International Archives - Page 19 of 21 - Pakistan Textile Portal

Spain’s growth projected to moderate from 5.2% in 2022 to 1.1% in 2023

Leave a Comment / International / By Nayab Islam

After recently concluding the Article IV consultation with Spain for 2022, the executive board of the International Monetary Fund (IMF) announced that economic growth in Spain is expected to moderate from 5.2% last year to 1.1% this year, reflecting the effects of high energy and food prices, tighter financial conditions, and weaker external demand. By …

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The Global Recycled Standard (GRS)-certified Infinity series of eco-friendly worsted yarns are being introduced by the textile company Rifil Group, located in Romania, and is created using Regel, a recycled acrylic fiber from Thai Acrylic Fiber (TAF). In January of this year, the new high-performance yarn will be introduced during the Pitti Filati trade expo in Florence, Italy.

Romania’s Rifil launches Infinity Yarns with TAF’s Regel

Leave a Comment / International / By Nayab Islam

The Global Recycled Standard (GRS)-certified Infinity series of eco-friendly worsted yarns are being introduced by the textile company Rifil Group, located in Romania, and is created using Regel, a recycled acrylic fiber from Thai Acrylic Fiber (TAF). In January of this year, the new high-performance yarn will be introduced during the Pitti Filati trade expo …

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Bangladesh & UK deepen trade ties for mutual growth & prosperity

Leave a Comment / International / By Nayab Islam

To boost prosperity for both parties before and beyond Bangladesh’s graduation from the Least Developed Country (LDC) classification, Bangladesh and the United Kingdom (UK) have decided to strengthen their bilateral commercial cooperation. The two nations agreed at the second Bangladesh-UK trade and investment discussion in Dhaka on February 19, 2023. The two nations decided to …

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Sri Lanka’s fabric imports from India jump 50%; Chinese supply stable

Leave a Comment / International, Textile / By Nayab Islam

As imports from India rise in the island nation relative to Chinese supplies, Indian fabric is gaining momentum in the Sri Lankan textile market. Sri Lanka has seen an increase in its imports of fabric from India, which have increased by more than 50% in the past four years, but its imports from China have …

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The President of Egypt is considering proposals to modernize the textile sector

Leave a Comment / International, Textile / By Nayab Islam

Abdel Fattah El-Sisi, the president of Egypt, recently met with Moustafa Madbouly, the prime minister, and other ministers to discuss plans for modernizing the textile industry, including those about various stages of production, cotton cultivation, trade, and the development of processors and textile plants. He emphasized the necessity for the best possible use of state-owned …

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China’s machinery industry to grow 5% YoY in 2023: CMIF

Leave a Comment / International, Manufacturing Industry / By Nayab Islam

According to the Chinese Machinery Industry Association, the country’s machinery sector will grow in 2023. (CMIF). Operating sales for the sector totaled 28.9 trillion yuan in 2022, rising 9.6% annually from the previous year (YoY). Sales income and earnings for the industry are anticipated to increase by 5% YoY in 2023, while export growth will …

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Shoes Dusseldorf successfully promotes 590 manufacturers in Germany

Leave a Comment / International, Manufacturing Industry / By Nayab Islam

From March 5 to 7, 2023, the Shoes Düsseldorf trade exhibition, held at Areal Bohler in Germany, was distinguished by its receptivity to emerging trends. Comparing the event to last year’s version, more foreign visitors were seen. Both exhibitors and visitors loved the trendy, open-plan setting of Areal Bohler and the well-picked ranges of 590 …

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Shanghai’s Yarn Expo Spring 2023 will draw international business leaders.

Leave a Comment / International / By Nayab Islam

Messe Frankfurt anticipates a more significant number of international attendees at the National Exhibition and Convention Center in Shanghai from March 28–30, 2023, as its spring textile exhibits approach. The last Yarn Expo Spring, held with four other textile trade shows, attracted 21,204 people and 387 exhibitors from six nations and regions. “The yarn and …

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US imports of textiles and clothing fell by 5.7% in January 2023 to $9.6 billion

Leave a Comment / International, Manufacturing Industry, Textile / By Nayab Islam

The US imported $9.599 billion of textiles and clothing in January 2023, down 5.7% from the $10.179 billion in January 2022. China continued to be the top supplier to the US, with a share of 27.83%, followed by Vietnam with 14.45%. Yet, during the same period, there was a significant drop in imports from China …

US imports of textiles and clothing fell by 5.7% in January 2023 to $9.6 billion Read More »

Maintaining export competitiveness and drawing FDI to Vietnam: Citi

Leave a Comment / International / By Nayab Islam

As economic pressure has decreased compared to earlier expectations, the Vietnamese economy maintains its export competitiveness. It remains appealing as a destination for foreign direct investment (FDI), according to Citigroup Inc., a financial services company with its headquarters in New York City. According to Citi Research, Vietnam’s market share in international commerce is anticipated to …

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