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Related Keywords: China Yiwu International Trade Fair for Textile and Garment Industry, cloth, Created in China, garment, glass plates, labels, latest textile machinery, non-woven fabrics, paper boards, PVC plates, T-Shirts, Textile Industry, umbrellas, varicose vein socks, Wenzhou Changs Machinery Co., wooden boards, YiwuTex 2018, YiwuTex 2018 is committed to promote innovation and sustainability in the textile machinery industry

With rising manufacturing cost and product diversification, manufacturers’ demand in high-tech and automatic machinery is escalating; textile production solutions which are more cost-effective and productive draw attention of manufacturers in different places. The 19th "China Yiwu International Trade Fair for Textile and Garment Industry" (YiwuTex 2018), a pioneer reforming and developing the textile industry, will be held on 17-19 May 2018 in Yiwu.

Related Keywords: accessories, Bangaldesh Finance Minister AMA Muhith, BGMEA urge withdrawal of tax at source, cloth, fiscal year, gradual drop in export growth, including RMG, proposed tax at source on all products, RMG products, taxes are paid on yarn, washing and end products

Bangaldesh Finance Minister AMA Muhith had proposed 1.5 percent tax at source on all products, including RMG, for 2016-17 fiscal year, but later cut it to 0.7 percent following demand by businesses.

However, BGMEA has demanded that the readymade garments sector be kept out of the purview of tax at source for next two fiscals since the industry experienced a gradual drop in export growth in past few years.

Related Keywords: apparel import, apparel of textile material, articles of apparel, causal wear, cloth, cotton fabric (woven), extra custom duty, fashion, FTA, grew at good pace, knitted crochet, mutual trade growth, Pakistan bilateral trade, Pakistan garment, Turkey

Pakistan’s bilateral trade with Turkey grew at good pace and crossed one billion dollar mark in 2010-11, but it started declining after the imposition of safeguard duties in August 2011 by Turkey to protect its domestic industry. The Government of Pakistan had been raising the issue at the highest level with the Turkish officials, but there had been no developments.

Related Keywords: cloth, cotton, fiber, garment products, Indian textile and garment material supplier, input material, largest importer, market share, Vietnam textile industry

At present, Vietnam is the world’s third largest importers of textiles and ranks fifth on the list of the largest suppliers of garment products. On the other hand, India is the world’s second largest producer of input materials for the textile and garment industry, such as cotton, cloth and fiber. Keeping this in mind, the Indian textile and garment material suppliers have drawn up a plan to raise their market share in Vietnam to 25 percent by 2018.