- 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
- Textiles and apparel drove significant export growth in the first 10 months
- Recently, the General Department of the Ministry of Commerce and the Chinese Academy of International Trade and Economic Cooperation released a report on China’s foreign trade situation in the fall of 2020. Since 2020, in the face of the sudden pandemic and the complex and sever
- Jan 04, 2021
- Germany to offer tech help to Pakistan for textile sector
- Germany recently signed an agreement with Pakistan to offer technical assistance worth Rs 1.95 billion to promote resilience against impacts of natural disasters and improving labour, social and environmental standards in the textile industry. Economic affairs secretary Noor Ahmed and Germ
- Jan 04, 2021
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