Search Results for: Bangladesh

INCREASED competition and a weakened global economy have not dimmed expectations for Vietnam-based knitwear exporters, with two major trade deals looming, able to guarantee duty free exports to the US and the European Union (EU). They will also remove non-tariff barriers impeding trade, boosting optimism amongst established exporters of quality Vietnam-made knitwear.…

BANGLADESH and Turkey are knitwear rivals, with differing levels of development. Bangladesh overtook Turkey in 2010 becoming the world’s second largest knitwear manufacturer (by output) in the year ending June 2010, pushing the Turks into third place.

In the year ending June 2010, Bangladesh exported 7.78 billion pieces of knitted items or USD 6.48 billion worth of knitwear, overtaking Turkey’s shipment of 7.74 billion pieces, according to BKMEA.…

THE PRESIDENT of the of the Clothing Manufacturers Association of India (CMAI) has told just-style that falling demand from United States and Europe means Indian garment exporters must explore domestic markets for new sales. “For some companies it is a matter of survival, while for the others it is to achieve growth,” said president Rahul Mehta, “I see few other options for them but to try and enter domestic market.”…

THE BANGLADESH government yesterday allocated land close to the capital Dhaka to relocate potentially unsafe garment factories, ahead of the United States Trade Representative (USTR) hearing on March 28 on whether the country should continue to enjoy GSP access to American markets for textiles.…

IN Nepal, women habitually beat men when it comes to doing business. They generate 6% more profits than men, according to a study by the International Financial Corporation (IFC), an arm of the World Bank. “Nearly half of Nepal’s women are economically active and many rural households are female-headed,” said Puja Tandon, co-founder of Nepal-based Beed Management, an international management consulting firm.…

AFTER months of speculation about the future of Poland’s nuclear program, the New Year has brought an encouraging sign of progress.

On January 9, PGE EJ 1, the special purpose vehicle handling the construction of Poland’s first of two planned nuclear power plants, announced the result of a public tender to select a contractor to assess possible sites, looking at a shortlist of three.…

THE CHINESE government is drafting a new five-year anti-corruption plan for 2013 to 2017, which is expected to increase supervision of lower-ranking Communist party cadres. To be finalised and published before June, the new plan, said a Politburo statement is likely to “intensify supervision of officials’ adherence to various disciplines…” The statement backed more “limits and supervision of officials’ power and campaigns to promote a clean work style at grassroots levels…”

Other recent international fraud news:

*Global law enforcement representatives and football executives have met for the first time at a conference held to combat match fixing frauds, which generate millions of dollars of illicit gambling revenue for organised crime syndicates.…

DECLINING demand from the USA and European Union (EU) for Bangladesh knitwear has not dampened the world’s second largest clothing exporter from aiming high. Rather, Bangladesh is planning to more than double its current knitwear exports, to USD20 billion by 2020, seeking out new markets.…

Malaysia’s textile and clothing industry is planning to focus on three key areas – higher value fashion, dyeing and finishing, and technical textiles – to sustain strong growth and continue to compete with significantly lower-cost competition elsewhere in Asia.

The country’s textile and apparel exports grew 28.4% to USD3.8 billion in 2011, according to the Malaysian Textile Manufacturers Association (MTMA), with a further significant increase expected in 2012.…

BY MJ DESCHAMPS

WINNERS

Bangladesh

Despite its well-trailed labour and environmental problems, analysts still backed Bangladesh as having the potential to become a long term apparel sourcing hotspot. Indeed, ready-made garment exports could triple within a decade, as buyers move sourcing away from China, according to research by McKinsey & Company.…