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Stilts for Sagging Fortune?
Governments usually go by the diction, ‘better late than never.’ The recent instance is when the Finance Minister Nirmala Sitharaman announced six steps to boost exports including the new Reimbursement of Taxes and Duties for Export Promotion (RoDTEP) scheme on export duties,etc.
Egyptian Cotton launches BCI Pilot Project
Cotton Egypt Association has announced a partnership with UNIDO under the framework of “The Egyptian Cotton™ Project” to cooperate on the Better Cotton Initiative (BCI) pilot launch for the first time in Egypt.
Truetzschler-Toyota’s new deal in combing biz
In a new deal, Truetzschler will take over the complete responsibility from Toyota for the comber business from engineering up to sales, service and spare parts
US withdrawal from TPP still hurting Vietnam
A number of yarn, weaving and dyeing projects in Vietnam have restarted after a period of postponement due to the US withdrawal from the Trans-Pacific Partnership (TPP). However, the textile & garment industry still faces difficulties.
Vietnamese textile attracts $750 mn FDI
The Vietnamese textile and apparel industry attracted more than $750 million in FDI in the first six months of 2017, mostly from investment capital increases in existing projects, despite a reduced number of FDI projects in recent years and the US withdrawal from the Trans-Pacific Partnership (TPP) last January.
Xerox-EFI’s strategic tie-up
Xerox Corporation and Electronics For Imaging (EFI) have announced a strategic partnership to bring to market a next generation digital front end (DFE) to drive Xerox digital production presses.
Trump pulls out of TPP
President Donald Trump abruptly ended the decades-old US tilt toward free trade by signing an executive order to withdraw from an Asia-Pacific accord that was never ratified and promising to renegotiate the North American Free Trade Agreement (Nafta).
Trump’s TPP rejection to benefit Cambodia
Thanks to the US President Donald Trump’s decision to withdraw from the Trans-Pacific Partnership (TPP), Cambodia’s domestic garment and footwear industry is expected to get a boost, according to the Garment Manufacturer’s Association of Cambodia (GMAC).
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