Textiles is India´s foremost manufacturing industry and has a significant impact on the economy since it contributes to industrial output, employment generation and the export earnings of the country. With contribution of about 14 per cent to the industrial production, 4 per cent to the GDP and 13 per cent to the country´s total export earnings, the industry provide direct employment to over 45 million people.
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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
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
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
The World Trade Organization (WTO) has launched a new website, which will serve as a focal point for members, donors, and others seeking information on the new Trade Facilitation Agreement Facility (TFAF).
Growth in the volume of world merchandise trade will pick up only slightly over the next two years, rising from 2.8 per cent in 2014 to 3.3 per cent in 2015 and eventually to 4.0 per cent in 2016, WTO economists have announced. Director-General Roberto Azevêdo said that ´by withdrawing protectionist measures, improving market access, avoiding policies which distort competition and striving to agree reforms to global trade rules, governments can boost trade and seize the opportunities that it offers for everyone.´
At the end of 2014-15, world ending stocks of cotton are projected up 11 per cent to nearly 22 mt. After increasing substantially in each of the three previous seasons, China´s ending stocks are expected to remain stable reaching just over 12 mt in 2014-15, and would account for 56 per cent of total world stocks.