The following is a round-up of apparel and footwear news from the world’s local media.
- Japan and Vietnam have agreed to work together for the promotion of the latter country’s textile industry. The agreement is aimed at dealing with an expected increase in Vietnamese textile exports to the US once the Trans-Pacific Partnership (TPP) enters into force. Japan expressed Tokyo’s hope of expanding bilateral trade and promoting Japanese companies’ investment in Vietnam. THE JAPAN NEWS
- The Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) and China Chamber of Commerce for Import and Export of Textile and Apparel (CCCT) have agreed to promote and expand cooperation between the companies of the two countries as part of a memorandum of understanding (MoU). In the first phase, a CCCT delegation will visit Pakistan to attend the Texpo Fair from 7-10 April, while PRGMEA also intends to arrange a trade delegation to visit China by the end of the year. DAWN
- India’s ready-made garments exporters are hopeful of gaining a larger market share in the European Union over the next few years after the 28-member bloc decided to continue extending tariff preference to the sector for three years, while the same was withdrawn from China. THE HINDU
- Around 30% production capacity of Pakistan’s spinning mills are said to be impaired, which may be hurting the country’s exports, according to the Finance Ministry. It cited multiple local, provincial and federal taxes on the exporters, as well as surcharges and levies on energy. BUSINESS RECORDER
- India’s KPR Mill is to expand its garment capacity from 59m tons to 95m tons per annum, making it the country’s largest garment manufacturer. Investment will be funded through internal accruals and debt, with expansion expected to be completed in nine months. MONEY CONTROL
just-style has not checked these stories so cannot guarantee their accuracy.
