In an increasingly globalized world, foreign trade is an important contributor to economic growth. Unfortunately, India’s merchandise trade has clocked slightly negative growth between 2011- 12 and 2017-18.
Global garment companies are failing to meet living wage promises to workers, according to a study published by researchers at the University of Sheffield today (30 May 2019).
A great deal of attention has been paid to the issues surrounding the Trump administration’s move to impose up to an additional 25 percent higher tariff on certain goods entering the United States from China.
Gov. Asa Hutchinson today visited the Tian Yuan Garments factory at the Little Rock Port and said the company was increasing its original $20 million investment in equipment and buildings to $30 million.
To give a boost to the labour-intensive textile sector, a high-level expert panel constituted by the Commerce Ministry has recommended a review of free-trade pacts with countries such as Bangladesh that have zero-duty access to the Indian market, amendment of labour laws to allow flexibility in hiring and firing and fast-track disbursal of subsidies for technology upgradation.
TOKYO -- Bangladesh's economy is expanding beyond apparel production to sectors such as information technology as the country's rapid economic growth stimulates investment, Prime Minister Sheikh Hasina told Nikkei's Future of Asia conference in Tokyo on Thursday.