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  • After the EU Council adopted a decision on the conclusion of a free trade agreement (FTA) between the EU and Vietnam, almost complete (99%) elimination of customs duties between the two blocks will come into force.Figure: The FTA will also lessen many of the current non-tariff barriers to trade with Vietnam.The FTA will also lessen many of the current non-tariff barriers to trade with Vietnam and open up Vietnamese services and public procurement markets to European Union companies.This new gate
  • USA apparel import under The Central America-Dominican Republic Free Trade Agreement (CAFTA-DR) has gone down by 35.72 per cent in values and 38.21 per cent in volumes during Jan.-May ’20 period.The 6-nation bloc which includes Guatemala, El Salvador, Honduras, Costa Rica, Nicaragua and Dominican Republic shipped 739.11 million SME garments to USA worth US $ 2,170.04 million.Honduras, the top exporter of apparels to USA from the Central American region, fell 42.57 per cent to ship US $ 610.28 mi
  • 24,000 jobs gone in 6 months in the UK’s high street! And if industry experts are to be believed, this is just the tip of an iceberg.Image Courtesy: walesonline.co.ukIt was expected considering several British fashion bigwigs have collapsed into administration especially after the pandemic onslaught since March this year.But numbers as big as 24,000 is indeed shocking.The numbers were confirmed by Centre for Retail Research or CRR.To add to these numbers, CRR stated that another 31,628 retail jo
  • Himatsingka Seide Limited, a India-based manufacturer, retailer and distributor of home textiles, has reported decrease in its total income to ₹24,196 million in fiscal 2020 ended on March 31, 2020, compared to income of ₹26,542 million in previous year. Group’s profit for the year fell from ₹1,968 million in FY19 to ₹132 million in the reported fiscal.Profit before tax (PBT) during FY20 slipped to ₹851 million (₹3,080 million).The performance of the group in the fourth quarter (Q4) FY20 decline
  • Productivity and efficiency are the heart cores of the apparel industry in the sense of business growth and sustainable position in this era of a competitive market. At the beginning of the apparel industry revolution in Bangladesh, productivity percentage was really flexible and relaxed.Figure 1: Lack of productivity and efficiency are the main barriers of the Bangladesh RMG.Business owners did not focus on workers’ efficiency and labor productivity as labor cost was very low and the Cost of Ma
  • DERRY - A new study on Uzbekistan's controversial cotton industry says the country still faces significant challenges if it is to achieve the international benchmarks expected by consumers and brands.Uzbekistan abolished the state-ordered quota system for cotton crops, ending a decades-old arrangement that encouraged forced labour in the industry, earlier this year and hopes international boycotts will soon be lifted.However, thenew report by Ulster University and the Uzbek Forum for Human R
  • Five garment manufacturing units and three private firms were recently allotted land along the Yamuna Expressway in Gautam Buddh Nagar district of Uttar Pradesh (UP). The decision is expected to fetch investments worth ₹50 crore and create 2,000 jobs, officials said. The allotted pieces of land are close to the upcoming international Greenfield airport in Jewar.Pic: ShutterstockThe five companies—H & MTraders, Twenty Second Miles, Prudent Exim, S K Textile Mills and Raghu Creations—are membe
  • The Punjab Agricultural University (PAU) recently claimed it has developed a new variety of genetically modified Bt cotton seed that is pest-resistant and has a better shelf life for use in subsequent sowing seasons. The variety is in the final stages of getting notified by the central sub-committee on crop standards, notification and release of varieties.The sub-committee functions under the ministry of agriculture. The new variety is resistant to pests such as American bollworm, pink bollworm,
  • Thai Acrylic Fiber Co Ltd (TAF), a part of Aditya Birla Group, has launched a new range of fibre called Birlacril lumos. The new fibre will provide an enhanced level of richness to fabrics and garments. Birlacril lumos is a superior white colour fibre that will make the whites even whiter and improve the intensity of fabrics dyed in lighter or pastel shades.“Acrylic is known for bright and vibrant shades much better than any other fibre however, when it comes to light and pastel shades like baby
  • DERRY - A new study on Uzbekistan's controversial cotton industry says the country still faces significant challenges if it is to achieve the international benchmarks expected by consumers and brands.Uzbekistan abolished the state-ordered quota system for cotton crops, ending a decades-old arrangement that encouraged forced labour in the industry, earlier this year and hopes international boycotts will soon be lifted.However, thenew report by Ulster University and the Uzbek Forum for Human R
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