Today’s announcement by Commerce Minister, Lianne Dalziel, of a freeze on general tariff reductions for two years from July 2009 has been welcomed by the National Distribution Union. The NDU represents workers in the textile, clothing and footwear industries.
Just two years after launching an ambitious plan to become a major player in the North American hosiery business, Gildan Activewear Inc. finds itself caught up in an international trade dispute over the flood of socks into the U.S. from Honduras.
India will provide duty reduction to the Agreement on South Asian Free Trade Area (SAFTA) member countries ranging from zero to five percent within ten years, said Minister of State for Textiles, E V K S Elangovan today.
Canadian sock manufacturing giant Gildan Activewear Inc. (TSX:GIL) could get caught in the middle of U.S. election-year politics as the Bush administration decides whether to end the company’s duty-free shipments of socks from Honduras.
The deal allows Egyptians to export to the US tariff-free as long as they use a certain percentage of Israeli goods. The US initiative is intended to foster peace through trade. Qiz’s impact on thawing the political relations is questionable. But, for Egyptian garment producers, it has meant a chance to stand up to the competition posed by Asian producers.
Bangladesh signed a deal with India to export 8 million pieces of readymade garments to the neighboring country with zero tariffs under the South Asia Free Trade Agreement.
Pakistan wants the United States to pass legislation on "reconstruction opportunity zones" that would allow it and Afghanistan to export textiles, clothing and other goods without paying US duties.
Pakistani entrepreneurs should take advantage of Morocco’s Free Trade Agreement (FTA) with USA and European Union, particularly in the textile and readymade garments, Morocco Ambassador Mohammed Rida El Fassi said.
Garment and textile manufacturers in Vietnam have shown their disapproval of Japan’s desire to impose origin regulations under the Economic Partnership Agreement negotiations which began in January this year.
Malaysia will allow import of Pakistan’s textile products free of duty under a new free trade agreement.
Trade experts say countries in the South Asian region can form a major textile and apparel hub - provided they can work together. Right now, mutual mistrust and trade barriers against each other, are stopping SAARC countries from cashing in on a waiting opportunity.
Trouble. Government has failed to seal a textile tax-free export extension deal with the Southern African Customs Union (Sacu) which now means over 6,000 jobs in the textile industry in the country face uncertain future, Economic Report can reveal.
The South Korean government pledged to ease quarantine rules on products containing genetically modified organisms (GMOs) under a free trade agreement with the United States struck on April 2. But while negotiations were underway on the deal, the government denied it was discussing the topic.
This year’s Apparel Sourcing Show in Guatemala City offers delegates the chance to take stock of the first full year of the US-Central America and Dominican Republic Free Trade Agreement (CAFTA-DR).
A study has been commissioned by the government to rationalise various provisions in Rules of Origins (RoO) contained in many agreements
Day and night, workers at the port of Quetzal on Guatemala’s Pacific coast load fruit from surrounding plantations and clothing stitched in local factories onto freighters bound for Long Beach, Calif., a flow of goods that has swelled since a Central American trade agreement with the United States took force last year.
How time flies! It seems like yesterday when Malawi was celebrating the extension of its free market access to the Southern African Customs Union (Sacu) for textiles but now the country only has 25 days before the deal expires.
A free trade agreement with the US will not guarantee a competitive advantage for Sri Lankan garments in the US, says a US trade law specialist.
Foreign direct investments are shifting back to Malaysia from China, at least in the textile industry, with some multinationals planning to relocate their operations ahead of the signing of the Malaysia-US Free Trade Agreement (FTA).
The recent approval of a five-year extension of permission to use foreign fabrics in Africa’s duty-free clothing exports to the US is seen by trade experts in Washington as helping to stabilise East Africa’s textile industries. But the action last week by the US Congress is unlikely to reverse the downward trend in Kenya and Uganda’s apparel sales to the American market.