Economy

Though Nigerian garment markets are saturated with Asian items, domestic manufacturers—now trained, informed and having embraced value chain production systems—only need encouragement and funds as mass production needs capital and many are still at the workshop level struggling to meet delivery, said a top Nigerian Export Promotion...

Thailand is likely to gain more than lose if the United States imposes tariffs of up to 25 per cent on an additional list of Chinese imports worth $300 billion, says a Thai commerce ministry study. If US import tariffs are raised, Thailand is expected to gain...

British retail tycoon Philip Green’s Arcadia Group recently announced plans to close 23 of its 566 UK-Irish stores in a major restructuring of the fashion business that may also see its Topshop/Topman stores close in the United States. Arcadia said it had instigated seven company voluntary arrangements...

Cotton production in Togo, a West African nation on the Gulf of Guinea, increased by 17 per cent in 2018-19 season to 137,000 tons, compared to 117,000 tons produced in 2017-18. However, the output was lower than the expected 140,000 tons. This was disclosed during the launch...

To boost job creation and exports, the new government at the Centre should resolve issues related to Technology Upgradation Fund Scheme (TUFS), Southern India Mills’ Association (SIMA) has said. The association has also appealed for release of ₹9,000 crore pending TUFS subsidies on a fast track. The...

বাংলাদেশ ও রাশিয়ার পারস্পরিক সহায়তার লক্ষ্যে একটি চুক্তি স্বাক্ষরিত হতে যাচ্ছে। রাশিয়ার নেতৃত্বাধীন ইউরাশিয়ান ইকোনমিক কমিশনের সঙ্গে এই সমঝোতা স্মারক (এমওইউ) স্বাক্ষর করবে বাংলাদেশ। চুক্তিটি হলো-‘মেমোরেন্ডাম অব কো-অপারেশন বিটুইন দ্য ইউরাশিয়ান ইকোনমিক কমিশন অ্যান্ড দ্য গভর্নমেন্ট অব দ্য পিপল রিপাবলিক অব বাংলাদেশ।’ বাংলাদেশ প্রতিদিন

Ten more garment factories received the top billing from the United States Green Building Council (USGBC) to take the total to 24, the highest in the world, in a heartening development for Bangladesh’s apparel sector, whose image has been battered by incidents of industrial accidents. Of the 24 platinum-rated LEED (Leadership...

Official figures from Brazil’s ministry for external commerce show that the country’s tanners exported hides and skins with a value of US$430 million in the first four months of 2019. In terms of volume, the Brazilian leather industry shipped 15.2 million square-metres of leather (of all kinds)...

The Central African country of Cameroon has banned the use of five chemicals in textile manufacturing in the country. The banned chemicals are azo dyes, formaldehyde, alkyl phenol, phthalates, and heavy metals that have a negative impact on both the environment and consumer health, Cameroonian ministry of...

A strategy paper by the Indian commerce ministry has outlined steps like pushing exports, launching export incentive schemes, cutting import dependence and attracting foreign firms that are looking at shifting manufacturing bases from China to reduce trade imbalance. The paper was submitted recently to commerce and industry...