Amid a fast increasing import of garments made of Chinese fabrics from Bangladesh, the Indian textiles industry is seeking "tweaking of South Asian Free Trade Area (SAFTA) rules of origin" to make use of yarn and fabrics of Indian origin mandatory for exporting apparel to India, an official said on Tuesday.
Read More »USA suspends duty-free apparel imports from Rwanda
The U.S. said it plans to suspend duty-free access to Rwandan textile imports because of the African nation’s refusal to lower trade barriers for American-made clothing and shoes.
Read More »Textile factory owners seek duty exemption on furnace oil import
Textile factory owners want to import high-speed furnace oil with exemption of all duties and taxes to run their captive power generation units which they say are suffering from a severe shortage of gas supplies.
Read More »Pakistani garment exporters urge relaxation in duties on yarn imports
The Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) is urging authorities to relax duties on yarn import to encourage value addition, reduce cost of doing business and bridge the gap between production and consumption.
Read More »RMG industries enjoy Tk 33,612 crore duty benefit in FY17
Export-oriented industries enjoyed tax exemption worth Tk 34,880 crore in import of raw materials in last fiscal year of 2016-2017 under the bonded warehouse benefit offered by the National Board of Revenue. The amount is more than 77 per cent of total customs duty of Tk 45,193 crore collected in the year.
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