Pakistan’s trade with Japan has been on a declining trend for the last few months, which is not good for the country as the result Islamabad Chamber of Commerce & Industry (ICCI) has called upon the government to give priority to promoting trade with Japan.
The National Textile Policy is drafted with an aim to grab one-fifth of global textile business and increase export to $300 billion in the next decade will be placed before the Cabinet for approval after weaving in relevant comments from other Ministries and interest groups.
The Indian textile sector although has witnessed overall growth in terms of production of textile items and export during the year 2012-13, 2013-14 and 2014-15 (Apr-May). In the last two year about 29 cotton textile industries have closed in India.
As per available information, 29 cotton/man-made fibre textile industries were closed in India during last two years and current year as on 31.05.2014, said India’s junior minister of Textiles Santosh Kumar Gangwar while speaking to the lawmakers in Rajya Sabha, upper house of Indian parliament.
India's clothing exports to the FTA countries having increased significantly after signing of the FTA/PTA (Preferential Trade) agreements. The apparel sector are now pushing for expeditious finalization of India-EU Free Trade Agreement, to enable better market access that is already enjoyed by Bangladesh, Vietnam and Cambodia. Indian exporters total outbound shipments stood at USD 15.7 billion last year.
U.S. apparel imports witnessed drop in May compared to the same month last year, after surging 2.2% in April, total apparel imports (on a CIF basis) were $6.7 billion in May, a 2.4% drop from May 2013’s $6.8 billion. But in June, apparel imports are expected to have surged due to fears of an impending dockworker strike in California, so they expect to see a turnaround of this trend next month, according to data released by the U.S. Department of Commerce.
In recent years, the US textile and clothing exports have been growing at a steady pace. A big leap in US textile exports was seen from January to April 2014, during this period they exported textile and apparel worth US$7.857B, growth rate of 2.64 percent year-on-year. Mexico and Canada were to two countries who consumed bulk of textile and apparel exports made by the US.
Nepal’s readymade garments is one of the largest export sectors in terms of foreign exchange earnings apart from providing employment opportunities was almost on the verge of collapse but has changed in recent months. Nepal’s RGM sector has shown a sharp increase in its exports as peace and political stability have convinced foreign buyers to return, and demand from abroad has instilled confidence in garment entrepreneurs.
The Indian cotton yarn industry feeling the pressure as China has reduced its cotton yarn import after the announcement of China’s new cotton policy. India has witnessed drop by 25 percent in the month of April which is the effect of Chinese policy. Prior to the announcement of China’s policy, India export nearly 50 percent of yarn into China.
Last year the average exports was around 120 million kg which is mainly due to demand from China. But this April yarn exports has plunged to 90 million kg.
The International Trade Center has been making efforts to assist the Tajik textile and clothing industry to increase its export performance in the global market. As part of its endeavor two seminars were organized on Productivity, Profitability and Competitiveness for the textile and clothing industry in Khujand and Dushanbe.
India's Carpets and other Textile Floor Coverings exports in December- 2013 have raised to US$ 142.23 M, an increase of 7.78% compared to November 2013 as per export import market research.
According to Pradeep, Chief Research Associate of InfodriveIndia compared to November 2013, a increase of USD 142.23 M in December- 2013 has been noticed. He further gives a analysis and break up of major product categories , major countries and major Indian ports under Carpets and other Textile Floor Coverings as follows :
