YnFx logo
FacebookFacebookFacebook

News Tags

warning: Creating default object from empty value in /var/www/html/html/vhosts/ynfx_drupal/modules/taxonomy/taxonomy.pages.inc on line 33.

Government gets encouragement from Textiles body for duty free access to China

Related Keywords: CITI, cotton textiles, cotton yarn, duty-free access to the Chinese market, fabric and made-ups, textile and apparel products, textile industry body, yarn

Sanjay Jain, chairman, CITI, said in a letter written to the government recently that, "However, the trend has been reversed constantly since then and India is losing business to nations like Vietnam, Indonesia, Pakistan and Cambodia, who enjoy duty-free access to the Chinese market." He educated that Indian products carry 3.5 per cent, 10 per cent and 14 per cent duty on yarn, fabric and made-ups, respectively.

Egyptian garment and textile exports may take time to see surge in sales

Related Keywords: cotton textiles, currency control tightened, Egypt biggest manufactured exports, exports of garment plummeting, focus on spinning, garments and textiles, Minya project, new city dedicated to textiles manufacturing, pound against the dollar, pricing its products out of international market, suffered badly since central bank began pegging

Egypt’s biggest manufactured exports are garments and textiles. The industry suffered badly since the central bank began pegging the pound against the dollar after Egypt’s uprising in 2011, pricing its products out of the international market. The problem became more acute as currency controls tightened over the past couple years, with exports of garments plummeting by 14.7 percent in the year to end of June and those of cotton textiles by 7.2 percent, according to central bank figures.

Copyright © 2014 Centerac Technologies Limited. All Rights Reserved
-->
feedback button