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Related Keywords: both nations reluctant, cotton yarn, exportable products, Free Trade Agreement II, grey fabric, Pakistan and China, Pakistan major exports to China, revival of preferential tariff, specific concessions, trade concessions, trade deficit, woven fabric

In the seventh round of meeting held by Pakistan and China on trade concessions, after the stalemate of one year over reaching an agreement on the revival of preferential tariff on exportable products for each other, both the nations are reluctant to give specific concessions to each other in the Free Trade Agreement II.

Related Keywords: Apparel exports, Central Bank of Sri Lanka, comprise nearly fifty two percent of total exports, Garments exports increased to the European Union, sharp decline in import, Sri Lankan apparel sector, Sri Lankan textile and garment exports, the United States, trade deficit, witnessed modest increase in February

Sri Lankan textiles and garments exports that comprise nearly 52 percent of total exports, during the month of February witnessed modest increase by 10.3 percent and helped to curb the negative growth of total exports to some extent, according to the Central Bank of Sri Lanka (CBSL).

Garments exports to the European Union and the United States have increased by 11.7 percent and 8.7 percent, respectively, in February 2016.

Related Keywords: carpet and rugs exports increased, cotton exports showed positive growth, homemade textile exports, Imports, Pakistan Bureau of Statistics, Pakistan textile exports, textile garment, to European Union, trade deficit, witnessed increase

Pakistan textile exports to the European Union increased from 545,698 metric tonnes in 2013 to 662,475 metric tonnes in 2015, a 21.3 percent increase. On the other hand, exports from the country during March 2016 witnessed negative growth of 9.55 percent and reached to $1.742 billion compared to the exports of 1.926 billion in March 2015.

Related Keywords: decline in number of operations, due to labour shortage, employees, growth in competition, imports increased, Korean International Trade Association, major growth driver, most from China, relocating in China and Vietnam, rising cost, South Korea textile and clothing industry, textile and clothing exports, trade deficit

South Korea’s textile and clothing imports touch $14.66 billion mark, an increase by 8.4 percent in 2014 of which 45 percent of these imports (valued at $6.59 billion) came from China, according to figures released Tuesday by the Korean International Trade Association.

The country could soon post a trade deficit in an industry that used to be a major growth driver for its economy.

The country’s textile and clothing exports decreased last year by 0.1 percent to $15.94 billion, narrowing the industry’s surplus by $1.28 billion, about 50 percent less than the surplus amount in 2013.

Related Keywords: FDI, garment and textile export, GSO, import from China, textile fiber, trade deficit, Vietnam trade surplus

Vietnam recorded a trade surplus for the third consecutive year, after recording surpluses of US$280 million in 2012 and more than US$860 million in 2013. This year it is touched US$2 billion according to the General Statistics Office (GSO).

According to the GSO, foreign direct investment (FDI) enterprises contributed to the majority of revenues of Vietnam's key export products which includes garment and textile exports, accounts 59.4 percent of US$20.77 billion.

Related Keywords: Bangladesh garment industry, Dhaka, duty free access, Indian man-made textile, Indian textile market, Indian traders, Miza Azam, State minister for textile and Jute, trade deficit

Bangladesh garment industry although has duty-free access to the Indian market, it is unable to gain benefit from the facility due to non-tariff charges, said state minister for Textile and Jute Miza Azam after inaugurating a two-day Indian man-made textiles exhibition in the city.

Bangladesh has been suffering from inveterate trade deficit with India for decades and need to address the trade imbalance issue in a win-win situation.

Related Keywords: anti-dumping duties, apex body, BTIA, DIPP, dumping of Chinese products, European Union, FIEO, FIEO President Rafeeq Ahmed, Free trade agreement, trade deficit

India has a trade deficit of about USD 37 billion with the neighbouring country to overcome this and help boost India’s export; FIEO an apex exporter’s body today put forward a proposal for a free agreement (FTA) with China. In fact, India should resume the FTA with the European Union too.

According to FIEO President Rafeeq Ahmed, India will benefit by entering into FTA with China. The government should not hesitate to talk about this. If Thailand can have an FTA with China, India should also seriously look at this.

Related Keywords: antidumping, APSyFI, filament yarn, import raw material, Indonesia government, Indonesian Synthetic Fiber Producers Association, local product, Ministry of Economy, national industry, trade deficit, unfair trade practices. Indonesian Anti Dumping Committee

The Indonesian government is making all attempts to lower dependence on imported of raw materials and looking at way to substitute import raw material with local products. In this attempt, the Ministry of Economy in coordination with other minister are putting efforts to deal with the trade deficit which has surged from imported products and also has the potential to hit the national industry.
 

Related Keywords: duty reduction, fabric, higher incentive, home textile, Indian cotton price, international price, Texprocil, textile export, trade deficit, yarn export

The Cotton Textiles Export Promotion Council (Texprocil) has urged the ministry for higher incentives including 5 percent duty reduction for exports to China. This incentive will help to put another USD 7 billion worth of fabrics and home textiles into China and reduce the trade deficit of USD 32 billion with China.

India has a USD 32 billion trade deficit with China, in which USD 12 billion worth of imports are allowed to come into India either duty free or at concessional duties. India on the other hand has not acquired any reciprocal benefit.