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Related Keywords: Africa, big push in exports, booming regions, cheaper cargo, fashion shows in UAE, formed three year plan, freight services, Middle East, Pakistan Commerce Minister, Pakistani fashion industry, Qatar, regular supply of electricity, roadmap to raise exports, South East Asia and CHina, STPE, Strategic Trade Policy Framework, textile exports

The Pakistan Commerce Minister Khurram Dastgir Khan on the back of worrisome performance of the export sector has formed a three-year plan called "Strategic Trade Policy Framework (STPF) - 2015-18 to make a big push in exports particularly to the booming regions like Middle East Africa, South East Asia and China which has been okayed by the Cabinet Committee on Production and Exports.

Related Keywords: duty free access to japan, Indian textile market, Japanese textile market, knitwear exports from India, knitwear exports to Japan, market share in textile imports, textile exports, textile imports, textile innovations, woven garments export

India’s knitwear exports have declined with a market share of a meagre 0.3 per cent of the total knitwear products imported by Japan in 2014 in spite the fact that India enjoys duty free access to Japan.

Prashant Godghate, secretary general of Japan India Industry Promotion Association (JIIPA), said that if Indian knitwear exporters want to enter the Japanese market on a large scale, then they should improve the quality of their products and display sticking to delivery schedules. Also, they should come up with innovations in order to meet the preferences of Japan, he added.

Related Keywords: china’s economy, import duties, leading industrialists in India, Mukesh Ambani, Narendra Modi, rupee depreciation, steel exports, steel industry, steel prices, textile domestic market, textile exports, textile imports, Textile Industry, yuan depreciation

With currencies weakening and global economic turmoil, Prime Minister Narendra Modi held a meeting on Tuesday with industrialists, bankers and economists to analyse the current situation and identify solutions.

Related Keywords: cotton producer, hurt pace of growth, negative move, oppose merger of textile ministry, Pakistan textile exporters association, textile exports, Textile Industry, with commerce

Pakistan textile exporters strongly opposing the proposed merger of textile ministry with commerce terming it a negative move which would hurt the pace of growth in textile exports and would push textile industry on back gear.

Pakistan Textile Exporters Association (PTEA) leaders expressed concerns over the proposed merger of textile ministry into commerce ministry and said that Pakistan has dynamic, vigorous and export-oriented textile industry that has an overwhelming impact on national economy.

Related Keywords: Agriculture Infrastructure Incentive Scrip, focus market scheme, Focus Product Scheme, foreign trade policy, Indian textile industry, Market Linked Focus Product Scheme, MEIS, Merchandise Exports from India Scheme, textile exports, VKGUY

The NDA government’s new Foreign Trade Policy (FTP) 2015-20 was unveiled here on 1 April, focusing on supporting both the manufacturing and services sectors, with a special emphasis on improving the ‘ease of doing business’. The five-year FTP provides a framework for increasing exports of goods and services as well as generation of employment and increasing value addition in the country, in keeping with the “Make in India” vision of Prime Minister Narendra Modi.

Related Keywords: Bangladesh cotton association, Bangladesh textile mills assocation, cotton bales, delegations, invites buyers and seller, opportunity for networking, organizing two day global summit, readymade garment, second largest cotton importer, textile exports, to support textile and clothing exports

Bangladesh Cotton Association (BCA) with the support and co-operation of Bangladesh Textile Mills Association (BTMA) is organizing a two day global summit and has invited buyers and seller to attend this international trade event to help support its textile and clothing exports.

Bangladesh, the world's second largest cotton importer and it imports more than 90 percent, or 5.5 million bales of cotton annually.

The textile and clothing sector accounted for $24 billion of Bangladesh's $25 billion of goods exports in the fiscal year to end-June 2014.

Related Keywords: develop cooperation in textile sector, facilitate bilateral trade and investment, fashion, Government of Kyrgyztan, MoU with India, Santosh Kumar Gangwar, set up joint working group, silk and sericulture, textile exports, Textile Minister, textiles and clothing

The government of Kyrgyzstan has signed a memorandum of understanding (MoU) to develop cooperation in the textile sector with India. The MoU was signed by India's Textiles Minister Santosh Kumar Gangwar and the visiting Kyrgyzstan's Minister of Energy and Industry Kubanychbek Turdubaev in New Delhi.

The two countries have also agreed to set up a Joint Working Group to explore details of cooperation within the scope of the MoU and the steps required to facilitate bilateral trade and investment.

Related Keywords: APTMA, DBK allowed only on, implement the policy, incremental exports, mixed reaction, no incentive for spinners, Pakistan Apparel Forum, Pakistan textile policy, PBEA, textile exports, Textile Industry, timeline of refunds

Mixed reactions coming in from the Pakistan textile industry on the announcement of its new textile policy 2014-19, according to Pakistan Apparel Forum’s Chairman Muhammad Jawed Bilwani, under the present economic circumstances no better policy could have been expected but stressed on implementing the policy in letter and spirit to get required targets.

He said that the new five-year policy would go a long way in benefiting the entire textile sector and boosting exports of value-added garments and apparel.

Related Keywords: apparel export, China yarn import, cotton yarn export, export earnings, garment export, polyester yarn export, Spun yarn export, textile exports

A weaker rupee and steady demand from China and US had helped the textiles exports in the past year. From April, demand for raw material like yarn from China has fallen dramatically and inventory levels have risen. Further, falling cotton ribre prices have been asserting pressure on yarn pricing and cutting unit value realisation, although rupee continues to remain weak.

Spun Yarn Exports Plunge

Related Keywords: Abbas Khan Afridi, Economic Coordination Committee, Federal textile board, GSP Plus scheme, MINTEX, multi-pronged strategy, Pakistan Central Cotton Committee, Pakistan textile policy, textile business community, textile cess, textile exports

The Secretary Ministry of Textile Industry (MINTEX) at the first meeting of Federal Textile Board held on Monday after its reconstitution in July 2014 chairing by Minister for Textile Industry Abbas Khan Afridi announced that the Pakistan’s textile policy would be presented in the next Economic Coordination Committee (ECC) of the Cabinet meeting also restructuring of Pakistan Central Cotton Committee (PCCC) was also on cards.