Page 14 - January-February-2018

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Pakistan, Italy agree to promote

cooperation in textiles

Pakistan and Italy signed three letters of Intent (LoIs) enhancing bilateral commercial and investment Matching market demand: popular
for cooperation in Textiles, Footwear and Stone relationship.
sectors at the 3rd session of Pak-Italy Joint product zones return again
Economic Commission (JEC) held in Rome. While noting that there was an increase in bilateral
trade during the past year, the two sides agreed that
The Pakistan delegation was led by Minister of State the current level of bilateral trade and investment did The global apparel fabrics and accessories industry Beyond Denim
for Finance Rana Muhammad Afzal Khan, while the not fully reflect the potential of their economies. Both is gearing up for its key spring summit – one of the China produces more than 2.5 billion denim
Italian delegation was headed by Deputy Minister, sides acknowledged the need of increasing the total trade fair highlights of the year where the entire garments per annum, with much of this output then
Italian Ministry of Economic Development Ivan trade flows by facilitating market access and sector gathers to do business, discover the latest exported to the US and Europe, ensuring demand for
Scalfarotto. diversifying the range of goods and services. fashion trends, find new innovations and discuss imports of quality denim fabrics is high
what’s in store for the year ahead. Intertextile
The two sides reviewed the economic situation in It was agreed to increase institutional collaboration, Shanghai Apparel Fabrics – Spring Edition returns 18% of buyers at the 2017 Spring Edition were
both countries and discussed areas of bilateral promote SME development and collaborate in other from 14 to 16 March following strong results in its two interested in sourcing denim, ensuring a steady flow
economic cooperation. Views were exchanged on important sectors also. Both sides also agreed to editions last year. The 2017 spring fair was the most of buyers to this zone
the current economic conditions and prospects of remove the bottlenecks in promotion of trade. international yet, with over 71,000 trade buyers from Digital Printing Zone
103 countries and regions doing business with more While a clear global trend, the potential in this sector
than 3,300 exhibitors from 26 countries and regions. in China is amplified due to increasingly stringent
national environmental protection policies
Matching market demand: popular product zones
return again Functional Lab
While one of Intertextile’s biggest strengths is the fact With Chinese consumers jumping on the athleisure
the entire apparel fabrics and accessories sector bandwagon, and increasingly participating in sports
gathers in the one place for three intense days of & outdoor activities, the functional fabrics sector is
business, the fair is also conveniently categorised to one of the fastest growing
Indian textile and apparel ensure sourcing efficiency. A number of country & This is evidenced in Intertextile’s buyer profile also, with
region pavilions as well as group pavilions will feature,
27% of buyers stating functional wear and sportswear
while the following product zones, established to
exports fall 13% maximise the opportunities from growth areas in the as their main area of interest at the 2017 edition
Chinese and Asian markets, return again.
Premium Wool Zone
Accessories Vision Growth in the domestic consumption of high-end
overseas wool fabrics remains strong, particularly for
Export of textiles and apparel have been falling Tax (IGST) and on Return of State Levies (ROSL), In the last two Spring Editions, the number of suiting as Chinese men increasingly adopt
every month in India despite the government's says the trade. Also, to ensure importing countries exhibitors in this zone has grown by nearly 70%. This Western-style office attire
efforts to give the segment a boost. Data compiled treat exporters at par with their counterparts in demand comes from the fact that more than 21% of
by the Confederation of Indian Textile Industry (CITI) LCDs. buyers attend the fair to source accessories Verve for Design
showed textile and apparel export fell 13 per cent to While the original pattern design market in China has
INR 186 (USD 2.88) billion in January, against INR "The sharp decline in exports of cotton textiles by 16 All About Sustainability matured somewhat since its fast-growing early days,
215 (USD 3.33) billion in the corresponding month per cent, apparel by 14 per cent and man-made With the Chinese government implementing ever sales during the fair in this zone remain strong
last year. Textile export slumped 13 per cent to Rs textiles by 7 per cent contributed to the stricter pollution control measures on the one side, In addition to the sourcing event that is Intertextile
97 billion from Rs 111 billion in the year-ago period; performance. The share of textile and apparel and increasingly eco-conscious domestic Shanghai Apparel Fabrics, four other textile fairs also
apparel export declined 14 per cent to Rs 89 billion. export declined to 12 per cent in January against 14 consumers and higher requirements from export take place at the National Exhibition and Convention
per cent in January 2017," said Sanjay Jain, customers on the other, demand from the local textile Center: Yarn Expo Spring, Intertextile Shanghai Home
With the rupee appreciation and preferential chairman, CITI. Textile and apparel export between industry for sustainability products & services Textiles – Spring Edition, CHIC and PH Value.
treatment given to Least Developed Countries April 2017 and January 2018, first 10 months of the continues to grow Participants of these fairs will also look to source from
(LDCs) by importing nations, the government needs financial year decline of 4 per cent, to Rs 1,871 exhibitors of Intertextile Shanghai Apparel Fabrics,
to ease refund of Integrated Goods and Services billion from Rs 1,940 billion a year ago. This zone, with product & service, display and ensuring extra business opportunities are provided
educational areas, remains the key sustainability by the entire textile supply chain gathering under
event in China for the wider industry one roof.

January/February 2018 January/February 2018