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India’s share in cotton yarn and RMG market declines
According to a report, India has lost its global market share of cotton yarn and ready-made garments to China and Vietnam. This is because of high cost, lack of free trade agreements, and intensifying competition.
Exports light up the market
In October 2020, the US issued a Withhold Release Order on cotton and apparel imports from specific producers in the Xinjiang Uygur Autonomous Region of China, escalating the already tense trade war between the two large economies.
Demand side management in textiles in Bangladesh
Trade encouragement policies of the western countries, availability of cheap labour and low energy costs have provided Bangladesh with huge potential in the global clothing market, especially in EU and the US, feel Rakesh Kumar Goyal and Dr RP Agarwal
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