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Interpretation of the Announcement on the Abolition of Unit Consumption Standards for Yarn Processing Trade
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Interpretation of tariff adjustment plan
With the approval of the State Council, the “2021 Tariff Adjustment Plan” (hereinafter referred to as the “Plan”) will be implemented from January 1, 2021. …

Uruguay’s wool exports hit hard due to coronavirus
According to Uruguay’s “El Pais” report on December 31, due to factors such as unsalable clothing and reduced mutton consumption due to the impact of the new crow…

Vietnam’s exports of textiles, clothing, leather and footwear decrease sharply
Vietnam’s “Vietnam Economic Times” reported on January 8: Vietnam’s Ministry of Industry and Trade reported that due to the impact of the new crown epidemic…

Belda Llorens partners with The Movement to ensure % traceable recycled cotton yarn supply
Spanish sustainable spinning mill Beldas Llorens has partnered with Dutch fiber solutions company The Movement to verify the authenticity of its Ecolife regenerated cotton yarn. Be…

VanDeWiele acquires Savio Group
VasdfssdfsnDeWiele, a supplier of carpets, velvet looms and textile accessories, announced the acquisition of 100% of the shares of Sasdfssdfsvio Group. Sasdfssdfsvio Group is a gl…

Türkiye makes its first affirmative final ruling on anti-dumping review of Chinese polyester synthetic filament yarn
On January 9, 2021, the Turkish Ministry of Trade issued Announcement No. 2021/1, making the first ban on polyester synthetic filament yarn originating in China, India, and Malaysi…

Transactions of foreign cotton at one price dominate the market, while transactions of Indian cotton quoted in RMB are active.
According to feedback from cotton trading companies in Qingdao, Zhangjiagang and other places, since early January, the main ICE cotton futures contract has exceeded 80 cents/pound…

Korean apparel market continues to experience negative growth
Yonhap News Agency reported on January 22 that the Korea Fiber Industry Federation (hereinafter referred to as the Fiber Industry Federation) released the “Korea Clothing Mar…

Vietnam has exported 100 million medical masks in total
Vietnam’s “Investment Online” reported on January 12 that preliminary statistics from the General Administration of Vietnam Customs showed that in December 2020, …