Textile Briefs National
The government will soon unveil an ambitious Textile and Apparel Policy 2020-25 as consultation for finalizing the policy has almost been completed. The proposed policy is aimed at increasing the textile and clothing exports from $15.7 billion to $20.8 billion by the end of the year 2025.
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Pakistan and Uzbekistan have recently agreed to finalize the bilateral Preferential Trade Agreement (PTA) within three months to further boost bilateral trade volume. In this, both sides agreed to form joint working groups on textile, agriculture,
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information technology, edu-
year (11MFY21) compared to
cation, and mineral sectors to
the same period a year ago,
boost cooperation.
data released by the Pakistan
According to statistics
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shared by an industry official, Pakistan's tex-
tile and apparel sector holds a 60% share in total exports
Bureau of Statistics.
from Pakistan
year-on-year in dollar terms
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Cotton Productivity
Enhancement Program import more than 5,000
(GDP). The country’s textile
cotton accessions from the
industry makes up 46% of
United States for screening
the total manufacturing
against the cotton leaf curl
sector and employs 40% of
virus (CLCuV).
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and garment exports
increased by 22.94 per cent
gross domestic product
textile and clothing
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Imam has said the
(CPEP) helped Pakistan
Pakistan’s exports of
The value of textile
Minister Syed Fakhr
and contributes 8.5% to the
the total labour force.
previous fiscal year.
Pakistan’s cotton
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imports hit $2.3 billion, an increase of 44 per
in fiscal 2020-21 that ended on June 30. During the period, Pakistan earned $15.400 billion from textile and apparel exports, compared to exports of $12.526 billion last year. The advisor Razzak
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Dawood said that during July, Pakistan's
cent during July 2020-May
exports grew at 17.3% to
19 per cent growth in the 11
2021 (11MFY21) compared
$2.35 billion as compared to
months of the current fiscal
to the same period in the
$2 billion in July 2020.
The apparel exports of Sri Lanka were $5,210.23 million in 2019 with a monthly average of $434.19 million. They dropped by 24.32 per cent to $3,943.16 million in 2020 due to the pandemic. But the exports are expected to recover in 2021, growing by 28.95 per cent to cross the mark of $5,000 million.
reduce the cost of preparing online orders by 25 per cent.
sectors posted nearly
Textile Briefs International
Bangladesh's exports jumped 15% to $38.76 billion in the financial year ended June 2020, led by a rebound in demand for garments as Western economies recovered.
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The exports of garments, footwear and travel products and other finished textile goods from the Southeast Asian nation of Cambodia in the first half (H1) of 2021 increased by 0.9 per cent year-on-year accounting for 57 per cent of all goods exported by the nation.
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The US Senate recently passed legislation, the Uyghur Forced Labour Prevention Act, to ban the import of products from
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PAKISTAN TEXTILE JOURNAL - July 2021
China's Xinjiang region. Passed by unanimous consent, the bipartisan measure would shift the burden of proof to importers. Khyaati Leather Innovation Bd Limited, an India-Bangladesh joint venture (JV), will set up a garment accessories and bags manufacturing unit in Bangladesh at an investment of $2.95 million.
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Jordan’s garment industry did not witness the pandemic’s worst impact, proving to be ‘relatively’ resilient in its adaptability to new trends.The economic downturn in the country’s garment industry has only had a 15 per cent reduction in exports.
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Spanish apparel brand Mango has invested Euro 35 million to expand its logistics centre in Lliçà D’Amunt, Barcelona. The facilities will absorb the growth of the company’s ecommerce logistics, enlarge the dispatch area, and support Mango’s new business lines. The 90,000 square metres enlargement will
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Apparel exports from Turkey increased by 31.38 per cent yearon-year in the first four months of 2021. Turkey exported apparel worth $5.626 billion, compared to exports of $4.282 billion during the corresponding period of 2020.
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Vietnam is now the second largest apparel exporter according to the latest data released by the World Trade Organisation (WTO). Vietnam sold $29 billion worth of apparel merchandise to the world in 2020, while Bangladesh’s garment exports were valued at $28 billion.
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