Tags

MUMBAI/NEW DELHI: China is exporting textiles to India through Bangladesh to get around a tax increase on imports, undermining New Delhi’s efforts to support local manufacturers, industry sources said. 

In April 2016, Aisha Abubakar, Minister of State for Industry, Trade and Investment, took a tour of few surviving textile mills in Lagos State. Abubakar visited Spintex Mills Nigeria Limited, Lucky Fibres Plc, and Nichemtex Plc, all in Ikorodu, Lagos State.

Cambodia stands to benefit from the ongoing trade spat between the United States and China, with exports of Cambodian travel goods particularly likely to increase as a result of the dispute, according to the Garment Manufacturers Association of Cambodia.

The textile, garments and other wearable industries predicted a combined export growth of 20 percent this year to $1.22 billion from $1.02 billion in 2017.

The country’s garment and textile export is expected to post between 10-20 percent increase this year as some orders are now being shifted from China to the Philippines to avoid the high tariffs imposed by the US on Chinese goods, including garments and textile.

THE APPAREL INDUSTRY is hoping boosting exports by 10-20% this year, by exploiting opportunities created by the escalating trade tensions between the United States and China.

Subcategories