besides, slow demand for cotton yarn in the domestic and world markets is also affecting rates.
 

Related Keywords: cabinet approval, export, FDI, law labour, market diversification, National textile policy, textile business, traditional products

The National Textile Policy is drafted with an aim to grab one-fifth of global textile business and increase export to $300 billion in the next decade will be placed before the Cabinet for approval after weaving in relevant comments from other Ministries and interest groups.
 

Related Keywords: African exports, African leaders, AGOA, duty-free access, trade benefits program, US-Africa summit

South African President Jacob Zuma, is leading a major charge by the government and business at the US-Africa summit in Washington this week to win renewal of African Growth and Opportunity Act (AGOA) when it expires next year.
 
USA being urged to renew a trade benefits program giving duty-free access to billions of dollars of African exports for 15 years. As almost 95 percent of South African exports receive preferential treatment under AGOA.
 

Related Keywords: design, garment importer, Japan textile importers association, Pakistan garment exports, Pakistan textile producers, quality standard

The Japan Textile Importers Association having sensed Japan was the third largest garment importer of the world following USA and Germany and offered huge potential for Pakistan’s exporters. Japanese garment buyers invited Pakistani producers to tap their market as they intend reduce dependency on China, the largest supplier worldwide.
 
Japan Textile Importers Association in a presentation to Trade Development Authority of Pakistan (TDAP) has underlined the business opportunities and presented the guidelines for tapping the Japanese market.

Related Keywords: Angolan economy, Textile Industry

A positive step has been launched in favour of the economy of Angola. The ameliorating textile industry of Angola can help to broaden the horizons of the Angolan economy. Diversification of the economy to shield it against volatile oil prices has been on the Angolan political agenda for many years and should be backed by US$5 billion provided by the Angolan Sovereign Fund launched in October 2012.
 

Related Keywords: 6percent growth, ACIMIT, domestic market, foreign market, Italian machinery manufacturers, Italian textile machinery, ITMA

The Italian textile machinery orders have recorded a 6 percent increase for the second quarter of 2014 compared to the previous quarter. This growth in orders came entirely from the foreign markets, for which an increase of 8% was recorded for the period from April to June, according to the Association of Italian Textile Machinery Manufacturers (ACIMIT). Foreign demand appears to be experiencing revitalization. They were able to ascertain this at the recent ITMA Asia, held in June in Shanghai.