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Related Keywords: APTMA, Bangladesh and Turkey, fine counts of cotton yarn from India, imposition of RD not helped in dampening cheap imports, increase regulatroy duty to twenty percent, National Tariff Commission, Pakistan is the fourth largest importer of Indian yarn after China, save export oriented textile industry of Pakistan, strongly demanded, total closure

The All Pakistan Textile Mills Association (APTMA) in order to save the export oriented textile industry of Pakistan from total closure, has strongly demanded the government to increase the regulatory duty on fine counts of cotton yarn especially from India to 20 percent as the imposition of regulatory duty has not helped in dampening the cheap imports of Indian yarns.

Related Keywords: bringing in higher added value, deputy minister of Industry and Trade, domestic businesses, enjoy tax preferential, garment and textile sector, improve profit and enjoy preferential of TTP deal, in middle and long term, lose strengths, restructure production, take advantage of international integration, Tran Tuan Anh, Vietnamese products

The Vietnamese products would lose their strengths in the middle- and long-term if domestic businesses do not restructure production, thus bringing in higher added value, Tran Tuan Anh, deputy minister of Industry and Trade said.

Anh said that Vietnamese exporters should restructure their production to improve profit and enjoy preferential of the Trans-Pacific Partnership Agreement (TPP),

This was the reason that Vietnam has issued the export strategy by 2020 with a vision to 2025 to take advantage of international integration.

In India, polyester yarn 30 knitting yarns prices gained INR2 a kg (up US cents 3) in Ludhiana market while they fell INR2 a kg in Indore market (down US cents 3).

In Qianqing, offers for 32s polyester yarn prices were notionally at US$1.53-1.57 a kg, and 45s at US$1.71 a kg in Shengze.

As polyester staple fibre prices moderated, margins of spun polyester producers improved in January and early February in China, India and Pakistan.

Gross margins of yarn makers improved, however sharply increasing in India by 14, and very slightly improving in China.

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

In US, January PTA price was set down from December and little change is expected in February pricing. January PTA price was down US cents 1.72 a ton from December.

In Europe, PTA contract prices were to be lower on the month and dipped Euro 3 a ton.

Asian PTA markers are notionally set at a roll over in the second week of February at US$560-562 a ton CFR China and US$577-579 a ton CFR Southeast.

In China, before the holidays selling ideas for nearby-month goods were at US$550-555 a ton, and counter offers at US$535 a ton or slightly lower.

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

Related Keywords: Ambassador of Cuba to Pakistan, Cuba, exchange trade delegations, expanding bilateral trade, fabrics, first interaction with business community, Gabriel Teil Capote, good potential, Islamabad Chamber of Commerce, keen to enhance trade relation, Pakistan, Pakistan could export textiles, participate in fair, promote mutual cooperation

Ambassador of Cuba to Pakistan Gabriel Tiel Capote during his first interaction with business community at the Islamabad Chamber of Commerce and Industry on Wednesday said that the two country Pakistan and Cuba have good potential to promote mutual cooperation in many areas and that his country was keen to enhance trade relations with Pakistan.

The envoy said Pakistan could export textiles, fabrics, rice, surgical instruments, leather and sports goods to Cuba while Cuba could export its biotechnological and pharmaceutical products to Pakistan.

Related Keywords: buys newly constructed warehouse, Chinese textile company, in Carlstadt industrial sector, use as its first US distribution center, warehouse built by Sitex Group

A Chinese textile company buys a newly constructed 53,000 square foot warehouse at 1 Palmer Terrace in Carlstadt’s industrial section in January for use as its first U.S. distribution center.

According to CoStar, a commercial real estate research company, the company paid $12.49 million, in a deal that reflects the strong demand for industrial space in the meadowlands.

Related Keywords: available to other textile products, Coimbatore textile industry, conclude FTA, cotton policy announced by China, cotton yarn, fall in cotton yarn exports, Indian Texpreneurs Federation, introduce special debt restructuring scheme, SIMA, sought duty rationalization for manmade fibre, sought three percent export incentive, tap new markets

Coimbatore textile industry has sought three percent export incentive, which is now available to other textile products, for cotton yarn too. If three percent export incentive is available for cotton yarn, textile mills will be able to tap new markets.

Related Keywords: buyers remained eager for quality lots, capitalize maximum returns on their proceeds, Cotton growers, influx of better grade, KCA, Lint market, made deals for all grades, Mills in Sindh and Punjab stations, Pakistan cotton market, physical price firm, spot rate, trading session

During the trading session, buyers remained eager for quality lots keeping physical price firm in lint market, while prices remained attracted for buyers with less liquidity, traders at the Karachi Cotton Association (KCA) said on Wednesday.

Mills in Sindh and Punjab stations made deals for all grades on cautious note as grade issue was continued. Traders offered all grades of lint on bargaining rates at around Rs 4,975 per maund to Rs 5,450 per maund in order to capitalize maximum returns on their proceeds.

Related Keywords: API, during the slowdown of global eonomy, falling to compete with Vietnam, FTA, hit a low, hope for better future, IMF, Indonesian textile industry, many textile firms bankrupt, production costs spiral, sales dwindle, TPP

Indonesian textile industry is one of the many sectors that have hit a low during the slowdown of the global economy. As Indonesia is failing to compete with Vietnam, many textile firms in Indonesia are becoming bankrupt as production costs spiral and sales dwindle. But the industry still has hope for a better future.

Vietnam outshines Indonesia in this sector as they has already joined the Trans-Pacific Partnership (TPP) and completed negotiations for a free trade agreement (FTA) with the European Union. Indonesia, meanwhile, will not be joining the TTP for another two years.

Related Keywords: better market access to major markets, budget for next financial year, change in labour laws, CITI, Indian textile industry, lowering excise duty on MMF and filament, pitches for incentives, realize untapped potential, reduce the tax burden on MMF, second largest employer, via trade pacts

The textile industry, which is the country's second largest employer after agriculture, contributes nearly 14 per cent to industrial production and 4 per cent to the GDP has pitched for incentives such as lowering excise duty on man-made fibre and filament by half and changes in labour laws in the budget for next financial year.

The textiles industry has demanded better market access to major markets like the US and EU via trade pacts to help realize its untapped potential.