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Related Keywords: Asia a major source, Datuk Ahmad Maslan, demand for textile and apparels, Deputy International Trade and Industry Minister, global demand for high quality textile and clothing, increase further to USD one hundred sixty billion, major importing countries, Malaysian textile and apparel exports, rising purchasing power, see rise by ten percent

Malaysian textile and apparel exports see rise by 10 percent in the first half of 2016 from RM6.33 billion to RM6.99 billion a year ago. The demand for textile and apparels is expected to increase further to US$160 billion (RRM641.2 billion) at the end of 2018, said Deputy International Trade and Industry Minister Datuk Ahmad Maslan.

The surge is driven by increasing global demand for high quality textile and clothing from Malaysia, as well as rising purchasing power in major importing countries, namely the US, European Union countries, and Canada.

Related Keywords: AEPC, Canada and China, Europe, European Union, Focus Product Scheme, Indian textile industry, major importing countries, tariff barriers, Texprocil

The Indian textile industry is facing tariff barriers imposed by major importing countries such as from the European Union, Canada and China. While the competing countries such as Pakistan, Bangladesh, Cambodia and Vietnam have negligible duty. Hence to overcome these tariff barriers the Government has been urged to increase the export incentives under the Focus Product Scheme to seven percent from two percent.