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Related Keywords: attract FDI enterprise, boosting domestic production, completed equitisation plan, Deputy General Director, FTA, Hoang Ve Dung, inject money in Vietnam, invested in numerous textile and fibre projects, key export markets, likely to touch twenty eight billion USD, shipping garment products, top five largest apparel exporters, Vinatex

Hoang Ve Dung, Deputy General Director of the Vietnam National Textile and Garment Group (Vinatex) at a meeting with media on December 21 said that the Free trade agreements (FTAs) will give momentum to attract foreign direct investment enterprise to inject money in Vietnam while boosting domestic production.

Related Keywords: between minister of Industry and Trade of Vietnam and European Commissioner for Trade, comprehensive and ambitious trade and investment agreements, FTA, increase quality of investment flows from EU, increase Vietnam GDP, second agreement in ASEAN region after Singapore, transfer of green technology, Vietnam EU free trade agreement signed

The FTA is considered one of the most comprehensive and ambitious trade and investment agreements. The Minister of Industry and Trade of Vietnam, H.E. Vu Huy Hoang and the European Commissioner for Trade, H.E. Cecilia Malmström signed the Vietnam-EU Free Trade Agreement (FTA) on 02 December 2015, after nearly 3 years with 14 rounds of negotiations.

Related Keywords: BIDV, challenges from large rivals, conference entitled Garment and Textile, focusing on integration, FTA, Opportunities and Challenges, PPP, restructure to improve competitiveness, shortage of capital and backwards technology

A conference entitled Garment and Textile – Opportunities and Challenges, focusing on integration was held in Ha Noi yesterday as the development of Vietnam's garment and textile industry was behind other countries. Moreover, many domestic garment and textile companies would face more challenges from large rivals following integration.

Tran Quang Nghi, chairman of the National Garment and Textile Group (Vinatex), speaking at the conference said that a shortage of capital and backwards technology, along with weak management capacities, had created difficulties for the businesses.

Related Keywords: AKFTA, ASEAN Korea free trade agreement, certificate of origin norms, FTA, growth in Vietnam textile and garment industry, largest importer of textiles and garments, South Korea garment market, Vitas, zero tariff

The ASEAN - Korea Free Trade Agreement (AKFTA) led to a significant growth in Vietnam's textile and garment industry. According to its open-access commitment, Vietnamese textile and garment products that satisfy certificate of origin norms will enjoy zero tariffs once the agreement takes effect from January 1, 2016. Currently, Vietnamese firms pay a tax of 8 to 13 percent.

Related Keywords: bilateral trade revenue, boost bilateral trade ties, boost exports of textile and garment, EEU free trade agreement, FTA, Prime Minister Nguyen Tan Dung, Signing cermony, trade pact, Vietnam and Eurasian economic union

Prime Minister Nguyen Tan Dung is scheduled to leave for Kazakhstan on Thursday to attend the signing ceremony for the Vietnam – EEU Free Trade Agreement, according to Dau Tu (Investment) newspaper. One such trade pact is the FTA between Vietnam and the Eurasian Economic Union, which is slated for signing by the end of this month.

The EEU consists of Belarus, Kazakhstan, Kyrgyzstan, Tajikistan, and Russia.

Related Keywords: apparel tariff, enjoy zero import tax rate, EU Vietnam FTA, fabric and textile investors, Foreign textile and garment firms, FTA, Group construction, Hai Ha Industrial Park, invest into the park, plan to build production facilities, second production factory, South Korea Vietnam FTA, supply materials, Texhong Group, TPP agreement

Foreign textile and garment firms to enjoy a zero percent import tax rate under the commitments of free trade agreements (FTA) such as the Trans-Pacific Partnership Agreement, the EU-Vietnam FTA, and the South Korea-Vietnam FTA are moving is full swing with plans to build production facilities in ahead of FTAs in Vietnam.

Related Keywords: carpet exports, FTA, hand knotted carpet, handmade carpet, investment cooperation, MoU, Pakistan government, Pakistan textile imports, Pakistani textile and apparel exporter, protect Turkish industry, Turkey

Pakistan has been trying to convince Turkey to waive off or reduce 42.2 percent duty it has imposed on Pakistani textile imports since 2011, but Turkey has always been coming up with a negative response. To this, the government has finally taken decision to end its efforts to convince Turkish government.

Related Keywords: apparel import, apparel of textile material, articles of apparel, causal wear, cloth, cotton fabric (woven), extra custom duty, fashion, FTA, grew at good pace, knitted crochet, mutual trade growth, Pakistan bilateral trade, Pakistan garment, Turkey

Pakistan’s bilateral trade with Turkey grew at good pace and crossed one billion dollar mark in 2010-11, but it started declining after the imposition of safeguard duties in August 2011 by Turkey to protect its domestic industry. The Government of Pakistan had been raising the issue at the highest level with the Turkish officials, but there had been no developments.

Related Keywords: Agriculture, bilateral trade, Board of Investment, business to business meetings, energry, established in Pakistan, FTA, invest in Pakistan textile, Pakistan Turkey Busines Forum, private investors from Turkey, Turkish investors, Turkish SEZ

At the Pakistan-Turkey Business Forum attended by the prime ministers of both countries, the Board of Investment on Thursday announced that a ‘Turkish Exclusive Special Economic Zone’ would be established in Pakistan.

Turkish PM Ahmet Davutoglu said that the investors from his country can invest in Pakistan’s textile, energy, transportation, agriculture and other sectors.

Related Keywords: abolish U.S. tariff rates, Customs Union, EU market, FTA, improve supply chain, influences from free trade agreement, invest in material production, link fiber production, second largest exporter, TPP, US market, Vietnam Association of Garment and Textile, Vietnam textile and garment sector, with cloth production

Vietnam has been the second largest exporter of garment and textile products to the U.S. for the last several years. The annual export turnover from Vietnam to U.S. market has grown 12-13 percent in recent years while the North American nation’s import value has grown only 3 percent. These achievements were partly due to influences from free trade agreements.