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Alassolar exports its first cotton thread consignment to Portugal

Related Keywords: 000 through export, Alassol, Angolan textile company, based in municipality of Benguela, containing 156 toness, continue production, cotton thread to Portugal, entered into export business, exporting its first 15 containers, import raw material, invoiced US$500, lack of foreign currency in Angola, overcome, Portugal textile factories

Alassola an Angolan textile company based in the municipality of Benguela in Angola’s central coastal region has entered into export business by exporting its first 15 containers containing 156 toness of cotton thread to Portugal. The company has invoiced US$500,000 through the export of its first consignment recently, said company chairman Tambwe Mukaz. Such exports to Portugal textile factories will allow the company to overcome the lack of foreign currency in Angola and to import raw material and continue production.

Textile dept decides to take up issue on duty rationalization with PM

Related Keywords: CITI, excise duty, finished products, import raw material, Indian Department of textiles, Indo Rama Synthetics, issue of duty rationalization, make in India’ programme, man made fibre, PTA, taxed heavily, TUFS, with the PM

This is for first time that the Indian department of textiles has taken up the issue of “duty rationalization” with the PM, although it has noted that the approvals of other ministries are key to making such plans a reality. At present, man-made fibres attract a 12% excise duty while cotton fibres attract none. Similarly, imports of some of the raw materials for producing man-made fibres are taxed heavily and those of their finished products are taxed lower.

Indonesia likely to impose antidumping duty on filament yarn to deal with trade deficit

Related Keywords: antidumping, APSyFI, filament yarn, import raw material, Indonesia government, Indonesian Synthetic Fiber Producers Association, local product, Ministry of Economy, national industry, trade deficit, unfair trade practices. Indonesian Anti Dumping Committee

The Indonesian government is making all attempts to lower dependence on imported of raw materials and looking at way to substitute import raw material with local products. In this attempt, the Ministry of Economy in coordination with other minister are putting efforts to deal with the trade deficit which has surged from imported products and also has the potential to hit the national industry.
 

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