Iran has historically been a major market for Italy’s textile machinery industry. However, international sanctions have ceased the movement of textile machineries to Iran. The recent nuclear agreement is expected to pave the way toward a competitive relaunching of the local textile industry. In order to strengthen its presence in Iran, ACIMIT (the Association of Italian Textile Machinery Manufacturers) will participate in the Italian trade mission in late November. Iran’s textile indus

India will be forced to make large-scale government cotton purchases from farmers for a second straight year, following a cut in imports by top buyer China that has depressed prices, industry officials said. India spent 160 billion rupees ($2.5 billion) to buy 8.7 million bales of cotton at a government-set minimum support price (MSP) in the marketing year that ended on Sept. 30, up from just 400,000 bales in the previous year. "During the peak supply season, prices will drop below the MSP

Indonesia's Customs and Excise Department would continue to confiscate any illegally imported textile products to protect the domestic industries, so that they remain viable, the government has said. "These smuggled products will damage the domestic industries because they could be easily produced at home and so they must be prevented (from entering the country)," an Indonesian news agency quoted Finance Minister Bambang Brodjonegoro as saying in Jakarta. The Finance Minister's comment cam

India's apparel exports supported by the expectations of increase in the global apparel trade and partly due to benefits of depreciated Indian rupee in 2015 are likely to increase to $18 billion and to $20 billion in 2016 as against $16.5 billion in 2014, according to a report from investment information and credit rating agency ICRA. However depreciated rupee is unlikely to remain as a sustainable advantage in long-term as India's market share in world's trade has not significantly changed d

Garment makers yesterday urged Accord and Alliance, two foreign factory-inspection agencies, to accept the inspection certificates issued locally to avoid repetition. A delegation of International Labour Organisation's Direct Contacts Mission (DCM), led by Karon Moanghan, deputy high court judge in the UK, held a meeting with BGMEA leaders to review the country's progresses in workplace safety and labour rights. The other members of the team are Coen Kompier, Al-Wreidat Amin and Siska Dubb

2015 Keqiao Textile Expo(Autumn) ends today, which opens on 16th, Oct. According to statistics, there are 37, 061 textile purchasers visited this fair, increased by 9.4% YOY; and in which there are 8,287 overseas visitors, increased by 9.3% YOY. The total revenue in this fair is 75,570 million yuan, increased by 9.1% YOY.

Chinese cotton imports demand has just reached 50,900 tonnes an all-time low in September, a decline of 59% year-on-year as large domestic inventories reduced reliance on foreign supplies, at a time when economic slowdown is weighing on demand. This is the lowest monthly import since records began in 2005, and the second month of record low imports in a row, website CNCotton reports. The data from CNCotton follows reports on Wednesday from the China Cotton Association that Chinese imports for

In the Philippines, even among business leaders there is still very little appreciation of Trans Pacific Partnership (TPP) for its beneficial effects on the Philippine economy. For instance, some claim that the contents of the TPP Agreement are a secret. The TTP is envisioned to be similar to the European Common Market. The goal is to eliminate trade barriers especially tariffs and quotas among countries in the Asia Pacific region. The first batch of signatories included Australia, Brunei, Canad

After a meeting between Finance Minister Ishaq Dar and a delegation of the All Pakistan Textile Mills Association (APTMA) led by its Chairman Tariq Javed on Saturday, announced the decision of imposition 10 percent regulatory duty on import of cotton yarn and grey and processed fabric from November 1. Dar said that it had also been decided in the meeting that Export Re-Finance Facility (ERF) rate would be reduced by one percent (100 basis points) whereas ginning and spinning sectors would qua

Chinese scientists have developed new smart fibers that react after exposure to certain stimuli, giving possibility to smart clothes, automatic window shades and artificial limbs with the sensitivity of human muscles. Ranging between a nanometer and micrometer in size, the fibers can be moved and controlled, capable of motion such as shifting clockwise or contracting, said Professor Peng Huisheng, who led the research team from Shanghai-based Fudan University. Inspired by the movement me