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Cotton yarn exports fall to 25% in Q1

Related Keywords: China, CITI, Confederation of Indian Textile Industry, cotton, export, fibre, government, Industry, tax, yarn

The export of cotton yarn has dropped 35% in the first quarter of FY20 to $696 million compared to $1.063 billion in the same period last fiscal.

Quoting government sources, the Confederation of Indian Textile Industry (CITI) said that in April the fall was 21% to $266 million compared to $337 million in the same month previous year. May saw a decline of 31% to $241 million against $349 million in May 2018 and June saw a whopping decline of 50% to $188 million compared to $378 million reported in June previous year.

Vietnam, Mozambique to seek closer partnership in import and export trade

Related Keywords: called for businesses, especially in import-export trade, investment, meeting was recently held, more than hundred representatives, Mozambican and Swazi enterprises were present, Mozambique’s capital of Maputo, study each others market, tax, To seek closer partnership, trade, trade fairs and exhibitions, updating on economic, Vietnamese

To seek closer partnership, especially in import-export trade a meeting was recently held in Mozambique’s capital of Maputo where more than 100 representatives of Vietnamese, Mozambican and Swazi enterprises were present.

Addressing the event, Dao Manh Duc, head of the Vietnamese Trade Office in Mozambique called for businesses of both sides to become more active in studying each other’s market through joining trade fairs and exhibitions, and updating themselves on the economic, trade, investment, tax and currency policies of each other to minimize trade risks.

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