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Related Keywords: AGOA, compete with neighbouring countries, cut cost of electricity, global apparel industry, Kenay government, low labour cost, near geothermal plants, offer subsidies, plan to set up textile investors, set up industrial park, Trade agreement, trade delegation composed of investors, VF Corporation

Kenya plans to set up investors at the shores of Lake Naivasha near geothermal plants to cut the cost of electricity and offer subsidies in order to compete with her neighbouring countries, said Mr. Mohamed on Thursday when he met a trade delegation composed of investors from China, the US, Australia, the Netherlands and Bangladesh who will also be visiting Tanzania and Ethiopia.

Kenay are going to set them up near the geothermal plant where power is much cheaper since it is at the source.

Related Keywords: barriers to trade in India, Brics, chemicals, different regions different processes, India is South Africa’s sixth-largest trading partner, India Sacu offer, proposed for preferential treatment, Sacu, sensitive sectors like clothing and textiles, sensitivity of some products, Trade agreement

India is South Africa’s sixth-largest trading partner with trade last year amounting to nearly R50bn. Barriers to trade in India and the sensitivity of some of the products it has proposed for preferential treatment are the main stumbling blocks to concluding a trade agreement. The negotiations between India and the Southern African Customs Union (Sacu) to provide a legal and institutional framework have been going on for nearly two years.

Related Keywords: apply to signatory countries, fabric produced from yarn, fiber manufacturing operations, involves twelve countries, made by TPP country, PSF, qualify duty free status, starting up or expanding, Trade agreement, Trans Pacific Partnership, under negotiation, United States led, US Trade Representative, Vietnamese companies, Yarn forward rule

United States led trade agreement Trans-Pacific Partnership (TPP) which involves twelve countries, is presently under negotiation. A key part of the proposed TPP is a rule known as “yarn forward” which would require that only fabric produced from yarn made by a TPP country would qualify for the trade agreement’s duty-free status. The rule is intended to ensure that the trade benefits of the TPP only apply to signatory countries rather than outside players such as China. However, the rule also likely to have major effects on signatory countries, such as Vietnam.

Related Keywords: affect domestic garment producers, apparel sector, China using trade route, disparity in trade policies, dump products, India and Bangladesh, Prabhu Damodaran, secretary of Texpreneurs Forum, Trade agreement, trade policies, Union textiles ministry

Prabhu Damodaran, secretary of Texpreneurs Forum on Saturday put forth his views regarding the trade agreements between India and Bangladesh. According to him there is disparity in the trade policies between the two nations. This disparity will affect the domestic garment producers/suppliers, as China too is using the trade route through Bangladesh to dump their products.

At present, 48 types of textile items, including finished garments from Bangladesh, were being sold in India without any duty following the free trade agreement signed between the two countries.

Related Keywords: fair playing field, FTA with EU, private business, SOE's, tariff exemptions, Trade agreement, TTP agreement, Vietnam National Textile Garment Group, yarn-forward rule

A new generation of trade agreements like the US-led Trans-Pacific Partnership (TTP) Agreement and the Free Trade Agreement (FTA) with the European Union require member countries to create a fair playing field for private business but this is likely to clear preferential treatment for state-owned enterprises (SOEs), raising concerns about their ability to survive.