When it comes to trade, the products matter as much as the agreements that govern them. Free trade agreements signed by Pakistan have not been the best for the local industry.
Last week’s Aircraft Interiors Expo in Hamburg saw major announcements from airframers, seating manufacturers and in-flight entertainment and connectivity vendors. But amid all the bustle, cabin textile suppliers claimed a few wins of their own.
Bangladesh textile manufacturers are losing business worth more than $6 billion annually in the domestic market due to smuggling of yarn and fabrics into the country and misuse of bonded warehouse facility, industry people said.
In line with market expectations, the monetary policy committee (MPC) decided to reduce the benchmark repo rate by 25 basis points last week, to 6 per cent (Chart 1).
KOLKATA: Despite the recent sluggishness in demand, India remains an attractive consumption-oriented market with the growth of the middle class and rising disposable income.
The ₹46,000-cr. hub faces testing times with thinning margins, declining overseas demand and relatively high labour costs.