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Related Keywords: ACIMIT, Association of Italian Textile Machinery Manufacturers, both in Italy and abroad, first quarter, grew twenty four percent, increase in orders, Italian textile machinery manufacturers, Italy textile industry, January to March, positive note, positive trend in major foreign markets, started the year 2017

The Italian textile machinery manufacturers have started the year 2017 on a positive note with increase in orders for the first quarter from both in Italy and abroad.

The orders index for textile machinery compiled by ACIMIT, the Association of Italian Textile Machinery Manufacturers, for the period from January to March, grew 24 percent compared to the same period in 2016. The index value stood at 113.7 points (basis 2010 = 100).

Related Keywords: advantages of trade agreements, EAEU, Eurasian Economic Union, first quarter, negotiation with other countries, observing good results, promising signs from new import markets, rapid growth from new markets, see growth in second quarter of this year, Vietnam Textile and Garment Group, Vietnam textile and garment sector, VN textile sector

The Vietnam textile and garment sector after observing good results in the first quarter due to rapid growth from new markets such as Eurasian Economic Union (EAEU), which saw a growth rate of 115% in Russia; and the Asian Economic Community (AEC) with growth of 17%, 11%, 38%, 24.5%, 36% and 5% from Thailand, Indonesia, Singapore, Laos, Cambodia and Myanmar, respectively, enters the second quarter (Q2) of this year with promising signs from new import markets, said General Director of the Vietnam Textile and Garment Group (Vinatex) Le Tien Truong.

Related Keywords: directly impacted by demand, domestic apparel manufacturers, EU and USA, first quarter, foreign retailers, Knit garment exports. Generalised Scheme of Preferences Plus, Sri Lankan apparel industry, Sri Lankan leading textile manufacturer, strong demand, Textured Jersey Lanka PLC, total apparel exports, witnessed growth rate

Sri Lankan apparel industry has witnessed 9.8 percent growth rate as strong demand was sustained from the EU and the USA in the first quarter of 2015. The apparel export to the US and EU increased by 8.8 percent and 10.9 percent respectively.

Over the year 2014-15 the total apparel exports from Sri Lanka accounted for 89 percent to the US and EU.

Textured Jersey Lanka PLC (TJL), Sri Lankan leading textile manufacturer said that the company is also directly impacted by demand from domestic apparel manufacturers and foreign retailers.