The garment-textile and leather-footwear sectors brought in US$10.5 billion from exports in the first four months of this year. Of the total, the garment-textile sector generated $6.82 billion, an annual increase of 6.2 percent. The Vietnam Textile and Apparel Association (VITAS) said most orders sealed in the period came from major markets including the US, EU, the Republic of Korea and Japan. Overall export revenue increased, but the value of orders stayed unchanged, it said. Acco

Four Chinese cities have made the list of world's top ten favorite destinations for luxury retailers, according to a report released on Thursday. Hong Kong, Shanghai, Beijing and Taipei have joined London, Paris and New York as global luxury retailers' most favorable cities, the report from real estate consultancy Jones Lang LaSalle (JLL) found. The four Chinese cities, along with Tokyo and Osaka in Japan, and city-state Singapore, made the Asia-Pacific region the best place for luxury ret

As world economic growth remains weak, world gross product will grow by just 2.4 percent in 2016, the same pace as in 2015, said a UN report here on Thursday. This marked a downward revision of 0.5 percentage points from UN projections in December 2015. The World Economic Situation and Prospects as of mid-2016 report, released by the UN Department of Economic and Social Affairs, pointed out that persistent weakness in aggregate demand in developed economies remains a drag on global growth.

Bangladesh’s apparel export to the US market has seen a 4.30% rise to $1.45 billion in the first quarter of current calendar year, despite the declining trend of overall apparel import by the United States from across the world. The overall apparel export to US from other countries has declined by 2.14% to $19.30 billion, which was $19.72 billion in the same period a year ago. According to the January-March data of the Office of Textiles and Apparel (otexa), US Department of Commerce, Bang

Hamburg-based Aid byTradeFoundation (AbTF) and the AfricanCottonand Textiles Industries Federation (ACTIF) have announced their strategic partnership for more value addition in the African cotton andtextileindustry. The two organisations have set themselves the goal to increase productivity, competitiveness and sustainability of cotton production and to strengthen the textile production in Africa together, AbtF said in a press release. AbTF had been cooperating with the ACTIF since 2013 to pr

India’s blended spun yarns export value was up 4.8 per cent YoY in March 2016 while volumes rose 10.6 per cent as compared to the same month last year. Polyester cottons yarns were exported to 51 countries in March, of which, Egypt and Bangladesh were the largest importers of PC yarn from India followed by Morocco. 6.7 million kg of total PC yarns was exported from India during the month. Honduras, Spain, Sri Lanka and Germany were the fastest growing markets for PC yarns while Peru signi

Small and medium apparel enterprises struggled to survive in quarter one, with many of them suspending production, as their customers shifted their orders to Myanmar and Laos to enjoy lower prices, heard a business conference in HCMC last week. According to Vu Duc Giang, chairman of the Vietnam Textile and Apparel Association (VITAS), Vietnam exported US$27.4 billion worth of apparel last year and over US$8 billion in this year’s first four months, up 6% against the same period a year earlier

The strategy advocates construction of local industry, especially the agro-processors. “We urge the government to adopt the strategy to develop and support cotton consuming industries,” TEGAMAT Vice President Sylvester Kazi said in Dar es Salaam, advising the government to use the strategy to implement the second five year development plan. He was speaking at the official launch of leather, sunflower oil, cotton to clothing strategies and value chain roadmap. The strategy is a fit all to the

The textile sector, which posted a marginal drop in exports at USD 40 billion in 2015-16, may see further slowdown in outbound shipments in the absence of adequate policy support, an industry body said. "The government needs to give greater priority to the needs of the textile sector and recognise its huge potential by giving timely impetus in terms of policy support. "Some of the issues relating to exports such as cost of funds and adverse impact of preferential access given to competin

Uganda's Southern Range Textiles Limited, which bought NyanzaTextileIndustries Limited (NYTIL), has said it has started importingcottonfrom Tanzania because local production is not enough to meet its requirement. William Okello, logistics manager of Southern Range Textiles, told journalists during the installation of new machines at the factory recently, that Uganda's cotton production which originally stood at 100,000 bales per annum, has plunged to 80,000 bales while the demand for cotton h