The global garment and apparel industry is now focusing its energies on South Asia. As garment manufacturing shifts from China to South Asia, the potential for intra-regional trade is growing exponentially.
The Pakistan Commerce Minister Khurram Dastgir Khan on the back of worrisome performance of the export sector has formed a three-year plan called "Strategic Trade Policy Framework (STPF) - 2015-18 to make a big push in exports particularly to the booming regions like Middle East Africa, South East Asia and China which has been okayed by the Cabinet Committee on Production and Exports.
The Ghent Fair, a 70-year-old traditional and largest consumer Trade Fair opened at Ghent, Belgium, with Pakistan as the guest-of-honour country. The opening was attended by a large number of VIPs, including ministers, European Union government officials and ambassadors of different countries. Representative of the king of Belgium, president of the government of Flanders, governor and deputy mayor of Flanders were among the attendees.
Pakistan returns to the Flanders Trade Show with resounding success after a lapse of fifteen years.
Viscose spun yarn prices were range bound in the first week of September on sluggish sales on mute transactions. In China, viscose prices gradually picked up as discussions for siro-spun mostly up, with passable liquidity. VSF prices have continued rising, with benchmark 1.5D staple fibers up 5 per cent in the last four weeks and 11 per cent in three months on reduced production over the month. Rayon weaving yarn 30s price in Xiaoshan was up US cents 2 a kg.
In the first week of September, polyester-viscose prices in China have increased in line with a continued increase of viscose fiber prices. Any rise of fibre prices, spinners were feeling that demand was recovering as usual in this part of the year. Import yarn prices are down in Yuan terms and demand was therefore returning to normal on the lower end of the market. In Qianqing, PC (65/35) 32s yarn prices rolled over while 21s were up US cents 2 a kg on the week).
In addition to building the capacities of the Ghana Immigration Service and Custom Division of Ghana Revenue Authority to prevent any sub-standards goods entering into the country, the country’s borders need to be strengthened for which Lawrence Osei-Boateng, Senior Commercial Officer, Ministry of Trade and Industry has proposed a national taskforce on illicit trade on all products across the country to clamp down on counterfeit products.
During the one-day technical workshop on ‘Applications of Jute Geo textiles in Meghalaya’ held on September 11 at Hotel Polo Towers, Additional Chief Secretary, Y. Tsering said that Meghalaya has considered jute geotextile as a potential material and has already included it in the Schedule of Rates (SoR) as the State government was committed to promote jute geotextiles.
The Indonesian Minister of Industry Saleh Husin led delegation to Poland has shaped several agreements and concrete results. According to Saleh Husin, firstly Indonesian products have got entrance to Central Europe and other European region with Poland giving those opportunities to utilize their ports.
Saleh Husin, in Warsawa, Poland, after signing a Memorandum of Understanding (MoU) between Indonesia Ministry of Industry and Poland Ministry of Economy, on Thursday said that this is expected to boost Indonesian exports.
Techtextil India, India’s largest exhibition for technical textiles and nonwovens, will be underway next week, from 24 - 26 September 2015. It is confirmed that the exhibition will be inaugurated by Mrs. Kiran Soni Gupta, IAS-Textile Commissioner, Ministry of Textiles, Government of India. Guest of Honor Mr. Michael Siebert Consul General of the Federal Republic of Germany in Mumbai will also be present at the inauguration.
The Indian textile industry wants the government to create a conducive environment as they see a revival of demand in Europe and US markets by the end of this financial year for which the sector is not adequately prepared to grab the opportunity.
