Search Results for: Bangladesh

THE INTERNATIONAL knitwear sector has found itself at the centre of the ongoing turmoil in global trade relations, with major jurisdictions considering imposing tariffs on knitted products, inputs and related machinery.

One concern focuses on how the USA has proposed imposing 25% duties on a wide-range of China-made manufactured goods over alleged thefts of American intellectual property by Chinese industrialists.…

FIVE years after the Rana Plaza disaster, Bangladesh’s apparel industry has undergone expensive structural transformation, but a fair price for garment producers remains elusive, industry-insiders and trade unionists say.
The Dhaka-based Envoy Group, which spent between USD2 million and USD2.5 million on a health and safety makeover following the tragedy accepts it was “a turning point in taking the industry to the next level”, said Abdus Salam Murshedy, Envoy’s managing director.…

The uncertainty of potential tariffs affecting the clothing and textile sector — and a Trump administration that appears poised to levy more of them — loomed large over a meeting held by the American Apparel & Footwear Association, in Washington DC, on April 25.…

Turkey’s textile exports appear to be moving ahead, with strong growth indicated in 2018, up 10.5% overall in March (2018) year-on-year, according to data from the Turkish Exporters’ Assembly (TİM). Exports of textiles and raw materials rose 13.8% year-on-year at the end of March 2018, to USD9.03 billion.…

THE FUTURE of Indonesia’s textile and garment industry could be bright, but it companies must deal with the challenges of high energy costs and competition from regional neighbours to succeed, said Ade Sudrajat the chairman of the Indonesian Textile Association (API – Asosiasi Pertekstilan Indonesia).…

THE EUROPEAN Union (EU) has warned that is prepared to impose temporary safeguard duties on imports into the EU of USA-made knitwear, as it launched its reaction to the establishment of American import duties on aluminium and steel imports. EU trade Commissioner Cecilia Malmström told the European Parliament on March 22 that the preparations would continue despite the US exempting the EU from its metal duties until May 1, to allow discussions to continue.…

India’s new Goods and Services Tax (GST) system has severely disrupted tax refund payments and duty drawbacks to exporters, leading to higher production costs and a 30% dip in knitwear exports, experts have warned.

Since its adoption in July 2017, the new value added tax system has been criticised for its complexity – with the knitwear sector having to deal with four separate tax brackets – and forcing small business to invest in online accounting infrastructure that they cannot afford and are ill equipped to manage.…

REPRESENTATIVES of the USA fashion and apparel industries, along with most of the country’s business community and Congressional leadership, are voicing concern about President Donald Trump’s March 1 announcement that he intends to impose additional tariffs on all imports of steel and aluminium.…

PAKISTAN’S government is considering a fresh package of incentives for the country’s exporters, including the key textile and clothing sector, which is particularly interested in the fact officials are examining reducing energy bills. Industry insiders have long argued high energy costs in Pakistan are one of the key factors for increasing production expenses, reducing competitivity and hence overseas sales.…

IF there is a quality that gives many Israeli companies an edge internationally, it is innovation. And this trait can certainly be said to run through the work of Israeli apparel major Delta Galil, based in Caesarea, northern Israel.

“We could not succeed if we were not innovative” said Isaac Dabah, the company’s CEO of Delta Galil, in an exclusive interview with just-style, held at his office.…