Apparel exports to the US fell 1.12 percent to $2.18 billion in the first five months of 2014 from the same period last year, according to the US Department of Commerce. Garment exporters attributed the sluggish trend to fallout from the Rana Plaza building collapse and political turmoil that struck Bangladesh last year.Some retailers may shift focus from Bangladesh to other destinations, said Atiqul Islam, president of Bangladesh Garment Manufacturers and Exporters Association. Bangladesh

Market-penetration teams including representatives from the government and private sectors have been set up to promote export growth, obeying the policy of the military's National Council for Peace and Order. Nuntawan Sakuntanaga, director-general of the International Trade Promotion Department, said the teams would try to increase exports to key markets, namely Asean, China, Africa, Latin America, the Middle East and Commonwealth of Independent States (CIS) countries. Trade officials and re

As per the July 2014 Cotton USA global economic update, 2014-15 world cotton production is estimated at 116.4 million bales, 500,000 bales higher than estimated in June. 2014-15 world ending stocks are estimated at 105.7 million bales, 3.0 million bales higher than June. 2014-15 US cotton production is estimated at 16.5 million bales, 1.5 million bales higher than estimated in June. 2014-15 US cotton exports are estimated at 10.2 million bales, again 500,000 bales higher than in June.

A major fire broke out in a local textile mill in Sohrab Goth Industrial Area police limits on Saturday, causing loss of millions of rupees. According to the Central Fire Station, the blaze erupted at about 7:55 pm in Al-Hadi Textile Mills situated in Gulshan-e-Maymar’s Textile Mills Area and within minutes it spread to other parts of the mill due to which valuables worth millions of rupees were reduced to ashes. At least seven fire tenders of the KMC reached the spot and took part in th

That Finance Minister Arun Jaitley addressed the requests of trade and industry associations here in the Budget came in for wide applause. Southern India Mills’ Association Chairman T Rajkumar lauded the Government for extending the optional route CENVAT. “We had sought continuation of optional route till GST is implemented to have a level playing field. The optional route has been in vogue from July 2004 and it has helped the industry achieve significant growth despite the recession in 2008-

The new markets include Australia, Brazil, Chile, China, India, Japan, Korea, Mexico, Russia, South Africa and Turkey Apparel export to non-traditional markets increased by over 21% during the financial year 2013-14. The new markets include Australia, Brazil, Chile, China, India, Japan, Korea, Mexico, Russia, South Africa and Turkey. Bangladesh’s traditional markets for garment exports are Europe and the United States. Export Promotion Bureau data showed the country earned a total

Italian sportswear brand Kappa and U.S.-based retail giant Walmart apparently source clothing from the latest addition to the International Labor Organization’s (ILO) list of low-compliance factories, according to a union leader at the factory who provided the branded tags from the clothing her members cut and stitch. Hung Tak Garment factory was last week added to the “lowest compliance” category of the ILO’s Better Factories Cambodia (BFC) transparency index. BFC inspectors identified 19 ar

Textile industry invested around $548.997 million during July-May 2013-14 to replace the rundown machinery with a view to boost up production, exporters said on Wednesday. "The industry has imported around $548.997 million of new machinery during the current fiscal year which is greater by 58 percent as compared to the machinery imported during last fiscal year," exporters said. The country's import of textile machinery grows by $200.714 million (58 percent) to $548.997 million in July-May 2

Apparel exports have seen 13.83% growth in the just concluded financial year over the previous year with the total earning from the sector standing at $24.49bn, Export Promotion Bureau (EPB) data showed. The garment exports even exceeded the target set for the FY2013-14 which suffered months of political unrest and deadliest Rana Plaza incident. The target was $24.14bn. In the FY2012-13, Bangladesh earned $21.5bn from the country’s largest export industry. The growth in the year was 12.71% gr

Producing footwear (Photo: VNA) Vietnam earned 4.8 billion USD from exporting footwear in the first haft of this year, a year-on-year increase of 21.9 percent. This is mainly thanks to the Generalise System of Preferences (GSP) tax offered by the European Union (EU) from January 2014 to Vietnamese exporters, experts said. Besides, with the political stability, the abundant workforce and the high quality of the products, Vietnam has won many contracts from foreign importers. The earning