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Related Keywords: agricultural products, bilateral trade, India, machines and equipment, materials for garments and textiles, textiles and garments, trade partner, trade turnover, Vietnam

The Vietnam-India bilateral trade turnover in the first 11 months of the year reached US$5.15 billion, posting an 8.37 per cent year-on-year increase. The two-way turnover has increased by an average 16 percent each year since 2009, making the two countries became important trade partners.

During Vietnamese Prime Minister Nguyen Tan Dung's official visit to India in October, the two countries agreed to take measures to promote bilateral trade to reach a turnover target of $7 billion in 2018, and $15 billion by 2020.

Related Keywords: bilateral trade, garment export, government assistance, Make in India, move value chain, Tamil Nadu textile industry, Texpreneurs Forum, textile goods export

Tamil Nadu textile industry has lot of potential and is looking for government’s assistance to move up in the value chain. Their share of yarn exports was nearly 60 percent. The industry in the State accounts for exports of textile goods worth ₹75,000 crore a year. The value-added garments’ export was worth ₹30,000 crore. Keeping this in view the Centre in this regard needs to take necessary steps.

Related Keywords: Association of Italian Textile Machinery Manufacturers, bilateral trade, export market, Garments, import market, interested in Vietnam, Italian companies, Italy and Vietnam, ministry of industry and trade, Textiles

Italy is Vietnam's eighteenth largest export market and fifteenth largest import market. Vietnam’s export to Italy has surged by 18.2 percent reaching US$2.5 billion, while its imports from Italy has touched US$1.19 billion in the past 11 months (January to November), according to the Ministry of Industry and Trade.

According to Raffaella Carabelli, president of the Association of Italian Textile Machinery Manufacturers, Italian companies remain interested in Vietnam, a growing market with untapped co-operative opportunities and high consumption demand.

Related Keywords: bilateral trade, Indian apparel industriies, Indian Apparel Manufacturers, lower import tariff duties, New Delhi, organized apparel segment, showcase technical textile, Taiwan, Taiwan Textile Fair, worth uS4 to 5 million

The Taiwan Textile Fair opened in New Delhi yesterday to showcase technical textiles to Indian apparel manufacturers. On 21,22 November it will be held in Bengaluru, after which it moves to Sri Lanka. This year's edition is expected to generate business worth USD 4 to 5 million in all three venues combined.

The fair will also introduce Indian manufacturers to new product categories to develop for the growing demand in the domestic as well as export market .

Related Keywords: agri product, bilateral trade, Consul General of Switzerland, Emil Wyss, exchange of delegation, international trade fair of Switzerland, Pakistan, Pakistani business community, Switzerland, Textile, trade potential

Pakistan and Switzerland are facing bilateral trade deficit, despite enormous trade potential between Pakistan and Switzerland. Consul General of Switzerland Emil Wyss during his visit to Pakistan Chemical & Dyes Merchants Association encouraged the Pakistani business community to augment the exports of textile and agriculture products to Switzerland.

Related Keywords: Africa Growth opporunity act, bilateral trade, Canandian government, establish marketplace, explore new avenues, export Swazi textiles, local textile, Shawn Barber, suspension of Swaziland, Swazi textiles, Swaziland textile industry, the High Commissioner of Canada to Swaziland

Swaziland has suffered a setback after the recent announcement made by United States of America President Barack Obama on the suspension of Swaziland from the Africa Growth Opportunity Act (AGOA).

The Canadian government is planning to explore new avenues to establish market place for the local textile industry of Swaziland.

Related Keywords: bilateral trade, Trade ties, Trans-Pacific Partnership, US, US businessees and representative, US-Asean Business, Vietnam

Vietnam’s Deputy Prime Minister Vu Van Ninh meets US parliamentarians and businesses to discuss measures to boost bilateral economic and trade ties as Vietnam would continue to coordinate with the US and other parties to step up negotiations for the Trans-Pacific Partnership (TPP).

Related Keywords: bilateral trade, China, chinese market, coir fiber, cotton, Free trade agreement, FTA, Garments, President Xi Jinping, Sri Lanka, Textile, trade and economy

Sri Lanka and China both anticipate that Chinese President Xi Jinping's visit to the island tomorrow, a first by a Chinese head of state in 28 years, will expand cooperation and ties in trade and economy between the two countries.

According to the government of Sri Lanka, both countries in recent years have developed increasingly closer economic and trade relations and a proposed free trade agreement (FTA) between the two countries will boost Sri Lanka's future development.

Related Keywords: 3 billion pounds, bilateral trade, export of high value-added textile product, new high-growth sectors, Pakistan trade with England, United Kingdom

Pakistan’s trade with England currently stands at 2 billion pounds out of which Pakistan’s exports are 1.4 billion pounds. Federal Minister for Commerce, Engineer Khurram Dastgir Khan on Wednesday expressed the government is determine to augment bilateral trade up to 3 billion pounds with United Kingdom in the coming years.

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.