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Related Keywords: 200 tariff lines, EU, European Parliament, European Union's GSP, export, export 6, General System of Preferences Plus, GSP plus, manufacturing sector, PCCI, Philippines, Textiles, zero duty

The Philippines already enjoyed benefits from the European Union's GSP, wherein 2,442 products out of 6,209 are subject to zero duty while the rest have lower tariffs. But with the European Parliament completing the process to grant the Philippines request for inclusion in the European Union’s (EU) General System of Preferences Plus (GSP+). The Philippines can now export 6,200 tariff lines, including textiles

Related Keywords: BDL Group, build textile and garment factory, Chinese textile company, Ethiopian textile industry, influx of investment, Kingdom Holdings Ltd, manufacturing sector, multinational textile company, textile/fashion business

Ethiopia, Africa’s second most populous nation with the growing influx of investment in its textile business will enhance the country’s efforts to improve local companies engaged in the manufacturing sector.

While The Economist projects an annual growth of 7 to 8 percent through 2016 for the country, Ethiopia’s Government Growth and Transformation plan places growth rates of at least 11.2 percent per annum during a decade long period it set to achieve a middle-income status.

Related Keywords: Bangladeshi company, BDL Group, benefit farmers, business opportunity, create jobs, investment in Ethiopia, manufacturing sector, Mekele town, raw material, textile and garment factory

BDL Group, a Bangladesh-based company, has decided to make investment in Ethiopia as there are great business and investment opportunities in the country. BDL group will be constructing a textile and garment factory in Mekele town of Ethiopia which will involve an investment to the tune of over 765 million Birr.

The Group has entered into an agreement with the town administration and received 68 hectares of land for the construction of the factory.

Related Keywords: fibers and yarns, Garments, Indonesia textile association, Indonesian TPT industry, manufacturing sector, rupiah fluctuations, TPT exports

The textile and textile products (TPT) industry is one of the important manufacturing sectors in Indonesia, with gross domestic product (GDP) valued at Rp 172.4 billion (US$14.4 billion) in 2013. Currently, the TPT industry continues to encounter many challenges and uncertainties, based on that the Indonesian Textile Association (API) has estimated that Indonesian TPT exports will reach $12.9 billion in 2014 which is lower than the previous projection, which was $13.3 billion.