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Related Keywords: account for a mere three percent, EU market, in the first six months this year attracted foreign direct investment, more than USD Seven hundred fifty million, reduced number of FDI projects. US withdrawal from the TPP, Vietnam Textile and Apparel Association, Vietnamese textile and apparel industry, Vietnamese textile and apparel products

The Vietnamese textile and apparel industry in the first six months of 2017 attracted foreign direct investment (FDI) of more than $750 million, despite a reduced number of FDI projects in recent years and the US withdrawal from the Trans-Pacific Partnership (TPP) last January. At the moment, Vietnamese textile and apparel products account for a mere 3 percent of the EU market.

Except for the notable $220 million Chinese investment in a polyester synthetic fibre plant in the southern province of Tay Ninh, capital flows comprise mostly capital expansion investments in existing projects.

Related Keywords: delegation, envirnomental laws, EU market, European Union trade office of GSP program, implementation of social standards, initiatives on energy conservation, material flow management, related to labour, review benefits of GSP plus facility, use of renewable energy, visited APTMA, water conservation

A delegation of the European Union trade office of generalised system of preferences (GSP) program led by Director General Marc Vanheukelen and Acting EU Ambassador HE Stefano Gatto visited All Pakistan Textile Mills Association to review the benefits of GSP plus facility to Pakistan and the progress done on implementation of social standards related to labour and environment laws.

Related Keywords: China and Japan, chinese market, eco-friendly Green Garment Factory., EU market, government target, GSP Plus facility, in export revenue, sign free trade agreement, Sri Lanka apparel sourcing association, Sri Lanka Chamber of Garment exporters, Sri Lanka garment exporters

Sri Lanka Chamber of Garment Exporters (SLCGE) and its partner Sri Lanka Apparel Sourcing Association (SLASA) expressed confidence of achieving this year’s government target of USD five billion in export revenue.

Related Keywords: abolish U.S. tariff rates, Customs Union, EU market, FTA, improve supply chain, influences from free trade agreement, invest in material production, link fiber production, second largest exporter, TPP, US market, Vietnam Association of Garment and Textile, Vietnam textile and garment sector, with cloth production

Vietnam has been the second largest exporter of garment and textile products to the U.S. for the last several years. The annual export turnover from Vietnam to U.S. market has grown 12-13 percent in recent years while the North American nation’s import value has grown only 3 percent. These achievements were partly due to influences from free trade agreements.

Related Keywords: apparel production sector, Brazil, diversify exports from US, EU market, Free trade agreement, Gangwa, import apparel, MERCOSUR union, Russia, Tamil Nadu textil entrepreneur, Texpreneurs Forum, Transpacific Trade Pact, Union Minister of state for textile

A delegation of Tamil Nadu based textile entrepreneurs, led by Prabhu Damodaran, secretary of Texpreneurs Forum during their meeting with the Union Minister of State for Textiles S.K. Gangwar on Wednesday expressed the need to diversify the exports from United States and European Union market to sustain competitive in the apparel production sector.

The delegation also drew attention on the need for policy alterations to help expand exports of textile products to emerging market.

Related Keywords: duty free access, EU market, Generalized System of Preferences, investment opportunity, Kyrgystan textile sector, Kyrgyzstan, reduced customs duty, Textile

Kyrgyzstan has been using the scheme of Generalized System of Preferences (GSP) since 1993. Under this scheme, the EU provides preferences for the import of about 7,000 items. Of these, 3,300 headings provided duty-free access, and 3,700 apply reduced rates of customs duties.

Kyrgyzstan plans to join the updated system of general preferences of the European Union, the Ministry of Economy of the KR reported.

Related Keywords: cotton yarn, cotton yarn price, demand for textile, EU market, fabric, festival season, garment making unit, Indian textile market, made-ups, SIMA

Although India saw demand for cotton yarn from China on a declining trend and the European Union market for fabrics and made-ups mired during the last four months. However, the demand for textiles would be picking up soon in India with the festival season just round the corner.
 
Drop in export demand for cotton yarn and the slowdown in the domestic market are only temporary and yarn manufacturers should not panic because of the “temporary slothfulness in the market, according to chairman of Southern India Mills’ Association (SIMA) T. Rajkumar.

Related Keywords: EU market, TPP agreement, Vietnam garment industy, zero tax rate

International firms seek to take advantage of benefits the country will potentially gain with the signing of Trans-Pacific Partnership (TPP) Agreement. Foreign investment in Vietnam's textile and garment sector is increasing rapidly.
 
The textile and garment industry in the TPP member countries is expected to benefit the most from the trade deal. Specifically, products made from domestically sourced materials or imported from other TPP member countries will enjoy zero tariff when being exported to signatory countries.
 

Related Keywords: EU market, TPP agreement, Vietnam garment industy, zero tax rate

Vietnam on entering into an agreement with two leading markets, the US and EU will see a boost in its textile and garment industry. With the signing of Trans-Pacific Partnership Agreement (TPP) and Vietnam-EU Free Trade Agreement, the Vietnamese garment and textile products will start enjoying the benefit of zero percent tax rate in the US and EU markets.

Currently, the average tax rates applied to the Vietnamese garment and textile products in the US and EU markets are 17.5 percent and 9.6 percent respectively.