Serbia's trade minister Rasim Ljajic during the meeting organized by the Foreign Economic Relations Board of Turkey (DEIK) on Wednesday said that Turkish companies have expressed interest in investing in Serbian textile sector encouraged by the good business climate in the country. Serbia offers the best business environment in the region, with a highly qualified workforce and the best conditions for foreign investors, Ljajic said at the meeting. Representatives of two Turkish textile comp

Cotton market witnessed sudden revival of buying interest on Wednesday, there was no apparent reason for it, except that two leading spinners moved into the trading ring to replenish their stocks, brokers said. The lint prices generally remained steady. Many small spinners also actively participated in the proceedings and were eager to book maximum quantity of cotton, but most of them returned disappointed due to short supply. The Karachi Cotton Association left its spot rates unchanged. T

Businessmen beware! Women are no longer content with just wearing the trousers. If Paris fashion catwalks on Tuesday are anything to go by, they are coming for your ties too. The most unloved accessory in the male wardrobe has caught the magpie eye of several womenswear designers, who have dragged it from the dark of the sock drawer and promised it the love and glamour no man could ever give. Finnish brand Aalto and newcomers Jour/ne and Victoria/Tomas all featured ties, either knotted or hun

Bangladesh has earned close to Tk 72.94 billion in the fiscal 2015-16 by exporting 1.96 million bales of jute and jute products. This amount is about Tk 8.75 billion more than the amount earned by exporting these products in the previous fiscal. The total jute production of the country during the financial year 2015-16 was 8.25 billion bales. Bangladesh earned close to Tk 10.54 billion in the said fiscal on exports of 1.14 million bales of jute. About Tk 62.40 billion was earned by exporting

Powerloom owners in Coimbatore and in the Tiruppur district have stopped production in their respective units to protest against fluctuating yarn prices that are affecting their profit margins. The strike will affect business worth Rs 200 crore and production of about 85 lakh metres per day, delaying domestic as well as export business. The increasing yarn prices have affected profit margins of over 2 lakh powerloom units in Coimbatore and Tiruppur districts, said Velusamy, secretary, Powerl

At a consultation session on the free trade agreement with Turkey from February 20-25, 2017, the Vietnamese Ministry of Industry and Trade (MOIT) asked the Turkish side to consider and recognise Vietnam’s market economy and minimise the application of trade defence measures against Vietnamese goods. The MOIT expressed concern that Turkey’s increasing application of trade defence measures against Vietnam’s export items in recent times has been adversely affecting trade exchange between the two

Exporters of Leather in Punjab, especially in Lahore and Multan, are facing the worst-ever crisis due to complete stoppage of cheques of duty drawback claims. Pakistan Tanners’ Association Northern Zone Chairman Azam Malik said that exporters of Lahore and Multan are badly hit by liquidity crisis which is worsening due to held up of their funds in duty drawback refunds. Respective collectorates are unable to release pending cheques against sanctioned claims of duty drawback. “It is irony o

Mexico will continue to seek investment and export opportunities in China, Foreign Minister Luis Videgaray said on Tuesday. In a Senate hearing on Mexico's fraught relationship with the United States, Videgaray reassured the assembly of 280 lawmakers that Mexico is looking to bolster ties with China. Mexico and China have "very important trade ties," stressed Videgaray, "especially due to Mexico's imports from China, (which amount to) nearly $70 billion." One of Mexico's main objecti

As the US and Brazil pay no duties on the cotton they export to Bangladesh for its apparel industry, they should offer duty-free access for Bangladeshi RMG products made from their cotton to their markets, said manufacturers. Bangladeshi RMG products currently do not have duty-free access to these markets, even though the two countries enjoy duty-free access for the cotton they export to Bangladesh. Moreover, the US suspended Generalised System of Preferences (GSP) facilities for Banglades

Pic: Multiaxial textile made from carbon for reinforcing composites KARL MAYER Technische Textilien GmbH Technical Textiles is an expert and highly committed partner to the composites sector, and will be demonstrating this once again at the next JEC World show, to be held from 14 to 16 March 2017 in Paris. For the duration of this leading global composites fair, this textile machinery manufacturer can be found in hall 5A on stand N 54 of the Paris Nord Villepinte Exhibition Centre. Here,