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Indian firms eyeing Africa for apparel manufacturing
Abundant young talent, simple trade agreements, income tax breaks, cheap labour and power, friendly tax laws, strategic geographical position and the announcement of African Continental free trade area (AfCFTA) makes Africa the preferable destination for apparel manufacturing industry.
EAEU-Vietnam FTA yields positive results
According to statistics released by Vietnam Customs, trade between Eurasian Economic Union (EAEU)and Vietnam hit $3.9 billion in 2017, up 3 per cent from 2016.
Farm to Fashion expo from May 4 in Ahmedabad
In a bid to transform Gujarat from a fabric manufacturing hub to apparel manufacturing hub, textile players are organising a three-day expo ‘Farm to Fashion’ from May 4 in Ahmedabad.
Pakistan planning to raise textile exports
Pakistan is taking various steps, including introduction of zero-rating regime for textile, leather, carpets, surgical goods and sports goods, to enhance exports, Muhammad Pervaiz Malik, Commerce and Textile Minister, informed.
Trump pulls out of TPP
US 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).
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.