Asia News

10/15/18

Indonesia-Sri Lanka Cooperate in Garment Export to Europe

The Governments of Indonesia and Sri Lanka are committed to following up the agreement on the trade sector, including the clothing export to the European Union.
“The joint effort of apparel export to the European Commission will open acces...

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10/15/18

EU to re-impose tariffs on Myanmar and Cambodia

The European Union is planning to re-impose tariffs on imports from Myanmar and Cambodia which could impact both these economies severely. The EU had, in 2013, removed duties on most exports from Myanmar under an “Everything but Arms” initi...

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10/15/18

Cambodia to raise minimum wage for garment workers by $12

Cambodia hiked the monthly minimum wage for garment workers by $12 from the current $170 following a election promise by premier Hun Sen.The country’s $7 billion apparel industry is fuelled by more than 740,000 garment workers, who strongman ...

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10/15/18

Cambodia’s garment exports up 16 per cent

Cambodia’s garment exports grew 16.1 per cent in the first half of 2018. Exports has been boosted by a trade agreement that allows Cambodia to export travel goods to the United States duty free. The US in 2016 expanded trade preferences, unde...

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10/15/18

Taiwan: Textile exports up two per cent

Taiwan’s textile exports grew two per cent from January to July this year. The full-year increase may be larger as the traditional peak season falls in the second half. Last year, textile exports grew by only 0.8 per cent.
Taiwanese texti...

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10/15/18

Sri Lanka: Reduces VAT on imported fabric to 5%

Considering the requests made by the stakeholders in the fabric industry, the Government of Sri Lanka has reduced the Value Added Tax (VAT) on imported fabric to 5 per cent. This step will act as a helping hand to proposed small scale industria...

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10/15/18

Vietnam: Textile, garment firms lose competiveness

Vietnamese garment and textile enterprises are losing their competiveness due to high costs of logistics services for exports, experts have said. <...

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10/15/18

Vietnam: Textile industry must renovate

The textile and garment industry is likely to face challenges in 2019 as the industry goes through a transition period which requireTs breakthroughs to shift its position in the global value chain.
This was the highlight of a seminar on the ...

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10/15/18

Vietnam: Coats expands development site

Coats, a global industrial thread manufacturer and a major player in the Americas textile crafts market, has announced a new progress in its global operations with the expansion of development site in Vietnam. The extension to the site in Hung ...

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10/15/18

Vietnam: Competes with China to become top garment exporter in South Korea

Textile and garment exports to the South Korean market have soared recently compared with three years ago.According to the General Department of Customs (GDC), in the first seven months of 2018, Vietnam’s total export turnover to South Korea ...

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Vietnam: FTAs promise bright prospects for garment-textile 10/15/18

Vietnam: FTAs promise bright prospects for garment-textile

Free trade agreements (FTAs) in which Vietnam has joined are great momentum for the domestic garment-textile industry to attract investment, said an official of the Vietnam Textile and Apparel Association (VITAS).
VITAS Chairman Vu Duc Gian...

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10/15/18

Vietnam: HCM City to host textile, garment expos

HCM City will host four textile and garment and footwear industry exhibitions simultaneously and at a single venue next November.
The 18th VietnamInternational Textile and Garment Industry Exhibition (VTG) will be attended by more than 400 e...

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10/15/18

Bangladesh: Demands better prices for garment items from US

Bangladesh sought better prices for its exports, especially garments, from US retailers and brands, duty privilege for all products exported to the US market, and increased investment from the United States at the fourth meeting of the Trade an...

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10/15/18

Bangladesh: Textile unions reject revised wage for garment workers

Unions representing millions of clothes factory workers have demanded that their minimum monthly pay be tripled. The garment industry accounts for more than 80 percent of the country’s exports and employs mostly women.
Hundreds of garment ...

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10/15/18

Bangladesh emerges among top eco-friendly textile manufacturers

Year 2021 will be one of the most successful one for Bangladesh ready-made garment industry reveals the government’s manifesto ‘Vision 2021’. Bangladesh clothin...

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10/15/18

Bangladesh: Builds embroidery hub

Bangladesh is building a hub for embroidered textiles. Once completed, the hub will accommodate almost 1,200 entrepreneurs while tripling the production of embroidery items in the country. It will feature a warehouse, service and design develop...

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10/15/18

Indonesia: Textile industry targets exports of $14 bn

With a January-July 2018 exports figure of $7.74 billion, the Indonesian textile and apparel industry is hopeful of meeting an export target of $14 billion by the end of this year. The completion of the Indonesia-Australia comprehensive economi...

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10/15/18

China: Growth indicators for August improve

China has no worry of falling into a state of stagflation — economic growth stagnation plus high inflation — amid improving growth-related indicators in August, the National Bureau of Statistics said. “(The state of) stagflation is non-ex...

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10/15/18

China: Growth indicators for August improve

China’s deleveraging campaign has yielded some tentative progress, but will meet more testing times ahead as risks may accumulate at local levels, according to Moody’s Investors Service.
The country’s low reliance on external finance,...

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10/15/18

China: Measures to quicken cargo clearance

The General Administration of Customs (GAC) announced new measures to expedite cargo clearance and cut administrative charges as part of the efforts to facilitate foreign trade. Clearance documents subject to verification at ports will be reduc...

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10/15/18

China: New measures for steady growth of foreign trade

China will roll out new measures including cutting customs clearance time, streamlining port services and improving the export tax rebate policy to increase opening up and facilitate the steady growth of foreign trade, the State Council’s exe...

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10/15/18

China: Set to push back on latest levies

China will place tariffs on about $60 billion worth of imports from the United States in response to Washington’s announcement of additional levies on $200 billion worth of Chinese goods, the Customs Tariff Commission of the State Council. read more


10/15/18

China: More textile companies are choosing weaving machines from DORNIER

Considering filtration, for example: The fact that the Chinese city of Xi’an cleans its air with the tallest anti-smog tower in the world (100 m) is convincing testament, cleaning air and water is a major concern in China. And this is one rea...

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10/15/18

China: US sports brands see a big potential in market

There’s a lot of momentum already building between the US and China in sports. China’s sports market is the biggest in the world. The country’s infrastructure of sports marketing vehicles, including platforms .
Tencent and even videos...

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10/15/18

China: To cut import tariffs on wide range of products

China will cut import tariffs on textile products and metals, including steel products, to 8.4 percent from 11.5 percent, effective Nov. 1, the finance ministry said. Beijing has pledged to take steps to increase imports this year amid rising ...

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