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Related Keywords: automation, changing technologies, clothin sector, Deputy Minister of MoLISA, Globalisation and technology revolution, improve workforce skills, labour force to grow, major growing production sector, posing increasingly greater challenges, risk of losing job, skills need in labour market, Textile, top priority for Vietnam, Vietnam economy

Globalisation and technology revolution are posing increasingly greater challenges for Vietnam’s economy, as the country’s labour force will grow from 55.5 million on 2016 to 62 million in 2025, said Deputy Minister of MoLISA Đào Hồng Lan. Hence improving workforce skills has become a top priority for Vietnam.

Vietnam will have to address to the changing technologies and skills needs in the labour market, with the changing nature of work in the era of technology, when many low-skilled workers will be at risk of losing jobs due to automation.

Related Keywords: boost Poompuhar, Chief Minister J Jayalalithaa, comber machines, free dhoti and saree scheme, free uniform scheme, handicraft, khadi industries, launch Integrated Development and Promotion of Handicrafts scheme, open end spinning machines for mills, procure twister and doubling machines, support of handloom, Textile, unveiled new schemes

Chief Minister J Jayalalithaa in support of handloom, handicraft, textile and khadi industries on Tuesday unveiled new schemes. Also steps would be taken to boost ‘Poompuhar’ for which an Integrated Development and Promotion of Handicrafts scheme would be launched soon.

She said that the six cooperative mills in the State, modernized at Rs.175.23 crore, manufacture threads for the government’s free dhoti and saree scheme and free uniform scheme to school children.

Related Keywords: allocated six billion for textile policy initiatives, carpets, facilitate textile sector, facility duty free import of textile machinery, formulates Technology Up-gradation Fund scheme, Pakistan government, sales tax of five export oriented sectors, support schemes, Textile, under process in State Bank of Pakistan, zero rated tax regime

The Pakistan government had allocated Rs. 6 billion for Textile Policy initiatives for 2016-17 while support schemes would also continue during this year which include Sales Tax of five export oriented sectors namely textile, leather, sports goods, surgical goods and carpets had been made part of zero rated tax regime from July 1, 2016.

Further, all the pending sales tax refunds till April 30 whose RPOs have been approved, will be paid.

Related Keywords: current fiscal, exploring new markets, falling share of China in textile exports, FTAs, India positive on achieving export mark, meeting of industry body Texprocil, new textile policy, Rashmi Verma, readu to capitalize, Secretary, special package announced to boost exports, taking elaborate marketing plan, Textile, USD fifty billion

With the government announcing a special Rs.6,000 crore package and taking elaborate marketing plans to boost exports. Textile Secretary Rashmi Verma speaking on the sidelines of a meeting of industry body Texprocil held in Mumbai said that they are hopeful of achieving $50 billion mark in exports in the current fiscal as compared to $38 billion exports last year.

The Union Cabinet last week approved special package for the sector with an aim to create one crore new jobs in three years and attract investments of $11 billion while eyeing additional $30 billion in exports.

Related Keywords: agree to double bilateral trade value, Indonesia and Saudi Arabia, interest in cooperating with various business players, lot of potential for expansion, main export commodities to Saudi Arabia, Middle East market, Saudi Arabia is one of the biggest potential markets for Indonesia, Saudi business delegation, Textile, textile products

Indonesia and Saudi Arabia see a lot of potential for expansion, especially Saudi Arabia is one of the biggest potential markets for Indonesia in the Middle East. Hence the two countries has agreed to double their bilateral trade value by 2020.

Trade Ministry expert for trade services Arlinda Imbang Jaya said that the total trade between Indonesia and Saudi Arabia amounted to US$8.5 billion in 2015. Indonesian exports to Saudi Arabia amounted to $3.35 billion in 2015, while imports were worth $5.14 billion.

Related Keywords: Business Services, Fabrics and Yarns, IGATEX exhibition, inaugurated by Provincial Minister for Industry Ch Muhammad Shafiq, Knitting and Stitching industries, machinery and equipment, Plant, provide business opportunities and add value to exports, showcases product from apparel and clothing, Textile

Provincial Minister for Industry Ch Muhammad Shafiq yesterday inaugurated the ninth International Garment, Textile & Leather Machinery and Accessories exhibition and conference (IGATEX-2016) Pakistan, the largest exhibition of its kind in the region.

This event showcases product from Apparel & Clothing, Plant, Machinery & Equipment, Textile, Fabrics & Yarns, Business Services, Knitting & Stitching industries. The event has introduced high level textile machinery, equipments and accessories.

Related Keywords: Agriculture, bring closer private sector of both countries, cotton, enhance bilateral trade, Exchange of trade delegation and participation in exhibitions, investment sectors, manmade staple fibre, Pak Romania, Pakistan exports to Romania, prospects in different trade, strengthen trade and economic relations, Textile, Textile articles

The two countries Pakistan and Romania have prospects in different trade and investment sectors, main ones are agriculture, textile, information technology, energy, engineering and construction. Khalid Tawab, Sr. Vice President, FPCCI Khalid Tawab, Senior Vice President FPCCI stressed the need for strengthening trade and economic relations between Pakistan and Romania.

The Senior Vice President FPCCI expressed his sentiment in a meeting with Ambassador of Romania H.E. Emilian Ion who visited FPCCI along with Tariq Saud Honorary Consul General of Romania in Pakistan

Related Keywords: agro processing, attract investment locally, Chinese delegation of investors, explore big investment opportunities, incentives for export-based industries, invites Chinese investors, Keda Clean Energy Company of China, Kenya created favourable and enabling environment, key sectors, leather, regionally and globally, specific tax holidays, Textile

Kenya having created a favorable and enabling environment to attract investment locally, regionally and globally invites Chinese investors to explore big investment opportunities in various key sectors including textiles, agro processing, leather, construction services and materials, energy, mining and IT related sectors that build on its comparative advantages.

Related Keywords: adhere to global standard, combat counterfeiting, dumping of textiles and garments in the market, Garments and Tailoring Workers of Nigeria, lack of access to international market, ncourage textile workers, Nigerian federal government, prioritize skill development, Quadrennial Delegates Conference, Textile, textile sector

The Federal Government of Nigeria has assured the textile sector that it will do all it can to ensure surmount the challenges faced by them. It will also encourage textile workers to prioritize skills development and adhere to global standards, so that they can efficiently compete and create the much needed jobs, as well as combat counterfeiting.

Related Keywords: aims to boost import and export activities, between two countries, facilitate exchange of investment, hi tech sector, Investment and Trade Promotion Centre of HCM city, Korea Trade Investment Promotion Agency, KOTRA, KOTRA signed an MOU with Saigon High-Tech Park, promote investment of South Korea firms, signs MOU with, Textile, trade information

A memorandum of understanding signed between the Korea Trade-Investment Promotion Agency (KOTRA) and the Investment and Trade Promotion Centre of HCM City (ITPC) to facilitate the exchange of investment and trade information between the two sides. The MoU also aims to boost import and export activities between the two countries.

Pham Thiet Hoa, ITPC's director, said that under the agreement, both sides would cooperate to disseminate information about the free trade agreement between Vietnam and South Korea, and solve obstructions in investment and trade in each other's markets.