India needs to actively pursue free-trade agreements (FTAs) with major export destinations like the EU and the US to push apparel shipments amid increasing competition from Bangladesh and Cambodia.
Daily News Botswana
The revised African Growth and Opportunity Act (AGOA) National Response Strategy for Botswana remains one of the mechanisms towards economic diversification and SME sustainable development
Phnom Penh Post
Prime Minister Hun Sen on Monday said Russian Ambassador to Cambodia Dmitry Tsvetkov has pledged to support Cambodia as it moves towards a free trade agreement (FTA) with the federation.
Pakistan’s government targets raising the country’s textile and clothing exports from USD 13.5 billion in 2018 to USD 25 billion by 2025.
The Economic Times
Even though the government has decided to stay out of the world’s largest trade block RCEP, it offers a market potential of USD 125 billion if domestic firms improve competitiveness, as per a World Trade Centre study.
Phnom Penh Post
As participating countries are expected to sign the RCEP this year, China’s textile industry must accelerate the adjustment of products, capacity and trade structure to better integrate regional development in the next stage.
The Express Tribune
Enhanced access for products of Pakistan’s export interest, particularly textile and clothing, to the United States market has been a long-standing demand of both the government and private sector.
Times of India
Knitwear industrialists have urged the central government to enter into a free trade agreement with Russia, saying the former Soviet Union had given green signal to enter into such a treaty with Bangladesh.
Tirupur Exporters’ Association (TEA) today stressed the need to enter into Free Trade Agreements (FTA) with European Union, USA, the UK and Russia, to face the Chinese threat in export markets.
Indonesian exports of textile and textile products could soar threefold if the government of Indonesia finally manages to sign a free trade deal with the European Union (EU). Achmad Sigit Dwiwahjono, Director General for Chemicals, Textiles and Miscellaneous industry at the Industry Ministry, said a major obstacle for Indonesian textile exports at the moment is the weak competitiveness of Indonesian textile companies as compared to their Vietnamese counterparts.