The European Union has reinstated Sri Lanka to its GSP+ programme, a special arrangement under the Generalized Scheme of Preferences aimed at encouraging sustainable development and good governance.
Provincial authorities challenge Pakistan’s federal government Karachi Textile City closedown decision
Authorities in Pakistan’s Sindh province announced on March 3 they would challenge their federal government’s decision to abort the Pakistan Textile City project.
German retailer KiK paid $5.15 mn in compensation to dependants of workers killed or injured in the 2012 factory fire at Ali Enterprises in Karachi.
US apparel imports (in square metres) grew 3.4% in December 2016 over December 2015, though falls in the previous six months a 2016 annual fall of 1.1%.
Foreign media and Vietnamese businesses almost unanimous in complaining about effect on Vietnamese apparel industry of US abandoning TPP negotiations. But even the Vietnamese admit that its apparel industry exports grew 5.2% in 2016. This, they believe, compares with:
Just about every apparel industry commentator on the planet is constantly going on about rising cost prices. But do any of them look at what buyers are paying?
US apparel imports in September, measured in square metres of apparel, grew 4.8%, bringing growth in the moving annual total (MAT) to September to 6.1%. As in most Septembers, China’s share was around 50%.
Threats of retaliation against China were mounting as a 1.9% devaluation announced on August 11 turned into a 4.4% fall by August 14.
The US dollar value of Chinese apparel exports continued to fall in June. But, with exports to the UK and US remaining healthy, the fall seems mostly the result of the collapsing euro and yen.
The US dollar value of Pakistan’s total apparel and textile exports fell in March (by 16.2%) over the previous year for the second successive month.
Pakistan’s March textile exports fell 16% year on year.
US apparel imports (measured in square metres of apparel) appeared to soar 20% in March over March 2014 after erratic movements earlier in the year.
China’s President Xi Jinping has signed agreements with Pakistan on April 20 promising investment of $46bn (£30.7bn).
“The industry is incurring an annual loss of around $6 billion due to the presence of second-hand, smuggled textiles and clothing in the domestic market” said All Pakistan Textile Mills Association (APTMA) Chairman S M Tanveer on April 4.