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7.3pc rise in exports to

China in July-May in A solution to closed loop recycling

fiscal year 2018 Kong. The mill is offering a solution to closed loop recycling of post-consumer apparel which is to recycle
To produce recycled yarn from post-consumer apparel, after 50 years a mill has been opened in Hong

textiles from mixed or unknown fibers or yarn that is soiled or damaged. This mill is a project of non-profit of
H&M and HKRITA (Hong Kong Research Institute of Textiles and Apparel).
During the fiscal year July – May (2017-18), Pakistan compared to the imports valued at $846.4 million in
exports to Chinas has increased by 7.3 percent the same month of last year. Using ozone and ultraviolet radiation (UV), the incoming materials will be dry sterilized, cleaned, all zips,
which is about $1.6 billion as compared to the buttons and trims will be removes and sported robotically by color. After processing, the clothes will be cut,
exports of goods worth $1.5 billion in same period of During the period under review, the exports of shredded and turned into marled yarn that will bundle into color families before its content is analyzed.
the previous fiscal year. services to China witnessed a decline by 11.8
percent to $184.5 million during July-May (2017-18) The recycled yarns will be blended with virgin material to meet customer’s chief content and color
According to the data shared by the State Bank of as compared to the export of services valued at requirements but because it is just fiber to fiber recycling, the output will have to be exported to China for
Pakistan, an increase in imports of goods from China $209.38 million during same period of manufacturing into garments. This solution is enabling over 200 tons of apparel waste produced in Hong
was recorded at 11.8 percent as it rose to $9.3 billion previous year. Kong every day to be recycled.
in 11 months of preceding fiscal year from $8.3
billion in July-May (2016-17). During the corresponding year the total imports of
services from China increased to $990.27 million
On the year on year basis, in May 2018 the exports from $857.19 million during same period of the
of goods to China increased to $152.5 million as preceding year. On the year on year basis, in May
compared to the exports in the same month of 2017, the exports of services increased from $14.54
previous year worth $125.5 million which shows an million to $15.9 million in 2018, which shows an
increase of 21.5 percent. increase of 9.6 percent. In a similar way, the imports
of services from China, in May 2018, also increased
In May 2018, the imports also witnessed an increase 41.6 percent to $107.14 million May 2018 from India imposing import duty
of 19.2 percent as it rose to $1.01 billion as $75.63 million in same month of last year.
on Chinese goods

Forbes declared H&M top fashion against China to pressure China into addressing the growing trade imbalance between the two countries in

India following US President Donald Trump footsteps is showing signs of adopting protection measures

employer for US women hopes of pleasing the US. According to the experts India is gaming in a risky field as trade benefits from US
are unlikely and the current initiatives will undermine efforts that will boost trade with China.

India’s department of Commerce has recommended tariffs as high as 25% on solar and modules imported
H&M is listed as the best employer for US women under the clothing category by Forbes. The overall ranking from China for a 2 year period. Indian government is also raising concerns over its trade deficit with China and
of the company on the list is 23 , followed by Tilly’s Surf and Skate Clothing at 26 , Levi Strauss & Co at 37 claimed that China has put restrictions on visas for exports of Indian IT services, Indian professionals,
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and Michael Kors Holdings at 47 . medicines, meat and rice to China.
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H&Ma company products include apparel for men, women and kids, sportswear and underwear among According to a report, Indian Department of Commerce’s Directorate General of Trade Remedies said the
several other. The company’s total worth is valued at $26.7 billion. tariffs could “mitigate” the damage that surging imports of solar cells and modules had inflicted on Indian
producers. The proposal still needs approval by the Indian Government and even if the Indian government
Other companies that made it to the American magazine list include Buckle, Gap, REI, Hot Topic and LVMH, goes ahead with the tariffs, the impact in China will be very oblique.
followed by Foot Locker, New Balance, VF, PVH, ASCENA Retail, Nike and Retail Group.
By this move India hopes to remedy its trade deficit of $62.9 billion in 2017 with China and hopes by siding
Amazon on the other hand has been included in the list under the retail and wholesale category for online with America they will get an exemption from US tariffs on steel and aluminum. To reduce its trade deficit with
marketplace at 269 position. Whereas, Ebay is at 292 . China, India should focus on improving its competitiveness of domestic industries rather than imposing tariffs.
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