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Related Keywords: adhere strictly to principles, create a new foreign direct investment trend, positive impact on investment climate, preferential taxation, price-related competitive advantage, reduce barriers to investment, Trans Pacific Partnership trade agreement

Trans-Pacific Partnership (TPP) trade agreement is expected to create a new foreign direct investment (FDI) trend in Vietnam which would also have a positive impact on the country’s improvement of investment climate, said Duane Morris Vietnam LLC’s general director Oliver Massmann.

He noted that determining the actual working of the new FDI trend required a detailed analysis of the content of the agreement and its implementation.

In the last week of September, acrylic staple fibre markets witnessed slow liquidity amid limited negotiations in a thick holiday atmosphere.

In China, run rate stayed at close to 100 per cent while downstream mills purchased need-based volume, leading to tolerable inventory level.

Downstream mills reportedly reduced their offers in line with the sharp decline of raw material cost, while the downside range differed between the converters.
Demand for differentiated fiber remained subdued.

Offers for cotton-type staple fiber and medium-length staple were stable.

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

Asian acrylonitrile markers plunged US$50 and US$38 a ton CFR Far East Asia and Southeast Asia respectively in the last week of September.

In China, spots offers fell US$50 a ton.

Acrylonitrile prices in Asian markets tanked reflecting the plunge in feedstock propylene cost in the third week. Ample supply in China also pulled down prices amid weak demand.

Downstream, styrene monomer was assessed down over the same period while ABS prices are expected to soften in October due to weak demand and raw material prices.

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

Related Keywords: indulged in forward purchase, mills and exporters, official spot rate unchanged, Pakistan cotton market, prices higher, seed cotton prices, strong demand, uncertainty about size of cotton production

The uncertainty about the size of cotton production with strong demand with some needy mills and exporters indulged in forward purchase kept prices higher at Pakistan cotton market on Wednesday.

In the ready business, over 20,000 bales of cotton changed hands between Rs 4600 and Rs 5450, while in Sindh, seed cotton prices were higher by Rs 100 to Rs 2600 and Rs 2800 and in Punjab prices gained Rs 100-300 to Rs 2600 and Rs 3100, dealers said. But the official spot rate remained unchanged at Rs 5200.

Related Keywords: beddings, focus on e-commerce portal, home textile business includes terry and bath towels, India's largest home textiles manufacturer, innovative, patented products like Hy Grow cotton, set target to double its revenue, single largest player in American home textile space, Welspun Group

Welspun Group, India's largest home textiles manufacturer headquartered in Mumbai and also the single largest player in the $17 billion American home textiles space with a 5 percent market share, nets one-third or $ 1 billion of its group revenue of $ 3 billion from the textiles business now, has set target to double its revenue to $ 2.5 billion by 2020.

The company expects the higher growth will again be driven by the US market as it plans to increase its focus in the world's largest textiles market further. The US contributes around 65 percent of the total sales now.

Related Keywords: between Jica and TDAP, boost import of Pakistani textile products, develop joint website, Japan International Cooperation Agency, Japanese markets to Pakistani exporters, JICA, launch new programme, make credible information available

The Japan International Cooperation Agency (Jica) to launch a new programme to enhance imports of Pakistan’s textile products from February next year for which Jica and the Trade Development Authority of Pakistan (TDAP) would be developing a joint website that will make credible information about Japanese markets available to Pakistani exporters.

Related Keywords: categories on display include home textiles, distributors and major brands sourcing at fair, ehub, fashion shows, IHGF Delhi Fair Autumn, inaugurated of Minister of State for Textile, informative seminars, linens and made ups, one stop sourcing event, organized by EPCH, Santosh Gangwar, world largest fair of Indian handicrafts and gifts

The 40th edition of IHGF- Delhi Fair Autumn 2015 - the world's largest fair of Indian handicrafts and gifts organized by the Export Promotion Council for Handicrafts (EPCH) was inaugurated by Minister of State for Textiles (Independent Charge) Santosh Gangwar at India Expo Centre and Mart right here on Wednesday.

Indian Handicrafts & Gifts Fair (IHGF) has come to be recognised as a one stop sourcing event amongst overseas buyers and a very effective marketing medium amongst Indian exporters, according to its organisers Export Promotion Council for Handicrafts (EPCH).

Related Keywords: Black Day, cost of doing business in Pakistan, government policies in Pakistan, power tariff, spinning mills in Pakistan, spinning sector, Textile mills, Textile production, textile relied package, yarn manufacturers in Pakistan

In Pakistan, the textile spinning mills had shut down the production on Wednesday to protest against government anti-industry policies which increased the cost of doing business in Pakistan.

The recent hike in power tariff and gas infrastructure development cess (GIDC) add around Rs 170 billion to the cost of doing business every year, said Tariq Saud, chairman of All Pakistan Textile Mills Association (APTMA).

He said that this strike was successful which also included leading groups in spinning sector, right from Karachi to Khyber Pakhtunkhwa.

Related Keywords: Asia Textile Mills, cheap fabrics from China, dying due to excessive power cost, group of Ong and Lee, knitting business, Philippines textile mills, producing jeans made of abaca fiber, Production of abaca fiber increasing, remarkably stronger than polyester or cotton

Philippines is left with only five textile mills in the knitting business which also service finishing mills as more than 50 textile mills dead or dying due to excessive power costs and cheap fabrics from China. Out of the five textile mills, Asia Textile Mills owned by the group of Ong and Lee in Calamba, Laguna is enlivening with the help of Chuck Lazaro, who is now its industrial partner.

Related Keywords: import a large quantity of cotton, India great opportunity to provide raw material, VCCI, Vietnam India textile cooperation conference, Vietnam to meet rising demand, Vietnamese textile industry

The Vietnam - India textile cooperation conference was held on Monday in Ha Noi, on the occasion Doan Duy Khuong, vice chairman of the Viet Nam Chamber of Commerce and Industry (VCCI), said that India had great opportunities to provide raw materials for Vietnamese textile industry.

Vietnam needs more than 500,000 tonnes of cotton per year to meet rising demand. The domestic garment and textile sector had to import a large quantity of cotton as the country's cotton output met only 1 per cent of local producers' demand, said the chairman.