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Related Keywords: assuring traders of full-fledged support for export of their products, daily market will take stake-holders to higher level, decide to have state of art design studio, into international destination for textile business, PDEXCIL, PDEXCIL to shift its regional office to Texvalley, Texvalley journey towards transforming, Trade Complex Texvalley

PDEXCIL (Power loom Development and Export Promotion Council) has decided to have its state-of-art Design Studio in the Trade Complex, Texvalley also the regional office of PDEXCIL will be shifted to Texvalley in two months time, assuring traders of full-fledged support for export of their products, with this Texvalley has received a further drive in its journey towards transforming into an international destination for textile business.

Related Keywords: bring down cost of all essential utilies, custom rebate, Deduction of export development fund, increase exports, Pakistan government, par with regional competitors, take bold steps to raise exports, textile value added sector, under strategic trade policy framework, Worker Welfare Fund

Pakistan government being urged by textile value added sector to bring down the cost of all the essential utilities at par with the regional competitors to increase the country’s exports to $35 billion by 2018. The country needs to increase exports with approximately 30 percent growth every year until June 30, 2018 and with 30 percent growth every year the exports will reach to $27 billion in 2016/17 and $35 billion in 2017/18.

Related Keywords: AEPC, cheaper Chinese varieties, cotton fabrics declined more than four percent, dropped by two percent, Export of cotton based readymade goods, fall in merchandise export, hampered production of cotton goods, heavy duties on import, high price of domestic cotton, highest foreign exchange earners among textile products

Export of cotton-based readymade goods, among the highest foreign exchange earners among textile products, dropped by two percent in 2015-16, from $37.1 billion in 2014-15 to $36.2 billion; while cotton fabrics declined a little more than four percent. This was part of the larger trend of a fall in merchandise export, down for a 17th continuous month in April.

Apparel Export Promotion Council head Ashok G Rajani said that the high price of domestic cotton, coupled with heavy duties on import of cheaper Chinese varieties, have hampered production of cotton goods.

Related Keywords: ACTIF, AGOA, both an international trade fair on textile and clothing, GEFP, Madagascar to host this international event, Madagascar Export Processing Zone Association, ongoing effort dedicated to improving African Cotton, Origin Africa, textile and apparel trade, textile export

Origin Africa, both an international trade fair on textile and clothing and an ongoing effort dedicated to improving African Cotton, Textile and Apparel trade which is all set to be held in Madagascar in November. This is the first time for Madagascar to host this international event, said the Executive Director of Madagascar Export Processing Zone Association, Eva Razafimandimby during a press conference held in Madagascar’s capital Antananarivo on Monday.

In Shengze, offers for 32s polyester yarn rolled over in the last week of May, and 45s were stable during the week. In Qiangqing, 32s weaving were unchanged on the week.

Offers for spun polyester yarns were steady that week in China, as demand was hard to improve amid insipid demand. Some players had rigid demand to replenish goods while sellers reported slow payment collection.

Related Keywords: Polyester prices, polyester yarn prices, psf prices, spun yarn prices, yarn prices in china, yarn prices in India, yarn prices in Pakistan

Asian PTA marker was down US$3 a ton CFR China in the last week of May. The CFR Southeast Asia was assessed flat from last week, while CFR India was up US$2 a ton on the week.

In China, offers for bonded goods dropped to US$600‐605 a ton, with bids on the either sides of US$590 a ton.

Purified terephthalic acid markets were mixed in Asia with weak prices in China while India remained firm and CFR Southeast Asia assessed flat from last week.

Related Keywords: Polyester prices, pta price in China, pta price in US, PTA prices, purified terephthalic acid prices

Related Keywords: largest trade exhibition, leading delegation of clothing, national trade development and export promotion organization, potential source of good quality clothing, register presence on global market, Source Africa, textile companies, textiles products, Zim Trade, Zimbabwe, Zimbabwe-South Africa Bilateral Trade Agreement, ZITMA

Zim Trade, the national trade development and export promotion organization, is leading a delegation of clothing, textiles and leather companies at the largest trade exhibition, Source Africa being held at Cape Town, South Africa. It was important for Zimbabwe to participate in the conference in order to register its presence on the global market, said Head of delegation, who is also ZimTrade’s operations director Allan Majuru.

Related Keywords: All Pakistan Textile Mills Association, DLTL scheme, government declaring zero rated tax regime, levies, lose markets internationally, make exports costlier, Pakistan textile industry, presumptive taxes, regional competitors, substantial drop in textile exports, surcharges and cess, Textile exporters, various taxes

The Pakistan textile industry likely to lose markets internationally despite government declaring zero rated tax regime, because of various taxes, levies, presumptive taxes, surcharges and cess, makes the exports 10 to 15 percent costlier against the regional competitors.

Pakistan's exports have come down by 12 percent against over $13 billion last fiscal year due to the incidentals of various taxes, levies and surcharges.

Related Keywords: adopting cluster approach, cocoon sector, Divisional Commissioner Kashmir, improve silk trade in the valley, Jammu and Kashmir sericulture and silk industry, new technology methods, overall development with special focus, productivity, review meeting on measures for establishment of silk cluster, silk cocoon production, under MSME scheme

As Jammu & Kashmir sericulture and silk industry needs an overall development with special focus on cocoon sector, silk cocoon production and productivity, besides dissemination of new technology methods and adopting cluster approach for which Divisional Commissioner Kashmir, Dr. Asgar Hassan Samoon convened a meeting to review the measures being taken for the establishment of Silk cluster at Solina Srinagar under the MSME, scheme.

Related Keywords: drought. push up fabric and clothing prices, halted cotton exports, India, local prices rallied, Pakistan and Vietnam, pressure on margins of garment makers. forced key importers like Bangladesh, tight supplies, turn to other suppliers, world’s biggest producer of cotton

India, the world’s biggest producer of cotton has nearly halted cotton exports as local prices have rallied due to tight supplies because of drought. The price rise could subsequently push up fabric and clothing prices and put pressure on the margins of garment makers. This has also forced key importers like Bangladesh, Pakistan and Vietnam to turn to other suppliers.

The freeze in Indian export will prompt Brazil, Australia and United States to raise shipments and has pushed global prices to near their highest since August.