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  • Chinese ambassador to BangladeshLi Jimingrecently assured Bangladeshi industries, especially those in the textile and readymade garment sector, that the construction of mega projects in the country would not be affected due to theoutbreak of coronavirusin his country. Bilateral trade would not be affected because of the outbreak, he said.Pic: ShutterstockWuhan, the epicentre of the virus, will not affect the fundamental picture of supply chain of Bangladeshi industries as the city is not a produ
  • Bangladeshi apparel products made of raw materials, including cotton, imported from the United States should beexempted from import dutyby importers there, according to foreign minister AK Abdul Momen, who recently floated the idea to strike a deal on purchasing cotton from the United States in exchange ofgetting duty-free market access.Pic: ShutterstockHe was speaking at a luncheon meeting organised by theAmerican Chamber of Commerce (AmCham)in Bangladesh with the theme ‘Strengthening Banglades
  • Bangladeshi garment accessories and packaging manufacturers fear losses of Tk150 billion (1500 crore) due if the coronavirus prolongs for six months as it would create a shortage of raw materials for the sector hindering the production.Figure:About 50% of raw materials are sourced from China.Meanwhile, the business people called for searching alternative sources to procure raw materials to avert supply crunch and policy support with ease trading facilities to buy from the new destination.Banglad
  • Zhejiang China Textile City markets will resume business on Feb 18.To ensure the effect of NCP epidemic preventation and market resumption, market suppliers and visitors need to make registration online in advance and then can apply for the badge with the approved online registration and valid ID at the enterance of the market. The online registration strats from Feb 15. Market suppliers and visitors can search"Smart Care CTC" on wechat, on the website or in the APP of "Online Tex
  • ‘Silkflex Grand Textile Printing Technical Seminar’ shows innovation of Bangladesh textile printing sectorSilkflex Bangladesh Ltd awarded 250 leading textile factories for their contribution to the printing sector on ’12thSilkflex Grand Textile Printing Technical Seminar’ held at Officers’ Club, Dhaka on 7th February.Figure 1: Factories received the ‘Silkflex Print Contest-20’ award.Silkflex Polymers SDN BHD, Malaysia and Silkflex Bangladesh Ltd jointly organized the largest textile screen print
  • The seasonally adjusted volume of retail trade decreased by 1.6 per cent in the Euro Area (EA19) and by 1.3 per cent in the EU27 zone in December 2019 compared to figures in the previous month, according to estimates from Eurostat, the statistical office of the European Union (EU). In November last year, the volume rose by 0.8 per cent in EA19 and by 0.9 per cent in EU27.In December 2019 compared with December 2018, the calendar adjusted retail sales index increased by 1.3 per cent in EA19 and b
  • The global trade of bed linen has been moving up with high growth rate. Total trade increased by 18.27 per cent from 2016 to 2018, according to data from TexPro. The global trade of bed linen was $2,620.07 million in 2016, which increased to $3,098.80 million in 2018. Pakistan, China and Turkey collectively exported 71.83 per cent of total export in 2018.Pic: ShutterstockThe total trade of bed linen has risen by 7.60 per cent in 2018 over the previous year and is anticipated to reach $3,986.25 m
  • Indian Texpreneurs Federation (ITF) and Tiruppur Exporters' Association (TEA) will jointly organise an engagement meet for brands and SME manufacturing units in Tamil Nadu. This was disclosed after a meeting of brands and retailers with industry representatives organised by the ministry of textiles this week. Textiles minister Smriti Irani attended the meeting.Pic: Shutterstock"The meeting was well attended by 30 brands and retailers and was hugely successful. Industry representatives f
  • Jute and jute goods export witnessed a 20.82% leap in the July-January period of FY2019-20 compared to the same period of last fiscal year. The sector earned $602.49 million in July-January of FY2019-20 from $498.66 million in the same period of the last fiscal year.Figure:The interest of jute products is increasing globally because consumers are increasingly using natural sustainable fibers in day-to-day life.During the first six months (July-December) of the current fiscal year, Bangladesh ear
  • The decline in Chinese exports due to thecoronavirus outbreakis likely to pose further risk to zones in Turkey that sell goods imported from China. The Tahtakale neighborhood of Istanbul’s Eminönü district, home to many shops selling products from electronics to garments—some of which have been depending onimports from China—is seeing a decline in sales.Pic: ShutterstockThe volume of cargo transportation carrying Chinese products has significantly decreased, recent data showed.The drop in sales
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