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Related Keywords: 2018 National Budget, aimed at protecting local textile industries, begin effect tax measures, fabric specification declaration form, Finance minister Patrick Chinamasa, from ten to thirty percent, imported cotton fabric, influx dumped cheap imported fabrics, proposed to increase customs duty, starting from January, tariff codes

Finance minister Patrick Chinamasa in his 2018 National Budget statement announced that the government to begin effect tax measures starting from January1 aimed at protecting local textile industries.

He said that it is proposed to increase customs duty on imported cotton fabric from 10% to 30% plus $2,50 per kilogramme, with effect from January 1, 2018.

Notwithstanding support measures availed by government to the textile manufacturing industry, the sector continues to face competition due to the influx of dumped cheap imported fabrics.

Related Keywords: during January 2018, Egyptian Home Textiles Export Council, Heimtextil international trade fair, held in Frankfurt, home textiles, home textiles exports rose 4.8 percent, HTEC, participate in Carpet Domotex International exhibition, participate with 40 Egyptian companies

The Egyptian Home Textiles Export Council (HTEC) announced their intention to participate with 40 Egyptian companies in the upcoming Heimtextil International Trade Fair for home textiles set to be held in Frankfurt, Germany during January 9 to 12, 2018.

Chairman of HTEC said that Egypt will also participate in the Carpet Domotex International exhibition, which is scheduled to be held in Hanover from January 13 to 17, 2018.

Related Keywords: during January 2018, Egyptian Home Textiles Export Council, Heimtextil international trade fair, held in Frankfurt, home textiles, home textiles exports rose 4.8 percent, HTEC, participate in Carpet Domotex International exhibition, participate with 40 Egyptian companies

The Egyptian Home Textiles Export Council (HTEC) announced their intention to participate with 40 Egyptian companies in the upcoming Heimtextil International Trade Fair for home textiles set to be held in Frankfurt, Germany during January 9 to 12, 2018.

Chairman of HTEC said that Egypt will also participate in the Carpet Domotex International exhibition, which is scheduled to be held in Hanover from January 13 to 17, 2018.

In China, ASF prices fell with medium-length fibre and cotton-type down US cents 14 a kg in the second week of December. Taiwan origin 3D bright ASF tow offers were down US cents 13 a kg on the week.

ASF offers in China declined that week after six weeks of stability as there was limited support from the upstream ACN market during the week.

Downstream yarn mills held bearish expectation toward ASF market, and made more measured procurement on the limited terminal demand recently. Producers operated at reduced run rate in order to maintain normal inventory.

Related Keywords: acrylic staple fibre, acrylonitrile prices, ASF prices, asf prices in China, asf prices in India, asf prices in Pakistan

Asian acrylonitrile markers, CFR Far East and South East Asia were both down US$10 a ton in the second week of December. In China, offers for offshore cargoes were flat on the week while prices in India were stable.

Acrylonitrile prices in Asian markets fell that week despite strong propylene market. Prices were pressured by increasing availability in the region. PetroChina Jilin is planning to shut its 452,000 tons per year ACN plant for maintenance by April-May 2018.

Related Keywords: Acrylonitrile price in Asia, Acrylonitrile price in Europe, Acrylonitrile price in USA, asf producers, chemical grade propylene

Related Keywords: cotton bales, Cotton market, December closing, Karachi Cotton Association, Karachi cotton exchange, kerb market, second grade of cotton, slow down in trading activity, Spinners, spot rates remained unchanged, trading remained slow

Cotton market witnessed slowed down in trading activity due to December closing. At the Karachi Cotton Exchange on Tuesday, trading remained slow, while spot rates remained unchanged.

The spot rates stood firm at Rs7,000/maund (37.324kg) and Rs7,502/ 40kg. Ex-Karachi rates also remained unchanged at Rs7,145/ maund and Rs7,657/ 40kg after an addition of Rs145 and Rs155 as upcountry expenses, respectively.

Related Keywords: also demanded relaxation for the import of cotton yarn, appreciating move to withdraw duties and taxes, Chairman Dr Khurram Anwar Khawaja, encourage value-addition, import of cotton, Pakistan Hosiery Manufacturers and Exporters Association, PHMA, raw material for value-added knitwear sector

Pakistan Hosiery Manufacturers and Exporters Association (PHMA) Chairman Dr Khurram Anwar Khawaja appreciating the move to withdraw duties and taxes on the import of cotton to encourage the value-addition has also demanded the same relaxation for the import of cotton yarn, which is a raw material for value-added knitwear sector.

Related Keywords: AMITH, expected to be one of the key factors, fast-fashion industry, first time collaborating with new brands, founder of Marwa group, Irish company Primark, Karim Tazi, Moroccan Association for the Textile and Clothing Industries, Moroccan textile sector, president, prime contractors, purchase part of order from Morroco, Swedish brand H&M

The Moroccan textile sector is expected to be one of the key factors in the fast-fashion industry. According to the Moroccan Association for the Textile and Clothing Industries (AMITH), president, Karim Tazi and also founder of Marwa group for the first time, they are collaborating with new brands such as the Swedish brand H&M, as well as the Irish company Primark.

H&M and Primark considered as prime contractors with already several large orders to execute will purchase parts of their orders from Morocco. This decision is likely to create 20,000 additional jobs in the textile sector.

Related Keywords: as well as business opportunities, cabinet meeting, granted approval, increase in employment, Power loom, presided by Chief Minister Yogi Adityanath, promote textile industry, proposal of Handloom, Textile and Garment policy 2017, Uttar Pradesh government

The Uttar Pradesh government on Tuesday in a cabinet meeting presided by Chief Minister Yogi Adityanath, the proposal of the Handloom, Power loom, Textile and Garment policy 2017 was granted approval to promote its textile industry.

Talking about the decisions of the Cabinet meeting, UP government Spokesperson and Health Minister Sidhharthnath Singh said that the decision will lead to increase in employment, as well as business opportunities, while industries like Silk and weaving will get promoted,.

Related Keywords: undefined

The textiles ministry, which had allocated a sum of Rs 126.76 crore for 2017-18, Rs.83.08 crore has already been spent till now and is planning to seek an additional Rs 33.27 crore for the Power Tex India scheme in the form of supplementary demand for grants, said textile minister Smriti Irani earlier this week in the Rajya Sabha.