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Bangladesh remains top cotton importer in 2015-16

admin September 17, 2017 0

In the year 2015-2016, Bangladesh imported 6.2 Mn cotton bales and reinforced its position as the world’s largest importer. As forecasted by The US department of agriculture (USDA), Bangladesh’s imports may increase to 6.3 Mn bales in 2016-17. This increases

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Indian Government approves 100% FDI under automatic route in marketplace model of e-commerce

admin July 23, 2017 0

Marketplace e-commerce is the place where company only provides platform for buyer and seller to connect. The decision will help domestic players in attracting more FDI, while also opening doors for foreign e-tailers to easily set shop in India. However, FDI is not permitted in inventory based model of e-commerce. Marketplace may provide support services […]

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Honduras plans to becomes a hub for sustainable textiles in the Western Hemisphere

admin July 23, 2017 0

Honduras a small Central American country is taking significant steps towards textile: Contributes 0.8% of global textile exports Number two textile exporter in the region by value just behind Mexico, and Number one exporter of t-shirts to the US market. It has newly launched ‘Honduras 2020’ with an US$3.4 billion project for the textile industry. […]

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Impact from G20 Summit on PTA plant operation

admin July 23, 2017 0

On May 11th, 2016, the Housing and Urban-Rural Development Hall of Zhejiang Province issued documents regarding shutdown of manufacturers in and nearby Hangzhou where the G20 Summit will be held during Sep 4-5. According to the documents, Zhejiang Province is divided into three areas: core area, strict-control area and control area. Manufacturers are required to […]

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India recommends anti-dumping duty on Bangladesh jute products

admin July 23, 2017 0

The India’s Directorate General of Anti-Dumping and Allied Duties (DGAD) that works under the Indian federal commerce ministry has recommended anti-dumping duty on certain jute products from Bangladesh and Nepal. Currently, under the South Asian Free Trade Area (SAFTA) agreement, Bangladesh jute and jute goods have zero-duty benefit on export to the Indian market.