The Bangladesh government is giving the highest priority to free trade agreements (FTAs) for expanding trade and exports, according to commerce minister Tipu Munshi, who recently told a seminar FTAs are needed to meet future challenges in the competitive global trade environment after the formal enlistment in the list of developing nations in 2024.
The textiles recycling industry is facing several issues such as high supply, falling quality, payment concerns, and a need for better recycling solutions.
Chinese textile manufacturing giant Wuxi No. 1 Cotton Textile PLC recently opened its Ethiopian unit, with an aim to export most of its products to global markets, primarily mainly Europe, North America and Asia.
To go by the report on negative growth experienced by readymade garments (RMG) export to some major destinations in the first quarter of the current fiscal year, there is no reason to give a knee-jerk reaction to the development.
NDO – The Hanoi Textile & Garment Industry - Fabric & Garment Accessories Expo 2019 (HanoiTex2019) opened in Hanoi on October 23.
In the SRO, NBR said that apparel exporters would pay 0.25% tax at source until June 30, 2020