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Market demand continues to increase, India and Pakistan cotton yarn prices continue to rise
In the past week, cotton prices in India have continued to rise, and heavy rainfall has caused damage to many new cotton crops in different parts of the country. That week, the spo…
Gap, unable to withstand the impact of the epidemic, will close stores and switch to online shopping
Gasdfssdfsp recently announced plans to reduce its store size by about 350 and shift its focus to e-commerce and stores outside shopping malls. Gasdfssdfsp owns Gasdfssdfsp, OldNas…
Vietnam’s textile and garment industry is unable to benefit from the Vietnam-EU Free Trade Agreement due to its reliance on imported fabrics.
Vietnam’s “Investment News” reported on October 23 that the latest report submitted by the Ministry of Industry and Trade of Vietnam to Congress showed that the a…
California bans fur products
On September 3, 2020, the governor of California, USA, signed the AB44 bill, which prohibits the sale and manufacture of fur products and will take effect on January 1, 2023. The c…
The EU continues to temporarily exempt imported medical equipment and personal protective equipment from customs duties and VAT
The European Union announced on October 28 that it will continue to temporarily exempt imported medical equipment and personal protective equipment from tariffs and value-added tax…
Strong downstream demand and strong cotton yarn prices in Pakistan
In the past week, the domestic and export prices of Pakistan’s cotton and yarn continued to rise. Cotton yarn prices remain very strong due to very strong demand from the tex…
Sri Lanka will build a textile industrial park
Sri Lanka’s “Daily Financial Times” reported on October 30 that the Sri Lankan Cabinet this week approved the Ministry of Industry’s proposal to build a 275…
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Peru launches safeguard measures investigation process against imported clothing
On December 1, 2020, the Committee on Dumping, Subsidies and Non-tariff Trade Barriers of the National Institute for Competition and Intellectual Property Protection of Peru publis…
Vietnam’s textile and apparel industry finds it difficult to achieve export targets
Vietnam’s “Industry and Trade Electronic News” reported on December 2 that Vietnam’s textile and apparel exports in the first 10 months are expected to be U…
Business hit hard by the epidemic, clothing manufacturer Rena goes bankrupt
Rena, a major Japanese clothing manufacturer, is still in trouble after becoming a subsidiary of China’s Shandong Ruyi Group. After filing for bankruptcy protection in May, i…