Export of textile and clothing witnessed a negative growth of 46 per cent in the first two months of the current fiscal year from a year ago. The fall in export proceeds was being witnessed for the past few months despite GSP-Plus scheme, suggested data of Pakistan Bureau of Statistics released on Monday. In July and August 2015, export proceeds fell to $2.136 billion from $2.160bn over the corresponding months of last year, a decline of 46pc. Product-wise details show that export of

Cotton is the second major cash crop after sugarcane in Swaziland and the main source of income for small scale famers, especially those in drought prone areas. The cotton industry is currently under performing yet the cotton industry used to be a source of livelihood for 40 000 Swazis. Farmers grow cotton to pay school fees, build houses, buy food and clothes. The decline of cotton prices in world markets has resulted to a price drop locally. Swaziland Cotton Board Chief Executive Officer Da

Britain’s wool industry, which for a decade was shrinking is bouncing back as a series of innovations have sprung up, creating products that use wool from all 120 breeds of British sheep – around 60 pure and 60 half breeds. Inventors are using British wool for a variety of weird and wonderful new products, prompting an industry revival. British wool is unique because, unlike many other breeds of sheep, such as merino, British fleeces tend to be much coarser and scratchier. This was once a co

Pakistan is the fifth largest producer of cotton in the world, the third largest exporter of raw cotton, the fourth largest consumer of cotton and the largest exporter of cotton yarn in the world. Pakistani cotton and cotton products contribute about 11 percent to gross domestic product and 56 percent to the foreign exchange earnings. However, the governments have failed to implement the ban on the use of jute and polypropylene bags for the transportation of seed cotton. A senior member of K

Pakistan’s textile exports have rebounded in August 2015 after witnessing slump from last several months. Textile and clothing exports witnessed double digit growth of 11.24 percent in August from a year ago, suggested data of Pakistan Bureau of Statistics (PBS) released here on Monday. Exports of textile and clothing recorded at $1.02 billion in the previous month as against $889 million of a year ago. The unprecedented growth was mainly driven by substantial increase in export proceeds of

Faced with sharp decline in exports, cotton textiles exporters have urged the government the expedite free trade agreements (FTAs) with major importing countries including the European Union, Australia and Canada to remove trade barriers there. Despite price offered by Indian exporters for their cotton textiles is competitive, preferential access being given to some countries including Bangladesh, Cambodia, Pakistan, South Korea, Turkey and Vietnam in major importing nations like the European

The Pakistan Textile Exporters Association has aggrieved over the authorities’ imprudent decision of gas suspension for industries in winter terming it as a unilateral action. The association opined that the government should shelve its gas outage plan to bring the country’s economy out of sluggishness, as this suspension would lead innumerable people to lose their jobs and would also affect the industrial growth. PTEA Chairman Sohail Pasha and PTEA Vice Chairman Rizwan Riaz Saigal said th

The Lao garment industry needs more than 10,000 tailors each year to supply local factories, but there remains a lack of skilled workers in the country. Meanwhile, new garment factories are also on the drawing boards to exploit growing exports to European Union (EU) nations but investors are still concerned about the short supply of local tailors. Vice President of Association of the Lao Garment Industry, Dr Xaybandith Rasphone explained that at present, there were 98 garment factories in

China imported 70,000 tonnes of cotton in August, the lowest monthly level since at least 2005 and down 65.8 percent from the same month a year earlier, trade website Cncotton.com said, citing customs data. Overseas purchases of the fibre have plunged this year after Beijing issued fewer import quotas to boost demand for the domestic crop. The gap between international and domestic prices has also narrowed since Beijing overhauled a stockpiling policy last year that paid farmers prices well

During a Vietnam-Republic of Korea (RoK) scientific seminar on garment technology held in Ho Chi Minh City on September 9, co-hosted by the Ministry of Science and Technology’s National Office in the Southern Region and representative office of the Korea Institute of Industrial Technology, concern was raised that once the looming Trans-Pacific Partnership (TPP) comes into force, regulations on the origin of goods will present big challenges to Vietnam’s textile and garment sector. Moon Byung-