Express Of The Latest Developments In The International Textile Industry (6.1)

　 Korean textile enterprises Invest in setting up cotton yarn factory in Vietnam

the republic of korea spin KyungBang, an enterprise, recently invested 40 million US dollars to establish a cotton yarn factory in Pyeongyang Province, Vietnam.

The cotton yarn factory is located in the industrial zone of Bawubang, with a total investment of 140 million dollars. The establishment of the cotton yarn factory is a key project in the first phase of the industrial zone. According to Lee Kap Soo, chief executive officer of KyungBang Vietnam, the factory has 25920 spindles in total and is equipped with high-end spinning machines of Rieter and Cilaifu. The cotton mill is expected to produce 6600 tons of yarn every year, and it is planned to become the main yarn supplier of local textile and garment manufacturers.

　 Bangladesh's ready-made clothes are exported or threatened by Indonesia

People from Bangladesh Exporters Association and Bangladesh Garment Export Association recently said that since the building collapse accident occurred in the country, foreign purchasers are gradually transferring orders to Indonesia and other relatively stable countries due to political instability and frequent garment factory safety accidents. In recent years, Bangladesh has high added value clothing Exports are gradually increasing, and industry insiders are particularly worried about foreign buyers transferring these orders to countries outside Bangladesh.

Indonesia is Bangladesh Clothing export The main competitor of Bangladesh, Bangladesh garment export price advantage is obvious, but Indonesia's recent increase in exchanges with foreign businessmen has aroused great concern in Bangladesh garment industry. People in Bangladesh industry said that the impact of orders will be reflected in the export data from August to October this year. People in Bangladesh industry need to take active action to improve the international image of the country's clothing export industry.

　　 India is required to cancel textile export subsidies

Recently, some WTO members continued to heat up accusations against India's textile export subsidies. The European Union and Japan joined the United States and Turkey and jointly asked India to stop providing new subsidies to its textile industry and gradually eliminate existing export subsidies. However, India insists that many of the so-called "subsidies" mentioned by the United States and other members are actually not subsidies, but refunds of input taxes. India noted that the nature of such measures must be defined before they can be phased out.

At a recent meeting of the WTO Committee on Subsidies and Countervailing Measures, the United States expressed concern about Indian media reports on new subsidies for the textile industry. Turkey believed that India's export subsidies had caused unfair competition in Turkey's textile industry. Japan and the European Union also expressed concern about this.

The textile industry is the industry that provides the most employment opportunities in India, which is very important for India's economic growth. In the context of the current global economic downturn and declining demand, the Indian government has given some incentives to its textile exporters. The WTO allows members with an annual per capita income of less than US $1000 to provide export subsidies when the proportion of exports of this product in global trade is less than 3.25%, while India Textile export Share in global textile trade.