Banner1

The Asia-Pacific region has long been at the forefront of the global textile and apparel (T&A) market, playing a pivotal role in shaping trade dynamics worldwide. Following the abolishment of the Agreement on Textiles and Clothing (ATC) in 2005, the region experienced rapid expansion, surpassing global growth rates. However, recent challenges, including the COVID-19 pandemic and regional conflicts, have brought about significant disruptions, reshaping the competitive landscape and posing new challenges for key players in the industry.

Vietnam's fiscal landscape in the first quarter of this year has been marked by a mix of encouraging export growth and vigilance against illicit activities, as reported by the general department of Vietnam customs. Despite a slight dip in budget revenue from exports and imports compared to the same period last year, the country has witnessed a notable surge in exports, resulting in a trade surplus.

The garment industry in Bangladesh, a key pillar of the nation's economy, is undergoing a strategic transformation aimed at diversifying beyond traditional cotton fibers. This shift comes in response to a comprehensive study titled "Beyond Cotton," commissioned by the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), which underscores the need for embracing alternative fibers to remain competitive in the global market.

Indian exporters are raising concerns over the implications of Section 43B(h) of the Income Tax Act, which mandates timely payments to micro and small enterprises (MSMEs). They fear that without a level playing field, they may lose opportunities to global competitors, prompting export promotion councils to appeal for exemptions from this provision.

  1. Innovations Propel China's Textile Industry to Global Prominence
  2. Philippine Garment Exporters Advocate for Textile Mill Construction
  3. Indonesian Ministry of Trade Supports Domestic Textile Industry Through New Regulations
  4. Pakistan Faces Looming Crisis as 50% of Textile Firms May Shut Down