Egyptian MP Enas Abdel Halim confirmed that 30 percent of the country’s textiles factories have closed as a result of the recession and deteriorating economic conditions in the country.
Abdel Halim said the remaining factories had reduced production by 50 to 70 percent.
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Former chairman and spokesman of Federal B Area Association of Trade and Industry (FBAATI) Idrees Gigi said textile exporters were not able to work at their full potential due to shortage of cotton yarn. Cotton production remained less than 15 million bales.
Limited to 5.5
In 2020, the COVID-19 had a profound impact on the textile and apparel industry. China’s textile and apparel specialized market has overcome difficulties and achieved growth. In the first half of the year, affected by the pandemic, market turnover dropped significantly year-on-year. With t
Total cotton imports by China increased by 16.8 percent year-on-year to 2.16 million tonnes in 2020, according to the country’s General Administration of Customs. Cotton imports declined during the first half of the year due to the impact of COVID-19 pandemic, but imports soared in the sec
In January 2021, the textile production index and the apparel production index increased by 16.6 percent and 9.9 percent compared to the same period in 2020, respectively, according to the Ministry of Industry and Trade.
The production of textiles from synthetic fibers
Bangladesh would continue to enjoy the generalised system of preferences (GSP) on trade until 2027, according to British high commissioner in Dhaka Robert Chatterton Dickso, who recently said the two countries will find out a mechanism to maintain a trade regime beneficial for both after 2