- India’s exports may decline in 2020-21 to USD 290 billion
- India’s exports in 2020-21 may decline around 7.3% to USD 290 billion compared to USD 313.36 billion in the previous fiscal due to a sharp fall in the first and second quarters induced by COVID-19 disruptions. But things may improve substantially next year, as per estimates made by the Fed
- Jan 11, 2021
- China Grand Awards for Industry honors textile companies
- The Sixth China Grand Awards for Industry ceremony was held in Beijing on Dec 27, 2020. A total of 16 companies and 14 projects won China Grand Awards, 12 companies and 21 projects won China Grand Awards of Recognition, and 14 companies and 16 projects won China Grand Awards of Nomination.
- Jan 08, 2021
- China to reduce sliding tariffs on cotton cargoes
- Beginning next year, the Government of China will marginally reduce sliding tariffs on cotton cargoes imported under additional quotas, the finance ministry said. Further, the number of products that can be imported under temporary import tariffs, which are lower than the most-favoured natio
- Jan 08, 2021
- Trading to start under AfCFTA from January 1, 2021
- The trading phase under the African Continental Free Trade Area (AfCFTA), signed by 54 of the 55 countries in Africa, is set to begin from January 1, 2021. The deal unites an estimated USD 3 trillion market, and could help to realise more than USD 84 billion in untapped intra-African expor
- Jan 08, 2021
- UKFT signs £7.4 billion FTA with EU
- UKFT has signed a FTA with the EU, biggest market of the UK fashion and textiles industry. The FTA will enable UK to supply £7.4 billion worth of fashion and textiles to the EU every year besides helping it create thousands of jobs and hundreds of companies. UKFT has urged the UK gov
- Jan 08, 2021
- Cotton futures rise with Chinese purchases pacing U.S. exports
- Cotton futures climbed on signs of firm demand for supplies from the US, the world’s top exporter. In the week ended Dec. 17, U.S. export sales of upland cotton more than tripled from a year earlier, government data showed. China has boosted purchases to meet commitments un
- Jan 06, 2021
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