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The EU’s free trade agreement with Vietnam is expected to boost European growth and job creation in the retail sector, as well as the development of Vietnam, according to EU trade negotiators.

Two Taiwanese textile firms have set their sights on the Muslim world, which accounts for about a fifth of the global population (between 12 bn to 1.6 bn), by introducing new technology and innovative designs to appeal to the demographic.

A new International Cotton Advisory Committee (ICAC) report informs that world cotton production is projected to increase 6 per cent year over year to 22.5 million tons in 2015/16.

India saw a decline in exports of woolen yarn, fabric and made-ups by 48 per cent and woolen garments by nine per cent in the first quarter of the current financial year.

A delegation of Chinese Textile Company, Zhejiang Daoqin Textile Co Ltd has expressed interest in setting up of a textile industry in the Sitarganj Pase-II industrial estate in Uttarakhand State for which it would be making investment to the tune of Rs 600 crore. In this connection, a delegation of the Chinese textile company met Chief Minister Harish Rawat.