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Related Keywords: are traded freely with no tariffs, Euratex, European Union, further integrate the two economies, key bilateral trade agreement, process of negotiating TTIP, reduce tariffs benefits, relax other regulatory burdens, such as clothing, tariffs are higher, traditional manufacturers, two biggest economies, United States

The European Union and the United States, two of the biggest economies in the world are going far beyond what has been done previously in any agreement except the EU’s single market. They are in the process of negotiating the Trans-Atlantic Trade and Investment Partnership (TTIP), a key bilateral trade agreement intended to further integrate the two economies.

The two economic entities, which together account for around a third of world trade and half of world GDP, are already deeply integrated.

Related Keywords: Commerce Minister, European Union, Garments, GSP Plus status, home textile, Khurram Dastagir, Pakistan export, Pakistan textile exports, preferential tariff, towels

Pakistan’s exports to the European Union during the first 10 months (Jan-Oct) of 2014 advanced by 20 percent to $6.38 billion compared to the same period last year’s $5.3 billion was disclosed by Commerce Minister Khurram Dastagir during a seminar.

Dastagir said that the preferential tariff scheme boosted export of textile, leather goods, footwear and plastic products.

Pakistan’s textile exports to the EU increased from to $4.4bn from $3.6bn. The exports of garments grew by 28percent, home textiles by 30percent and towels by 23percent.

Related Keywords: bottlenecks, cotton, differential taxation, duty free import, European Union, fibre policy, Garments, India-Mercosr preferential trade agreement, Indian textile industry, man made fibre, Russia, trade agrement

The Indian textile industry representative in their presentation to the Union Government have urged to move forward with the trade agreements proposed with Russia and European Union and also address some of the bottlenecks that the textile and clothing industry is presently facing.

Related Keywords: CEPTEX, European Union, garment suppliers, textile and clothing sector exports, trouser supplier, Tunisian textile and clothing sector, work wear and lingerie

Tunisia is among the top 15 garment suppliers in the world has witnessed decline by 1.31 percent in its textile and clothing sector exports while imports has increased by 5.42 percent during the first eight month of 2014 compared the the same period last year according the Export Promotion Centre (CEPEX).

With a turnover of 3,444.380 MTD at export during the same period in 2014, the textile and clothing sector is the second exporter nationally after the mechanical and electrical industries with a share of 19%.

Related Keywords: AEPC, Canada and China, Europe, European Union, Focus Product Scheme, Indian textile industry, major importing countries, tariff barriers, Texprocil

The Indian textile industry is facing tariff barriers imposed by major importing countries such as from the European Union, Canada and China. While the competing countries such as Pakistan, Bangladesh, Cambodia and Vietnam have negligible duty. Hence to overcome these tariff barriers the Government has been urged to increase the export incentives under the Focus Product Scheme to seven percent from two percent.

Related Keywords: anti-dumping duties, apex body, BTIA, DIPP, dumping of Chinese products, European Union, FIEO, FIEO President Rafeeq Ahmed, Free trade agreement, trade deficit

India has a trade deficit of about USD 37 billion with the neighbouring country to overcome this and help boost India’s export; FIEO an apex exporter’s body today put forward a proposal for a free agreement (FTA) with China. In fact, India should resume the FTA with the European Union too.

According to FIEO President Rafeeq Ahmed, India will benefit by entering into FTA with China. The government should not hesitate to talk about this. If Thailand can have an FTA with China, India should also seriously look at this.

Related Keywords: 5.3 percent rise, bedwear, cotton cloth, European Union, GSP Plus status, Knitwear, Pakistan Bureau of Statistics, Pakistan textile export, raw cotton, readymade garment

The GSP Plus status granted to Pakistan by the European Union (EU) has boost textile export, a rise of 5.3 percent reaching the figure to $13.74 billion during last fiscal year (July 2013 to June 2014), as compared to $13.05 billion of the preceding year (July 2012 to June 2013), according to the Pakistan Bureau of Statistics (PBS) latest figures released on Wednesday.
 

Related Keywords: and marketing, designing, European Union, largest market, total export revenue, United States, Vietnam garment export

Vietnam garment exports in June alone, achieved over 1.89 billion U.S. dollar, up by 22.4 percent against the previous month, posting the first time high since January 2014. With this the first half of 2014 has reached over 9.38 billion U.S. dollars up by 19.8 percent year-on-year, accounting for 13.2 percent of the national total export revenue during the period, when garment replaced phone and accessories to top Vietnam's export items in terms of revenue, according to the General Department of Vietnam Customs latest statistics on Tuesday.
 

Related Keywords: Bangladesh, China, European Union, Garment Exporters, GSP plus, labour law, Pakistan, readymade garment industry, wage rate, zero duty access

EU being the largest market for Indian textile exports, Indian garment exporters have to face tough competition from neighbouring countries for export of readymade garments mainly due to zero duty access to European Union (EU) available to Bangladesh and inclusion of Pakistan in GSP plus by the EU. Apart from this, difference in wage rates, labour laws etc.
 

Related Keywords: European Union, indian garment, Indian Textile, Textile Ministry

India’s largest market for textiles being European Union, India is on the lookout for duty-free access for its garments and some other textiles items into the European Union for which the Textiles Ministry is in talks with Germany and the UK. The negotiating is going on at a Government-to-Government level. Textiles Minister KS Rao said that they want the EU countries to give them the same dispensation as Pakistan and Bangladesh.