10 Selected Global Textile Headlines A Week

　 From 1.2018 to 1, Russia's foreign trade volume reached 273 billion US dollars, an increase of 23.3% over the same period of May.

From 1 to May 2018, Russia's foreign trade volume reached US $273 billion, an increase of 23.3% over the same period last year, and a trade surplus of US $81 billion 400 million, an increase of US $24 billion 300 million over the same period last year. Among them, exports amounted to 177 billion 200 million US dollars, an increase of 27.3% over the same period last year, and the export volume of non independent Commonwealth countries and CIS countries accounted for 87.8% and 12.2% of total exports respectively; imports of US $95 billion 800 million, an increase of 16.6% over the previous year, and the import volume of trade with non CIS countries and CIS countries accounted for 88.7% and 11.3% of imports respectively (source: Ministry of Commerce)

2. Pakistan imports 2% tariffs on imported cotton and yarn.

The Pakistan federal income Commission (FBR) announced 2% tariffs on imported cotton and yarn to encourage the use of domestic cotton and save foreign exchange reserves. This measure will take effect from July 15th. At the same time, the Commission also cancelled the additional tariff imposed on imports of basic raw materials in textile industry (source: China cotton net).

3. India's anti-dumping investigation on my fabric is final without any measures.

India's Ministry of Commerce and Industry issued a notice that it formally ruled that China's export belt to India did not cause damage to India's domestic industry, so there was no way to close the case. China's response has been successful. India will not impose anti-dumping duties on China's products. According to statistics of the China Textile Import and Export Chamber of Commerce, since 2017, 9 new cases have been set up in China's textile and clothing industry since 2017. Among them, 5 cases were originally tried, and the number of anti-dumping investigations initiated by China's textile industry was the largest. Up to now, in addition to the high strength yarn case final levy need to levy taxes, linen yarn case is still in trial, the other 3 original cases have won a major victory without tax. 2 of the 4 retrial cases also ruled that taxes should not be continued (source: China textile daily).

4. the bad consequences of the environmental storm continue to ferment! All 17.6 factories are shut down!

Since last year, the temperature of environmental protection supervision has been decreasing. All enterprises are facing the environmental supervision of the central environmental protection inspection team, which means that most SMEs will soon be faced with the risk of being restricted, shut down and shut down (source: chemical 707).

5. India cuts tariffs on imports of goods from China and other five Asian countries.

The Ministry of Commerce and industry of India announced that the country lowered tariffs on imports of goods from 5 Asian countries such as China. The tax reduction policy has been implemented in the framework of the Asia Pacific trade agreement in India since July 1st, involving 3142 commodities from China, South Korea, Laos, Sri Lanka and Bangladesh, the statement said. India decided to reduce tariffs on imports of goods from Asian countries in the context of differences with the United States. The United States recently introduced import tariffs of 25% and 10% on steel and aluminum imports. The government of India regards this as a protectionist act that is harmful to the global economy. In response, India plans to impose import duties on a range of agricultural products, steel products and iron ore from August 4th (source: China trade daily).

6. cooperation between China and Egypt in textile and garment industry is ready.

Egypt is now China's textile industry. industry China's second largest destination for Africa's investment is China's largest source of textile and clothing imports. China is the main source country of textile and clothing imports in Egypt. In 2017, Egypt imported 1 billion 626 million dollars of textiles and clothing from China, an increase of 17.1% over the same period last year, accounting for 46.7% of the total textile and clothing imports of Egypt. In the past three years, China's share in the Egyptian import market has declined, from 50.5% in 2015 to 46.7% in 2017. In 2017, Egypt exported $37 million to China's textile and clothing, accounting for about 1.3% of Egypt's textile exports. The textiles imported from Egypt are mainly made of synthetic filament and staple fabrics, followed by woven garments and cotton spinning products (source: textile and clothing weekly).

7. Egypt: cotton exports in 2018/19 will grow by 45% over the same period last year.

With the improvement of cotton quality in Egypt, the export volume of Egyptian cotton in 2017/2018 will reach 52000 tons, up 37% over the same period last year. According to Egyptian traders, Egypt in 2018/19 cotton Exports will grow by 45% over the same period last year. With the devaluation of the pound, Egypt's cotton exports have been further boosted, and in 2016, when India textile manufacturers exported some cheap sheets to Egypt's high-grade cotton products and boycotted by the US market, interest in pure Egyptian cotton in the international market also rekindled (source: China cotton net).

8., Amazon will open T-Shirts printing plant in Poland.

In July 2018, Amazon plans to open 1 new factories for personalized T-Shirts printing business in Sosnowiec, Poland. The company plans to hire 2500 workers, including 500 employed by the end of this year. Amazon currently has 5 distribution centers in Poland, employing 14000 formal employees and 10000 seasonal temporary workers. It has been operating in Poland since 2014. Up to now, it has invested 4 billion wave coins in Poland (source: Asia Textile Alliance).

In the first half of 9., China's textile and clothing exports grew by 3.24% over the same period last year.

According to statistics, in 2018 1-6, China's textile and clothing exports amounted to US $127 billion 524 million, up 3.24% over the same period last year. Among them, exports of textiles amounted to US $58 billion 332 million, an increase of 10.28% over the same period last year, and exports of clothing and accessories amounted to US $69 billion 192 million, down 2.03% from the same period last year. The two showed a marked differentiation trend of "strong textile exports and weak clothing exports" (source: Customs General Administration).

10., the United States intends to increase taxes on US $200 billion export to the United States, involving more than 1000 textile and apparel products tax.

The office of the United States trade representative announced a list of proposals to levy 10% tariffs on China's $200 billion export to the United States. The proposed tax list of the US side covers 6031 tax numbers, of which more than 1000 textile and clothing products are tax related, involving most textile materials, semi-finished products and a small number of clothing accessories, mainly including textiles. raw material (cotton, silk, wool, hemp, etc.) Yarn And fabrics (cotton, wool, silk, hemp, chemical fiber, glass fiber, etc.); carpet; industrial textiles; leather and fur clothing, hat and gloves, plastic rainwear, etc. China's exports to the United States, such as woven garments, knitted garments and household textile products, are not included in the list.