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Related Keywords: America, and Vietnam, Auriga Polymers Inc, filed by DAK Americas LLC, filed countervailing duty petitions, fine denier polyester staple fiber, fine denier PSF, from China, from china and India, India, Korea, Nan Ya Plastics Corporation, Petition for antidumping, Taiwan

Petition for antidumping (AD) on fine denier polyester staple fiber (fine denier PSF) from China, India, Korea, Taiwan, and Vietnam has been filed by DAK Americas LLC; Nan Ya Plastics Corporation, America; and Auriga Polymers Inc. They have also filed countervailing duty (CVD) petitions on fine denier PSF from China and India.

Related Keywords: Central Bank of Nigeria, due to influx of cheaper fabrice, during the fourth quarter, foreign textile, from china and India, in this current year, installed capacity, Nigeria textile industry, official foreign exhange, spend about USD one hundred forty millon, textile mills operating only forty percent, to import textiles, under performing

Nigerian textile import is on rise, in this current year during the fourth quarter Nigeria would spend about $140 million (N27.5 billion) on imported textiles. as the Nigerian textile industry is under perfoming due to the influx of cheaper fabrics from China and India, although there are about 30 operational textile mills but running only at an average of 40 percent of installed capacity. Foreign textiles are among the 41 items that will not benefit from official foreign exchange from the Central Bank of Nigeria (CBN).

Related Keywords: First Bank of Nigeria, from china and India, help revive Nigerian textile industry, hopes relation between Nigeria and Turkey, influx of cheaper fabrics, Nigeria financial think tank, Nigerian textile and apparel industry, Turkey are currently visiting Nigeria, Turkey important cotton producer, underperforming, well developed domestic textiles

Nigerian textile and apparel industry currently under performing amid the influx of cheaper fabrics from China and India with about 30 operational textile mills running at an average of 40 percent of installed capacity, according to Nigeria financial think-tank, relations between Nigeria and Turkey could help revive the Nigerian textile and apparel industry.

Most manufacturers within the industry have cited the high cost of financing as a major hindrance.