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Related Keywords: Comprehensive Economic Partnership Agreement, export synthetic based garments, favourable cotton yarn prices, Free trade agreement, National textile policy, poised to reach the tartget, ready-made garment exports, Tamil Nadu Textile policy, Tirupur Exporters Association, Tirupur knitwear exports, with Canada and Australia

Tirupur knitwear exports is which currently having all-India market share of 44.29 percent with outbound shipments grown to Rs20,730 crore in 2014-15, is poised to reach the target of Rs36,000 crore by 2016-17 once the industry starts exporting synthetic-based garments, which have a market throughout the year globally, said President A Shaktivel of Tirupur Exporters Association at its 25th Annual General Meeting.

Related Keywords: Asean countries, between the European Union, concluded negotiations, export duties, Free trade agreement, legal clean up and national ratification remain, liberalise duties, lift EU duties on textile, Vietnam

A free trade agreement initialed between the European Union and Vietnam recently announced that they had concluded negotiations on a bilateral free trade agreement (FTA). Only legal clean-up and national ratification remain to be done on the EU Vietnam FTA (although ratification can take quite some time, as has happened with the EU-Singapore FTA).

Related Keywords: articles of apparel and clothing accessories, boost intra-industry trade, comparative advantage in cotton yarn and woven textiles, double the volume of bilateral trade, Free trade agreement, knitted or crocheted fabrics, made up textiles, Pakistan and Thailand, ready-made garments, start first session of negotiation

The first session of negotiations on Free Trade Agreement between Pakistan and Thailand will take place in Thailand on September 27-28 this year. This was agreed during the meeting held by the Minister for Commerce, Engr. Khurram Dastgir Khan with the Minister for Commerce of Kingdom of Thailand General Chatchai Sarikulya on Thursday.

Related Keywords: all textiles and apparel products, allow exporters to enjoy preferential access, betwwen Malaysia and Turkey, comprise textiles and clothing, Free trade agreement, Key exports to Turkey, Malaysian business community, MTFTA, Turkey will eliminate duties, will come into effect this year

The government's four years of efforts to unlock economic potentials with Turkey finally has paid off with the free trade agreement between the two nations will come into effect on Aug 1 this year. Trade and Industry Ministry Secretary-General Datuk Dr Rebecca Fatima Sta Maria said that both Malaysia and Turkey will commence the respective ratification procedures after the signing yesterday.

Related Keywords: double size of production, Free trade agreement, largest economic sector, next textile and garment hotspot, textile export, TPP agreement, Vietnam Textile and Apparel Association, Vietnam textile and garment industry

Vietnam’s textile and garment industry is one of the largest economic sectors in the country, consisting 4,000 enterprises with a turnover of US$20 billion a year, accounting for 15% of. According to the Vietnam Textile and Apparel Association, textile and garment products are exported to 180 countries and territories in the world. In 2015, textile and garment industry is aiming at total exports of $28.5 billion.

The textile industry has been witnessing a steady growth over the recent years and pushing the country to become one of the top textile exporters in the world.

Related Keywords: costs of operating, Free trade agreement, HKTDC. identify alternative production bases in Asia, Hong Kong textile and garments houses, Hongkong firms, scouting neighbourhood, shift production lines, surging labour, value-added production

Hong Kong firms are scouting the neighbourhood to shift their production lines. With the mainland encouraging wages to rise, Hong Kong companies with operations across the border are increasingly looking for new options.

Hongkong is thus eyeing pointers from early movers like Fountain Set. One of Sri Lanka's largest knitted fabric manufacturers, Ocean Lanka which is a joint venture between Hong Kong-headquartered and listed Fountain Set and Sri Lankan apparel majors Brandix and Hirdaramani may be an apt find for their hunt.

Related Keywords: duty on textile increased by Turkey, expand trade cooperation, Free trade agreement, Heart of Asia, Istanbul process, Pakistan to boost trade ties, Turkey, Turkish companies investing in Pakistan

Pakistan focusing on boosting trade ties Turkey, as Turkey has a very rich experience in infrastructure projects and there are many good and prominent Turkish companies investing in projects in Pakistan. Pakistan’s National Security and Foreign Affairs Adviser Sartaj Aziz Aziz said that Pakistan wanted both countries to expand their trade cooperation further.

In the last few years, the number of Turkish companies active in Pakistan increased. However, the trade volume has been reduced because of Turkey’s increased duty on textile.

Related Keywords: ASEAN countires, broaden export base, China, concession on high value products, Free trade agreement, mutual benefit basis, Pakistan, PCFTA

Pak-China Free Trade Agreement (PCFTA) has been in effect since 2006. The two countries Pakistan and China held talks on Monday to review the performance of the PCFTA and to put forward necessary changes required in the FTA which will be beneficial for the two countries. This was the third meeting of the second phase negotiations of the agreement.

During the PCFTA review, the Ministry of Commerce (MoC) expressed its concern over the insufficient utilization of the facilities provided under the PCFTA in which only few sectors have been able to take advantage of the favorable tariffs.

Related Keywords: finished goods, Free trade agreement, Haris Munandar, ideal tariff system, import duties, Indonesian government, Industry Ministry’s director of Industry Climate and Quality Policy Research Center, Textile

The Indonesian government to regularize its tariffs is evaluate the possibility of raising import duties on a wide range of finished goods. According to Industry Ministry’s director of Industry Climate and Quality Policy Research Center Haris Munandar, the potential hike will cover 741 out of over 10,000 existing tariff codes in the current customs system, cover textiles.

The step will support their goal to reach an ideal tariff system where [imported] finished products are charged with higher duties compared to raw materials or intermediate goods.

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.