Industry Newsletter: This Week'S Selection Of 10 Overseas Textile Information Is Useful For You.

1. Bangladesh's exports of garments to Asian countries are on the rise.

According to "Daily Star" reported on June 24th, according to Bangladesh Export Promotion Bureau (EPB) released data show that Bangladesh clothing production and price advantage, Asian countries' economic growth, China's rising production costs and other factors, the first 11 months of this fiscal year (July 2017 to May 2018) Bangladesh to India, China, Japan and other major Asian countries. Ready-made clothes The export volume reached US $1 billion 390 million, an increase of 17.79% over the same period last year, of which 787 million US dollars were exported to Japan, up 13.04% from the same period last year. The export to India was US $253 million, an increase of more than 1 times over the same period last year, and the export volume of Chinese garments was 347 million US dollars, down by 2.82% over the same period last year. At present, Japan is the largest garment export destination for Bangladesh in Asia, and China has increasingly become the main export of Bangladesh garments. market Part one (source: Commerce Department)

2. Vietnam's EU tax exemption agreement comes into effect, textile and clothing exports soars

In 2018, the duty-free agreement between Vietnam and the EU came into effect. Vietnam's clothing exports to the EU increased significantly, and exports to the United States slowed down significantly. In the first quarter, Vietnam's exports of textiles and clothing to China increased by 41% to $269 million, and exports to the United States increased by 11.6%, accounting for 47.3% of Vietnam's total exports; exports to Japan and South Korea also increased by two figures; exports to Germany soared 15% and exports to France increased by 28%, indicating that Vietnam has gradually become a major supplier of European textile and clothing (source: China cotton net).

Since 3.7, China has adjusted tariffs on textiles imported from 5 countries, including India.

The Customs Tariff Commission of the State Council informed in June 26th that it has decided to apply the agreement rate of the second amendment to the Asia Pacific trade agreement from July 1, 2018 onwards for imported goods originating in Bangladesh, India, Laos, Korea and Sri Lanka. The list includes chemicals, agricultural products, medical supplies, textiles, clothing, steel and aluminum products. These products were subject to varying degrees of tariff rate reduction. Among them, the tariff rate of textile raw materials has been reduced, for example, other cashmere yarns for retail use have decreased from 6% to 4.2%, and the lighter weight cotton plain cloth has dropped from 10% to 6.5% yuan (source: China textile daily).

4. Iran has totally banned the import of 10 categories and 1339 kinds of textiles and garments.

Iran's announcement of the most powerful sanctions in history is that 1339 categories of commodities have been listed in the list of prohibited imports: clothing, textiles, kitchenware, labour goods, real estate supplies, cars, shoes, bags and leather products, cosmetics, some of the production machinery, dairy products, food, medicine, furniture and wooden furniture; and the purpose of supporting the Iran local products and managing currency outflow, all prohibited commodities have been replaced by local products. The government of Iran said, "we have enough money to control, but we are not allowed to spend money on products that have been substitutes in China. I hope you will support domestic products and become independent."

From 5.7 to 1, the implementation of the fourth round of tax reduction in the Asia Pacific Trade Agreement

Starting from July 1st, China will reduce taxes on the original goods imported from 2323 tax items imported from India, South Korea, Sri Lanka, Bangladesh and Laos, including fish, vegetables, tea, chemical products, textile and clothing, footwear, steel products, motor vehicle parts, machinery, electronics and instrumentation. Since the implementation of the Asia Pacific Trade Agreement, a total of US $106 billion has been imported into China for preferential tariff treatment. The value of the first 5 categories of imports includes plastic and rubber products, chemical products, mineral products, textile raw materials and products, and electromechanical products.

6. China's levy on US cotton tariffs, Bangladesh's cotton imports benefit

According to foreign reports, China's cotton imports to Bangladesh will be greatly benefited by China's levy of 25% tariff on imports of US cotton. Bangladesh Cotton Association believes that because of China's reduction in imports of US cotton, ICE cotton may fall to 70-75 cents, which will increase the number of cotton resources on the market. If the Sino US trade war really goes on and on for some time, it will help Bangladesh to buy cotton more conveniently. The Association believes that the weather in the United States, India, Africa and Central Asia is basically normal this year. The output of new cotton will still be very high, and the international cotton price will not rise. Bangladesh textile mills believe that it is difficult to judge the actual impact of Sino US trade war on Bangladesh's cotton imports. However, China's tariffs on cotton and cotton will undoubtedly bring downward pressure on cotton prices.

7. the decision of the South Korean government to postpone joining the CPTPP is final.

It has been pointed out that the Korean government has no intention to join the CPTPP, and is under pressure from the United States at the beginning of this year. It threatened to abandon the Korean American FTA and respond to the need to reduce the possible economic risks of the United States, and decentralization of the market and the widely increased trade counterparts. Then the Korean Ministry of planning and finance is tentatively scheduled to issue the final decision on whether to join the CPTPP in the first half of March this year. South Korea and the United States quickly completed the consultations on the Korea us FTA amendment; and the president of the United States, trump, met with Japanese Prime Minister Abe Shinzo in April this year, reiterated that the United States had no intention of joining the CPTPP and other factors. Korea postponed the impetus to join the CPTPP (source: the Asian Textile Alliance).

In the past 8.2017 years, the volume of global maritime trade reached 1.13 billion tons.

Although the scale of maritime trade that may be affected by tariff policy is not small at present, it is still relatively limited globally. The actual volume of maritime trade may only be part of the total theoretical impact. Tariff policy will cause price fluctuations of related commodities, but the sensitivity of demand side is still uncertain. At the same time, it is also possible for the two countries to seek alternatives to other regions or countries. market This will change the trade structure more than just the total volume of trade. Of course, there is no doubt that although there are many positive driving factors to promote the expansion of global maritime trade, the risk of further escalation of trade disputes still needs to be closely watched.

9. Tianhong textile intends to buy North American textile business.

The purpose of the new holding company is to hold the rights and interests of the target group. It has no business other than holding a target group. Target Corp is mainly engaged in Fabric In December 31, 2017, the unregistered net assets of the target group were $8 million 314 thousand. The company said that although the Group acquired most of its equity, the target group would continue its normal operation. The Board believes that the target group can also drive the business growth of the company's production base in Central America and Vietnam in the Americas.

10. Egypt's clothing exports amounted to US $645 million in the first 5 months of this year.

According to the Egyptian Gazette, June 28th, Egypt's clothing Export Association (RMGEC) said that Egypt's clothing exports amounted to US $645 million in the first 5 months of 2018, an increase of 12% over the same period in 2017 ($575 million). Exports to the United States amounted to US $310 million, an increase of 12% over the same period last year, and exports to Europe amounted to US $219 million, an increase of 16% over the same period last year. Exports to Africa amounted to US $1 million 253 thousand, and exports to Arabia countries were us $30 million, representing a decrease of 16% per cent over the same period of 2017 ($35 million).