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Belt and Road initiative boost Xinjiang’s textile, garment exports

Related Keywords: attracting investment from eastern coastal regions, Belt and Road Initiative, capital of Xinjiang Uygur Autonomous Region, China, customs of Urumqi, exports to Russia, Kazakhstan and Kyrgystan, largest province Xinjiang, rapid growth, set up factories, textiles and garments exports, two major markets for Xinjiang, witnessed robust growth

China’s largest province Xinjiang in the north west witnessed robust growth in textiles and garments exports reaching 43 billion yuan (6.2 billion US dollars) during the first ten month of this year (Jan.-Oct. period), up 49 percent from the same period last year, according to the customs of Urumqi, capital of Xinjiang Uygur Autonomous Region.

Boost in textile and garment exports was seen due to the Belt and Road Initiative, local customs authorities said.

TPPA can help Malaysia create new industries

Related Keywords: attract investment from TPPA countries, Batik manufacturer, catalyst for innovation, Cliff Ink, collaborate with Matrade, creating entirely new industry, high technology for weaving, look into cotton and silk farming, Malaysia signing TPPA, Mida, set up factories, textile industry players

With Malaysia signing the Trans Pacific Partnership Agreement (TPPA), the textile industry players can now collaborate with the Malaysia External Trade Development Corporation (Matrade) and Malaysian Investment Development Authority (Mida) to attract investments from TPPA countries to set up factories here, said Batik manufacturer Cliff Ink Sdn Bhd Managing Director Michelle Lau Sook Yee.

TPPA will not only provide greater market access for exporters, but potentially create spin-off effects such as the creation of new industries.

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