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India & Oman May Sign Proposed FTA In January 2024

Textile Insights December 30, 2023

In all probability, a Free Trade Agreement (FTA) may be signed between India and Oman in January 2024. “Negotiations are on track and both sides have already agreed on most of the text of the chapters of the Comprehensive Economic Partnership Agreement (CEPA),” CNBC quoted government sources as

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Vietnamese Textile & Clothing Exporters Seek Govt Assistance

Textile Insights December 29, 2023

The Vietnamese textile and garment export sector which has been witnessing a declining trend since the beginning of this year is seeking assistance from the government to navigate the challenges. “Textile and garment exports started slowing down in the final months of 2022, and there haven’t been any signs of improvement,” Le Tien Truong, Chairman […]

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Indian Textile & Apparel Export Shipments Freight Spikes 40%

Textile Insights December 28, 2023

The attack on merchant ships by Houthi rebel attacks in the Red Sea has spiked freight rates by 40 percent, with expectations of them going up and impacting Indian textile and garment export costs. Red sea is one of the busiest sea routes that connect Asia and Europe, but the attacks have forced ships to […]

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Between Jan & Nov Cambodian Garment Exports Down 14.8%

Textile Insights December 28, 2023

In the first eleven months of the current year, Cambodian apparel exports dropped 14.8 percent to US $7.2 billion from $8.48 billion in the same period of 2022. According to a Ministry of Commerce official, clothing overseas shipments declined primarily due to reduced consumer spending and economic slowdown in its main markets of the US […]

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Vietnam Apparel Exporters Yet To Unlock Full Benefits Of FTA’s

Textile Insights December 27, 2023

Vietnam’s textile and apparel sector has not been able to fully unlock the full potential and benefits of the free trade agreements (FTAs), which it has signed with several countries and regions. In order to address the challenge, the Vietnamese Ministry of Industry and Trade (MoIT) is leveraging connections between ministries, association and industry stakeholders. […]

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Chinese Cotton Yarn Imports Up A Massive 90.2% In November

Textile Insights December 26, 2023

Chinese cotton yarn imports in November stood at 153,300 tons, a massive increase of 90.2 percent from a year ago month. Among imports of cotton yarn from various countries in November, those from Vietnam accounted for 45 percent, Pakistan 19 percent and India 13 percent. 71 percent of cotton yarn imports from Vietnam were for […]

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TNG Textile Amid Few Vietnamese Firms To Hit 100% Export Target

Textile Insights December 25, 2023

Vietnamese textile and garment manufacturer, TNG Textile announced that it has crossed its revenue target for 2023 ahead of schedule and may be the only Vietnamese textile company to do so. The company which had set targeted revenue of VND 6,800 billion completed the target by mid-December, primarily due to bagging new buyers like Walmart, […]

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Rising MMF Fabric Imports Impacting Indian Textile Sector

Textile Insights December 25, 2023

Rising imports of manmade fibre (MMF) fabrics and at the same time higher domestic prices of these fibres has made the Indian textile industry uncompetitive. Various textile hubs of the country in Surat, Erode, Ludhiana, etc are fighting an insurmountable challenge of large scale dumping of MMF fabrics and are said to be operating at […]

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Bangladesh Plans To Expand Wool Garment Exports 10 Times

Textile Insights December 22, 2023

The Bangladesh garment export industry aims to expand its woollen garment exports in the next five years and propel them by 10 times from the current US $100 million. This development comes in the background of Australia, the world’s biggest wool producer, is targeting Bangladesh as an alternative to China for its wool processing. “Bangladesh […]

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Uzbekistan Textile Exports Slip 3.3% Between Jan & Nov

Textile Insights December 22, 2023

In the first eleven months of 2023, Uzbekistan’s textile exports slipped 3.3 percent year on year to US $2.8 billion, the Uzbekistan statistics agency reported. Exports of yarn accounted for 40.7 percent of all textile exports in the period between January and November and in total the country shipped 626 types of finished textile products […]