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Related Keywords: demand, global market, importing countries, jute good exports, Khulna-Jessore industrial belt, Mandatory Jute Packaging Act 2010, political instability, state-owned jute mills

The State-owned jute mills of Khulna-Jessore industrial belt in Bangladesh has witnessed sharp decline in jute goods exports due to lack of demand in global market, particularly because of political instability in major importing countries.

The Jute mills registered 38.65 percent decline in export of jute goods in the just concluded fiscal compared to its preceding fiscal.

Related Keywords: bilateral trade, Commerce and Industry Minister, direct trade, FDI, man-made filaments, MFN status, Pakistan and India trade, SEZ, transaction cost

Pakistan has not yet granted the most favoured nation (MFN) status to India while India granted the status way back in 1996. With Pakistan granting the MFN status to India, it will open new clear direct trade between the two countries and also help in reducing transactions cost.
 
According to Commerce and Industry Minister Nirmala Sitharaman, with the grant of MFN status the trade would then take place bilaterally at significantly lower cost. It will also restore Pakistan's international commitment under WTO of reciprocity to MFN status.
 

Related Keywords: Cotton market, cotton prices, Ginners, mills and spinners, Pakistan cotton market, spot rate

Prices on the cotton market remained firm in the process of meek trading as mills and spinners kept on the sidelines ahead of Eid-ul-Fitr holidays. The official spot rate held the overnight level at Rs 5800. The prices of seed cotton in Sindh and Punjab stayed unchanged at Rs 2800-2900.
 
The mills were not taking interest in purchasing of cotton due to quality factor, the fall in the business activity is attributed to ginners' attitude toward new deals as most of them were not in favour of deals at the present levels.
 

Related Keywords: bilateral levle, Ghanaian textile industry, new strategy, pirated Ghanaian textile, taskforce, textile design

After several calls on government to tackle the widespread pirating of Ghanaian textile designs, Ghana is likely to work closely with the Chinese government as part of a new strategy to combat the importation of pirated Ghanaian textiles from China at the bilateral level.
 

Related Keywords: 5.67 million acres of land, cotton bales, cotton grower, cotton sowing, Pakistan cotton industry, Punjab region

This season with Punjab managing to sow cotton on 5.67 million acres of land that is more than 227,000 acres from last year is now looking ahead to getting closer to 10 million cotton bales out of it.
 
Of the total area, 13 per cent was sown what is termed as early crop. The rest 87 per cent was sown after May 15 – regular sowing period for the crop.
 

Related Keywords: duty free import, export target, Interest Subvention Scheme, Ministry of Textiles, same as last year, schemes under Foreign Trade Policy, textile product

The Ministry of Textiles has fixed an export target of USD 45 billion for textile products for the current year 2014-15, after discussion with the Industry. In fact, there is absolutely no change done in the target from last year’s, which was set at USD 45 billion for textile product.
 
The set target was informed by the Minister of State (Independent Charge) in the Ministry of Commerce & Industry, Nirmala Sitharaman in a written reply in Lok Sabha on Friday.
 

Related Keywords: Cotton market, cottonseed, hectic buying, Karachi Cotton Association, Phutti arrivals, spinning mill owner, trading activity

Some hectic buying was witnessed on the cotton market from spinning mill owners ahead of Eidul Fitr holidays due to which there was some improvement seen in trading activity on Thursday.

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Phutti arrivals could not improve as growers were reluctant to sell their produce at lower prices, but there were some weaker links among them trying to sell at prevailing low rates to meet their Eid-related expenses.
 
Deals were finalised at Rs5,850 and Rs6,000 in Punjab and Rs5,800 and Rs5,950 in Sindh.
 

Related Keywords: Association of Indian Industries, bilateral trade opportunities, Festival of Friendship, Made in Pakistan Expo, Pakistan Fashion Show, PRGMEA, top-end designer wear

After the great success of the 1st Made in Pakistan Expo in Mumbai in April 2014, Pakistan Readymade Garments Manufacturer and Exporters Association (PRGMEA) with the support of Association of Indian Industries are organising the 2nd Made in Pakistan Expo in Mumbai titled "Festival of Friendship" at World Trade Centre, Mumbai.
 
During the six-day event, besides the exhibition, delegation of high-profile Pakistani businessmen would also visit India to explore bilateral trade opportunities in various sectors.
 

Related Keywords: bank, fix sub target, handloom sector, handloom weaver, lending, Textile Ministry, weavers' credit cards

The Textiles Ministry, Santosh Gangwar to urge its Finance counterpart to fix a sub-target for the handloom sector under priority sector lending as banks not keen to sanction loans for the handloom sector.

Ministry of Textiles has been regularly pursuing the matter with Ministry of Finance and banks to extend loans to handloom weavers and their organisation as a regular agenda of state-level bankers' committee.

Related Keywords: Australian and US cotton industry, Cotton LEADS program, cotton producer, fabric fiber, global cotton textile, growing practices, supply chain, textile businesses

Cotton LEADS, a joint program established by Australian and U.S. cotton industries, which is designed to advocates and raise awareness of the responsible growing practices and commitment to continuous improvement among cotton producers for the popular fabric fiber was launched in October of 2013 gets support of more than 200 textile businesses across the global cotton textile supply chain.