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Related Keywords: Chinese investors, cotton yarn export, cotton yarn import, export prices of yarns, Indian textile industry, Indian yarn export, Spun yarn export, spun yarn import, top yarn exporting countries, top yarn importing countries, TPP, Vietnamese apparel plants, yarn export to bangladesh, yarn export to china, yarn export value, yarn export volume, yarn import from Vietnam

The deceleration in spun yarn exports of India slowed down in November 2016 having fallen 21 per cent in volume terms and 14 per cent in value terms. Spun yarn (all kinds) shipments were at 90.1 million kg worth US$261.1 million or INR1,733 crore, implying per unit realisation of US$2.90 per kg which was down US cents 11 from previous month and up US cents 24 as compared to November 2015.

Related Keywords: Capital Kigali, Chinese investors, Chinese investors to train local tailors, create job, develop its own textile industry, import second hand clothes, joint venture to set up garment factory, Rwanda to cut imports of garments, spends over fifteen million dollars

Rwanda wants to develop its own textile industry, cut imports of garments and create jobs through the factory for which the Rwandan government is contemplating a joint venture to set up a garment factory in the capital Kigali with Chinese investors.

As every year, the East African nation is said to spend over 15 million dollars importing second hand clothes. Last year, imported clothes both new and second hand cost Rwanda over 100 million dollars.

Related Keywords: Chinese investors, Chinese VP, Special Economic Zones, Tanzanian Export Processing Zones, Tanzanian textile sector

The boost in Tanzanian textile sector will help attract more Chinese investors which will benefit of both countries. Chinese Vice President, Li Yuanchao during his last week’s visit to Tanzania assured there will be increased investment by his countrymen should the textile industry in Tanzania continued improved performance. Vice President, Li Yuanchao, toured the Chinese owned Tanzania Tooku Garments Co. Ltd that was established within one of the Export Processing Zones in Dar es Salaam in 2011 specializing in the research, development and production of garments.

Related Keywords: Chinese investors, textile and garment, Vietnam

The Trans-Pacific Partnership (TPP) of which Vietnam is a member is in the final stretch of negotiations, will lower import taxes in many large member economies like the US, Canada, Australia, and Japan. China is not a member. Import tariffs in the US, the biggest buyers of Vietnam’s leading export, textiles, will be cut from 17-32 percent now to zero. Chinese firms have started making their move into Vietnam to set up garment and textile factories to take benefit of the TPP.

Related Keywords: Chinese investors, Vietnam textile and garment sector

Chinese investors are pouring money into Vietnam’s two main business fields – textile & garments and real estate. A report of the Foreign Investment Agency showed a “high jump” of the Chinese foreign direct investment (FDI) in Vietnam with the total registered FDI capital reaching $2.3 billion in 2013, much higher than the $345 million in 2012.