Textile products from Uzbekistan are almost set to receive customs privileges in EU countries, as the Oliy Majlis, the upper house of the Uzbek parliament, has ratified the ‘textiles protocol’ to the partnership and cooperation agreement (PCA) between the EU and Uzbekistan. The European Parliament had ratified the protocol in December 2016.

          The East African Community (EAC) comprising Burundi, Kenya, Rwanda, South Sudan, Tanzania and Uganda, is contemplating increasing tax on clothing and footwear imports.

          Representatives of Pakistan's textile industry and the Pakistan Yarn Merchants Association (PYMA) has appealed to Prime Minister Nawaz Sharif, Finance Minister Ishaq Dar, Commerce Minister Khurram Dastgir Khan to help save the polyester filament fabric industry from further disaster.

          Following a few weeks of uncertainty and mixed sentiment, the Australian wool auction market this week finally relented to a weakening price versus demand scenario. Prices for all types and descriptions across the Merino offering faltered somewhat and falls of varying degrees occurred, the Australian Wool Innovation said in its Wool Market weekly report. however, the crossbred and carding sectors bucked the trend and stayed relatively firm around the established basis, said the report for the week ending May 26.

          A two-day module on financial literacy was organised for Philippines’ weaving community, who significantly contributes to the country’s economy. The module offered lessons and workshops in product costing, money management, standardisation, scheduling, inventory management and accounting. Handloom woven products have an important place in country’s exports. 

          Major Chinese wool buyers will attend for the first time in Australia at the Ballarat district property of leading Chinese importer and processor Tianuy wool. The conference’s theme is ‘From Farm to Fashion’ and it is a major step in building a wool bridge between Australia and China.