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EU trade agreement to eliminate tariff lines for Vietnam

Related Keywords: all EU exports of machinery, biggest trade partner, eliminate duties on garment, eliminate tariff lines, EU textile fabric exports, EVFTA, Free Trade Agreement between EU and Vietnam, investment in Vietnam, largest export markets, Textile, zero duty tariff rate quotas

After almost three years and 14 official rounds of talks and many mid-term negotiations between ministers, heads of delegations and technical groups, Vietnam and the EU have reached an agreement on all basic points of the Free Trade Agreement between EU and Vietnam (EVFTA), the Ministry of Industry and Trade announced on Saturday.

The EU will eliminate 99.2 percent of tariff lines for Vietnam, equivalent to 99.7 percent of Vietnamese export turnover with the remainder of export turnover enjoying zero-duty tariff rate quotas.

Central bank of Bangladesh to set up $500m fund for both general and textile manufacturing

Related Keywords: Central Bank of Bangladesh, duty-free access to Western markets, export oriented ready made garment factories. stimulate economic growth, for manufacturing in general, Garments key foreign-exchange earner, second-largest apparel exporter, set up funding, Textile

Bangladesh's central bank will set up $500 million of funding for the country's manufacturers, the funds will be divided into two parts. One for manufacturing in general and the second at textiles, including export oriented ready made garment factories. This will be an effort to stimulate economic growth, the head of the bank said on Thursday.

Garments are a key foreign-exchange earner for Bangladesh. The country's low wages and duty-free access to Western markets have helped make it the world's second-largest apparel exporter after China.

Indian and Pakistani designers to display their creativity at joint exhibition

Related Keywords: accessories, Designers from India and Pakistan, exhibitors from both countries, fashion, FIEO, Karachi Chamber of Commerce and High Commission of Pakistan, normalize trade relations, Shaan e Pakistan, showcase their creativity, Textile

Designers from India and Pakistan are all set to showcase their creativity in fashion, textile, jewelery, accessories and even furniture in a joint three day exhibition, Shaan-e-Pakistan which is schedule to begin on September 10 in New Delhi where over 150 exhibitors from both the countries will be participate.

The 21st edition of Milano Unica to held in Milan soon

Related Keywords: develop Italian leadership, fabric and yarn industry, high-end textiles segments., Innovative trends, Italian and European manufacturers, medium-high, Milano Unica, opportunity to make business contacts, present range of textile products, Textile, three day event

The 21st edition of the Milano Unica a three day event to takes place at the Fiera Milano in Milano, Italy from 8th September to the 10th September 2015 which will showcases product from Textile, Fabrics and Yarns industry.

At the Milano Unica, Italian and European manufacturers will present a comprehensive product range of textile products. Exclusive and Innovative trends for the modern textile market will be shown and the opportunity to make business contacts will be offered.

Buying interest improved with arrival of new cotton crop

Related Keywords: cotton, Cotton futures, Cotton market, cotton prices, new cotton crop, Textile

Pakistan cotton market witnessed improved buying interest in new crop on Tuesday. Mills and spinners showed interest in purchasing new crop due to quality factor which helped to improve the volume of business.

According to analyst, Naseem Usman, some of mills were on the sidelines due to rising problems related to textile business such as load shedding. Other dealers said that cotton market saw thin business because of bank holiday.

Pak-Nigeria meet to discuss enhancing bilateral trade

Related Keywords: cooperation between small and medium enterprises, machinery, Pakistan bilateral trade, potential sector include, Textile, textile ginning, textile product, through joint ventures and technology transfers, weaving and garment, with Nigeria

Pakistan bilateral trade with Nigeria, currently stands at US$ 500 million. Federal Minister for Industries and Production, Ghulam Murtaza Khan Jatoi on Thursday reiterated the government’s resolve for enhancing bilateral trade with Nigeria. The High Commissioner of Nigeria, Dauda Danladi called on Minister for Industries and Production and highlighted many potential sectors where Pakistan and Nigeria can assist each other including textile, machinery, agriculture, vehicles and technological development.

Vietnam local authorities rethinking to consider textile and garment projects

Related Keywords: decline in FDI capital, dying and garment sector, enviromental problems, large scale projects, not garment outsourcing, rethinking to consider FDI project, Textile, TPP trade agreement, turned down foreign investment projects, using modern technologies, Vietnam City investment promotion center, Vietnam textile and garment industry

Vietnam's Da Nang City’s Investment Promotion Center though saw a sharp decline of 45 percent in foreign direct investment (FDI) capital in the first three months of the year still turned down two foreign invested projects capitalized at hundreds of millions of dollars on the grounds that they may cause environmental problems.

Both of the projects were in the textile, dying and garment sector, including a $200 million project registered by an investor from Hong Kong and another registered by an investor from South Korea.

Turkish business delegates show interest to invest in Tanzania agricultural and textile sector

Related Keywords: ABITAT, Alliance of Businessmen and Industrialists of Tanzania and Turkey, conduct trade bridge, expressed interest to invest, links all members, Tanzanian agriculture, Textile, Textile Industry, Turkish business delegate, Turkish investors, TUSKON, visited Tanzania

The business delegate from Turkey who visited Tanzania recently expressed interest in investing in Tanzanian agriculture, textile, constructions and automobile spare parts sector. This was informed by the Alliance of Businessmen and Industrialists of Tanzania and Turkey (ABITAT). The ABITAT is also an official representative of the Confederation of Businessmen and Industrialists of Turkiye (TUSKON) here in the Tanzania. TUSKON conducts several trade bridges every year that links all of its members.

Dutch company organizing textile production with latest technology in Uzbekistan

Related Keywords: cotton, Dutch company, energy saving equipment, exporter of cotton fiber, Investments, largest textile factory, latest technology, Textile, Textile production, Uzbekistan

Uzbekistan is the sixth-largest producer and third-largest exporter of cotton fiber in the world, with a production of 1.2 million metric tons of cotton fiber per year to get a large textile factory in the Karshi district of Kashkadarya province in Uzbekistan. As a Dutch company, LT Textile Cooperatief UA is organizing textile production and equip it with the latest technology and energy saving equipment.

Indonesia exports to Egypt touched USD1.34 bn in 2014

Related Keywords: annual trade exhibition in Egypt, Cairo International Fair, contiue to increase, double digit, Egypt, handicrafts, included yarn, Indonesian batike, Indonesian goods exported, Textile, to entry Egyptian market, value of Indonesian exports

The demand for Indonesian goods is pretty high in Egypt, said Indonesian Ambassador to Egypt Nurfaizi Suwandi on the sidelines of the Cairo International Fair (CIF), the largest annual trade exhibition in Egypt and hence they are committed to continue increasing their exports to Egypt.

The primary Indonesian goods exported to Egypt included yarn, textile, handicrafts, crude palm oil (CPO), coffee, tea, paper, tires, electronic devices, and vehicle spare parts as per Indonesian embassy’s trade attaché in Cairo.

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