News

  • India and the European Union have resumed talks on a free trade agreement after a nine-year hiatus

    India and the European Union have resumed negotiations on a free trade agreement after nine years of stagnation, the Indian Ministry of Industry and Commerce said On Thursday. Indian Commerce and Industry Minister Piyoush Goyal and European Commission Executive Vice-president Valdis Dombrovsky an...
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  • Global clothing brands think Bangladesh’s ready-to-wear exports could reach $100bn within 10 years

    Bangladesh has the potential to reach $100 billion in annual readymade garments exports in the next 10 years, Ziaur Rahman, H&M Group’s regional director for Bangladesh, Pakistan and Ethiopia, said at the two-day Sustainable Apparel Forum 2022 in Dhaka on Tuesday. Bangladesh is one of t...
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  • Nepal and Bhutan hold online trade talks

    Nepal and Bhutan held the fourth round of online trade talks on Monday to speed up bilateral trade cooperation between the two countries. According to Nepal’s Ministry of Industry, Commerce and Supply, the two countries agreed at the meeting to revise the list of preferential treatment comm...
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  • Uzbekistan will set up a cotton commission directly under the President

    Uzbek President Vladimir Mirziyoyev presided over a meeting to discuss increasing cotton production and expanding textile exports, according to the Uzbek Presidential network on June 28. The meeting pointed out that the textile industry is of great significance to ensuring Uzbekistan’s expo...
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  • Prices of cotton and yarn fell, and Bangladesh’s ready-to-wear exports are expected to increase

    Bangladesh’s garment export competitiveness is expected to improve and export orders are expected to increase as cotton prices drop in the international market and yarn prices drop in the local market, Bangladesh’s Daily Star reported on July 3. On June 28, cotton traded between 92 ce...
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  • Bangladesh’s Chittagong port handles record number of containers – Trade news

    The Bangladeshi Chittagong Port handled 3.255 million containers in the 2021-2022 financial year, a record high and an increase of 5.1% from the previous year, the Daily Sun reported on July 3. In terms of total cargo handling volume, fy2021-2022 was 118.2 million tons, an increase of 3.9% from t...
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  • China Textile and Garment Trade Exhibition opened in Paris

    The 24th China Textile & Garment Trade Exhibition (Paris) and Paris International Garment & Garment Purchasing Exhibition will be held in Hall 4 and 5 of Le Bourget Exhibition Center in Paris at 9:00 a.m. on July 4. 2022 French local time. China Textile and Garment Trade Fair (Paris) was ...
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  • Northern Europe: Ecolabel becomes new requirement for textiles

    The Nordic countries’ new requirements for textiles under the Nordic Ecolabel are part of a growing demand for product design, stricter chemical requirements, increasing attention to quality and longevity, and a ban on burning unsold textiles. Clothing and textiles are the fourth most envir...
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  • Indian textile industry: Delay of textile excise tax increase from 5% to 12%

    New Delhi: The Goods and Services Tax (GST) council, chaired by Finance Minister Nirmala Sitharaman, decided on December 31 to postpone the rise in the textile duty from 5 per cent to 12 per cent due to opposition from states and industry. Earlier, many Indian states opposed the increase in texti...
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  • How do enterprises respond to changes in RMB exchange rate?

    How do enterprises respond to changes in RMB exchange rate?

    Source: China Trade – China Trade News website by Liu Guomin The yuan rose 128 basis points to 6.6642 against the US dollar on Friday, the fourth day in a row. The onshore yuan rose more than 500 basis points against the dollar this week, its third straight week of gains. According to the o...
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  • Banking cross-border financial services continue to innovate

    Banking cross-border financial services continue to innovate

    Source: Financial Times by Zhao Meng Recently, the fourth CiIE came to a successful conclusion, once again presenting an impressive report card to the world. On a one-year basis, this year’s CIIE has a cumulative turnover of US $70.72 billion. In order to serve exhibitors and purchasers at ...
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  • Vietnam’s container rates are up 10-30%

    Vietnam’s container rates are up 10-30%

    Source: Economic and Commercial Office, Consulate General in Ho Chi Minh City Vietnam’s Commerce and Industry Daily reported on March 13 that the price of refined oil continued to rise in February and March this year, making transportation companies nervous as production could not be restor...
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