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Wednesday, June 19, 2024

Trade

Pakistan’s textile industry federal budget

The textile industry is extremely disappointed by the federal budget 2024-25. Some concessions enjoyed by the sector were withdrawn...

USA-China dispute, trends in the West African lint trade, and volatile commodity prices 

The just-released edition of "Cotton: Review of the World Situation" is all about the money: the most recent developments...

Global cotton scenario this week

There is uncertainty in Pakistan’s cotton market. The new crop has started arriving from Sindh but the actual size...

Vietnam’s exports surge by 15%, textile and garment exports rise by 7.4%

In the first five months of the year, Vietnam's exports experienced a robust 15% year-on-year growth, with notable contributions...

The 4th China & Asia textile & apparel summit is scheduled in Shanghai

During the summit, 180 representatives spanning apparel brands, retailers, raw material providers, and textile factory heads will convene to...

Call to upgrade Australian laws to check imports from cheap fashion retailers

According to Roy Morgan research Chinese fast fashion retailer Shein and e-commerce giant Temu have grown in popularity, with 800,000...

Levis pledges to expand U.S. Cotton Trust Protocol® involvement

Levi’s has pledged to "significantly expand" its partnership with the U.S. Cotton Trust Protocol® and has said its is the...

BRICS advocates increased utilization of local currencies in intra-member trade

Yesterday, the foreign ministers of the BRICS nations convened in Nizhny Novgorod, Russia, to discuss various global issues, emphasizing...

World Bank Anticipates Global Economic Stability in 2024

The latest Global Economic Prospects report from the World Bank indicates a projected stabilization of global economic growth in...

Italy’s industrial production index sees 2.9% decline

In April 2024, Italy's calendar-adjusted industrial production index dropped by 2.9% compared to April 2023, according to data from...

Cambodia’s textile-garment exports skyrocket by 22% in 2024

In the initial five months of this year, Cambodia saw a notable surge in exports, particularly in garments, footwear,...

RMG exports from Bangladesh decline by over 17 percent in May

Export Promotion Bureau (EPB) data reveals, the overall export earnings dropped by 16.6 percent to $4.07 billion in May, from $4.85 billion in May ‘23. However, However, RMG sector saw...

Global cotton scenario this week

Cotton sales from Sindh have increased as the new cotton crop has started arriving. This resulted in steading the...

Boohoo failed to live up to its ESG standards as investors seek legal damages

Shares in Boohoo dived more than 40 percent over several days, wiping more than £1.5bn off its valuation, after a 2020...

Economic Confidence in Turkiye Dips in May 2024

In May 2024, Turkiye witnessed a dip in its economic confidence index, marking a decline of 0.8 percent to...

APTMA demands regionally competitive energy tariff and zero rating

Central Chairman All Pakistan Textile Mills Association (APTMA) Mr Asif Inam has demanded reduction in power tariff to 9...

Slow increase in textile exports worries Commerce ministry officials

Pakistan’s textile exports are projected to reach $16.64 billion by the end of the current fiscal year which is a one percent...

US Customs further tighten scrutiny on duty free low value consignments

U.S. Customs and Border security has further tightened the scrutiny of low value consignments in the United States that...

Manufacturing sector in the UK has rebounded in May, marking a return to growth

In May of this year, the UK manufacturing sector experienced a resurgence, with output expanding at its fastest pace...

ICE cotton prices have plummeted to a new low due to sluggish demand

Weak underlying factors pushed ICE cotton prices to a new annual low this Monday. The downturn was fueled by...

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Leading global brands join forces to decarbonise Bangladesh’s fashion industry

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Leading global fashion brands like Gap Inc, H&M Group, Mango, and Bestseller have joined forces to participate in an initiative to decarbonise the fashion...