India is looking beyond the EU and the US in trade. The Indian government plans to examine the feasibility of a free trade agreement (FTA) with Mexico.

India is looking beyond the EU and the US in trade. The Indian government plans to examine the feasibility of a free trade agreement (FTA) with Mexico.

Surat, which is famed to house India’s largest man-made fabric (MMF) hub, is in for bad times with the Indian Finance Ministry’s decision to impose definitive anti-dumping duty on purified terephthalic acid (PTA) imports from China, Iran, Taiwan, Indonesia and Malaysia.

Technosmart, a new revolutionary fabric from Raymond is expected to boost the company’s fortunes with the management targeting a business of Rs 100 crore in the next one year.

The weakness in trade in China, the world’s second-largest economy, continued in July 2016. China’s exports fell again in July by an unexpectedly wide margin. Exports fell by 4.4 per cent to $184.7 billion, of course, a slight improvement over June’s 4.8 per cent contraction, the country’s customs data showed. On the other hand, imports fell 12.5 per cent to $132.4 billion rising from a decline of 8.4 per cent.

For the second quarter of 2016 Thailand-based Indorama Ventures’ profit after tax and non-controlling interests rose 74 per cent year-on-year driven by margin recovery in the polyethylene terephthalate (PET) segment and contributions from additional feedstock volumes.

Cambodia’s export to the US is hitting snags, with the garment and footwear exports from Cambodia to the US falling by eight per cent during the first half of the year. Garments comprise the largest component of Cambodia’s export basket to the United States, the country’s biggest single country export market.

The Indian Government has imposed anti-dumping duty (ADD)—ranging between $0.180 and $0.194 per kg—on viscose staple fibre (VSF) imports from China. The Finance Ministry has announced levying of ADD ranging from $0.103 to $0.512 per kg on VSF imports from Indonesia.

Most global brands doing business in Bangladesh have decided to stay put in the country. Serial attacks on the foreigners by the Islamist extremists have not deterred them from continuing business, and they have emphasised their willingness to buy products from Bangladesh?s garment sector.