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Vietnam’s Q1 textile exports turnover seems to recover
The first four months of the current year have been profitable for Vietnam as there was an increase in the export of textile and garments. As per the Ministry of Industry and Trade, it has earned over $9.5 billion in Q1.
Vietnam’s Q1 textile exports turnover is recovering
Thanks to new Free Trade Agreements and government-assisted trade promotions and market search, Vietnam’s textile exports turnover for Q1 of 2021 has seen a modest growth after last year’s dip because of the pandemic.
Threat to Bangla garment exports to US
Exports from Bangladesh, particularly of garment items, will face further tariff competition in the US market if Donald Trump, the President-elect, implements his plan of border tax, one of his major campaign promises.
Textiles Committee & COO
The DGFT has notified vide Public Notice No. 67/2015-2020 dated March 30, 2016 that “Textiles Committee” would also be one of the competent agencies to issue Certificate of Origin (COO) under certain Free Trade Agreements (FTAs)/Preferential Trade Agreement(PTAs) along with the other Authorised Agencies.
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