Page 25 - April-May-2020

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26 Automation for Spinning Mills
NBP willing to invest in textile
Pak-China FTA dents Indian cotton ®

export industry
yarn exports

India’s exports of cotton yarn have declined 38.8% turn, led to a drop in prices.
during the six months (April to September), with
Mr Arif Usmani, NBP President said that NBP is ready to invest in the textile industry. He said that exporters
June being the worst affected month in the last five China’s free trade agreement (FTA) with Pakistan
are invaluable assets of the country. He said economic development will be more fruitful with the
years. Exports this year stood at 422 million kgs from April this year is seen as one of the major
cooperation of exporters as well as enterprises.
valued at $1.27 billion compared to 654 million kgs factors for the drop in India’s cotton yarn exports to
valued at $2.08 billion in the same period last year. China, which is among India’s top markets.
Mr Khurram Mukhtar, PTEA Chairman, welcomed NBP President and said that the counter terrorism and
extremism war has negatively impacted the textile industry. However, the condition is gradually improving.
Quantity-wise, exports of cotton yarn have declined There is an import duty ranging from 3.5% to 5% on
Mr Mukhtar, highlighting the key initiatives said that the govt. has released funds of Rs 35bn in the existing
every month from 90 million kgs in April 2019 to 67 cotton yarns imported from India into major
fiscal year and another Rs 12bn have also been released. The disbursement will start by the end of May,
million kgs in September 2019. The export quantity markets like China, EU, Turkey and South Korea as
2020 by SBP.
of 59 million kgs in June 2019 was the lowest against imports from competing countries like
monthly export in the last five years. As a result of a Bangladesh, Cambodia, Pakistan, Indonesia and
Special energy tariffs for zero rated sectors have been announced to cut down the production cost of
decline in exports this year, the supply of cotton Vietnam which enjoys benefits of zero duty in these
exports. The chairman further added, “The government would set a roadmap to generate robust economic
yarn has increased in the domestic market and in markets.
activity, increase exports to $30bn and fulfil the premier’s vision of economic prosperity through exports.”
AGV SPINNING CAN TRANSPORT
NCTO demands inclusion of - FREE NAVIGATION
- SELF CHARGING
Fall in US apparel imports from China - MODULAR GRIPPER SYSTEM

finished textile items in
- CONSTANT USE
Pakistan booked second-highest growth - ADAPTED TO WORKER´S
ENVIRONMENT
retaliatory list

The volume of US apparel imports fell for a second In terms of individual supplier countries, just four of
consecutive month in September as additional the top-ten recorded a year-on-year increase in
A quick and transparent exclusion process has been urged by NCTO to raise tariff on Chinese imports
tariffs on clothing imports from China kicked in and shipment volumes in September, with Cambodia
worth $200 billion from 10pc to 25pc, including textile items as well as apparel in the list of retaliatory tariff. Watch our Product Video
the back-to-school season came to an end. Growth
booking the highest growth at 25.59%. China – the
in shipment volumes from Cambodia surged during largest supplier of apparel to the US – saw the
Mr Kim Glas, NCTO president and CEO said, “We remain very concerned that finished Chinese textile
the month, while China booked the largest decline largest decline in shipments at 13.16% year-on-year
home furnishings and apparel are not on the administration’s retaliatory tariff list. Chinese imports of
– a milestone that adds to the suggestion that US to 1.17bn SME, with imports from the country down
finished goods into the U.S. market have the most significant impact on domestic textile and apparel
buyers are continuing to explore alternative sourcing 13.3% month-on-month from the 1.35bn SME
production, investment and jobs. In order to address the crisis, we need to get to the very
options amid the ongoing trade war with the US. recorded in August.
heart of the problem.”
According to U.S. government data, China predominantly ships end items to the U.S. versus intermediate
The latest figures from the Department of
Pakistan booked the second-highest growth with a
inputs. Finished apparel, textile home furnishings and other made-up textile goods equate to 93.5 percent
16.09% surge to 50m SME. Indonesia recorded the
Commerce's Office of Textiles and Apparel (OTEXA)
of U.S. imports from China in the sector, while fiber, yarn, and fabric imports from China
show the volume of US apparel imports from all only other rise with shipments up 3.18% to 94 SME.
represent only 6.5 percent.
sources fell 6.8% month-on-month in September to For more information please contact:
2.59bn square metre equivalents (SME). The Mexico, meanwhile, reported the second-highest MR. UWE LENKEIT
He said, “NCTO also remains seriously concerned that some inputs critical to the competitiveness of US
figures also show a 4.34% decline in volume decline at 8.53% to 59m SME. El Salvador, India Phone.: +49 (0)5941 604-267
textile manufacturers remain on the retaliation list and will now face a 25 per cent tariff. Duty increases on eMail: uwe.lenkeit@neuenhauser.de
and Honduras all also reported declines at 4.96%,
against the same month last year and a 2.1% drop
inputs alone, without addressing the growing problem of end products can raise the cost of US textile
in value terms year-on-year to US$7.77bn. 0.65%, and 0.62% respectively.
manufacturers trying to compete with like Chinese products.” Neuenhauser Maschinenbau GmbH
Hans-Voshaar-Str. 5 | 49828 Neuenhaus GERMANY
April/May 2020
October/November 2019 WWW.NEUENHAUSER-TEXTILE.COM