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Related Keywords: EIPET, free trade agreements, Indorama Ventures, recyclable PET packaging, sourcing feedstocks, sustainable packaging, sustainable PET business

Indorama is focused on balancing market needs for recyclable PET packaging, which has faced unparalleled economic challenges over last several years leading to uncompetitive supplies and disturbances in recent times.

The facility in Egypt will lead to easing supply concerns in North Africa and in the Common Market for Eastern and Southern Africa (COMESA) as well as the markets covered by the several Free Trade Agreements (FTA) which Egypt is a signatory to.

Related Keywords: amend environment regulation, establishment of textile and garment industrial zones, export value exceeded, free trade agreements, related authorities, review and adjust development planning for the industry, stable growth, suggested Government, under current planning, Việtnam Textile and Garment Association, Vietnamese textile industry, Vitas

The Vietnamese textile industry’s export value under the current planning was targeted to reach US$20 billion by 2020, but the figure exceeded $27 billion in 2015 and is expected to hit $31 billion this year. From 2010 to 2015, the industry had stable growth of export value of 15 per cent per year.
In the first half of this year, its garment and textile exports have reached $12.6 billion, representing a 4.72 percent year-on-year increase and accounting for 41 percent of the sector’s target for 2016.

Related Keywords: create opportunities and conditions, develop domestic suppliers of parts or material for manufacturing, developing markets to garment, free trade agreements, leather and footwear industries, origin rules for textile and garments, seek foreign investment, take advantage of the FTAs, Textile, Turkey have promoted investment in garment industry

Free trade agreements (FTAs) to create many opportunities and conditions in developing markets to garment, textile, leather and footwear industries as well as challenges due to origin rules for textiles and garments, said Ho Thi Kim Thoa, deputy minister of industry and trade.

Meanwhile, Phan Chi Dung, deputy head of the light industry department, said the textile, garment, leather, footwear, milk and paper industries have seen large billings for their exports, but materials for their production have been mainly imported.

Related Keywords: cotton textile exports, free trade agreements, Indian textile competitors, Indian textile exporters, textile imports in Canada, textile imports in China, textile imports in Europe, trade barriers, yarn import in Bangladesh

As cotton textile exports have declined 7.39% in August 2015 as compared to the corresponding month last year, Indian textile exporters have urged the government to facilitate free trade agreements (FTAs) with major importing countries including the European Union, Australia and Canada to remove trade barriers.

Related Keywords: areas such as textiles, corner greater share, Easier rules of origin, ensure Indian exports, export market, free trade agreements, Government of India, push bilateral deals, Regional Comprehensive Economic Partnership, reworking strategy, TPP, Transatlantic trade and investment partnership

The government of India as it revives its push for bilateral deals to corner a greater share of the export market is reworking its strategy on free trade agreements (FTAs). Rules of origin are at the heart of these agreements as they are meant to check routing of third-party goods via countries with which an agreement is signed.

Over the years, India has insisted on a system where at least 30-35% value addition takes place in a country with which it signs a trade agreement. In addition, there has to be a change of heading, which means yarn should be finished into a product.

Related Keywords: aiming increase total exports, double the size of production, free trade agreements, need to be well prepared, textile enterprises, TPP, Vietnam textile and garment sector, witnessed good growth

Vietnam textile and garment sector having witnessed good growth in exports in 2014 up by nearly 16 percent reaching $24.5 billion is now aiming at total exports of US$ 28 billion to $28.5 billion in 2015.

The textile and garment sector is expected to benefit from several free trade agreements (FTAs) that are likely to take effect. Owing to advantages accruing from the FTAs, the textile industry could double the size of production in ten years. However, textile enterprises need to be well prepared for the same.