Of the total €81 billion import of clothing from 28 countries to the European Union, 77 per cent is from Asia, which is almost double of what came out of Asia just 10 years ago. In the last 10 years, clothing import from the EU grew €32 billion with €30 billion coming from Asia alone.
Browsing: textile export
Vietnam’s garment and textile export in the first nine months this year posted the lowest growth rate for the last ten years, reported Vietnam Textile and Apparel Association (Vitas). The down growth rate has been caused by import reduction from some major markets of Vietnam where have met with economic difficulties and the Britain’s exit from the EU.
The Botswana Textile and Clothing Association (BTCA) has sought measures including action on export incentives, tendering system and release of permits for skilled foreign workers, among others, to bail out the industry.
To grab the market share vacated by Chinese apparel manufacturers, India’s Clothing Manufacturers’ Association of India (CMAI) has signed a memorandum of understanding with China Chamber of Commerce for Import and Export of Textiles (CCCT) to explore potential areas of mutual co-operation for increasing apparel exports from India.
About $300 billion textile exports by 2025 to create 35 million additional jobs, and the new Textile Policy to realise these goals before this April-end
India’s overall exports of textiles and clothing in 2015-16 may stand at $40 billion, similar to the level a year ago, according to the new Textile Commissioner Kavita Gupta who has assured the textile industry all-out support to overcome global slowdown.
India’s textile and apparel export growth has slowed down in the recent times on account of various internal and external factors