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25 May 2017 10:58AM

Future Textile Road Forum

25 Apr 17 ,  Corporated News
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The future of the new textile industry: a dialogue between Xinjiang, China and Europe

Economy
  • Reorganization of Korea textile industry for competitiveness

    08 Feb 16 ,  Economy
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    According to report from Korea Economic Research Institute, Korea’s fabric technology level has increased from 75 percent in 2010 to 79 percent in 2015. This figure will improve to 85 percent in 2020. In contrast, China’s fabric technology level has increased from 55 percent in 2010 to 65 percent in 2015 and 75 percent in 2020. The technological level in the textile industry of Japan will stand at 100 percent in 2020.
    Japan is expanding investment in the development of higher value-added industrial textiles which are in high demand. China is also reorganizing the industrial structure by focusing higher value-added products and for high-tech industry. In contrast, Korea has low competitiveness due to a high percentage of clothing in production. The most of clothing are supplied to the domestic market with middle and high prices, while those for exporting are low and middle prices. This is why Korea should reorganize its fabric industry structure by promoting high performance and differentiated products. (Source: www.businesskorea.co.kr)

    According to report from Korea Economic Research Institute, Korea’s fabric technology level has increased from 75 percent in 2010 to 79 percent in 2015. This figure will improve to 85 percent in 2020.

  • Thailand Weakest Asean Economy in 2016 – World Bank

    11 Jan 16 ,  Economy
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    The World Bank has forecast modest economic growth in 2016 with global gross domestic product (GDP) forecast to increase by 20.83 per cent from 2.4 per cent in 2015 to 2.9 per cent this year.

    The World Bank has forecast modest economic growth in 2016 with global gross domestic product (GDP) forecast to increase by 20.83 per cent from 2.4 per cent in 2015 to 2.9 per cent this year.

  • 'Textile industry needs market access policy'

    29 Sep 15 ,  Economy
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    With textile exports continuing to decline, the Southern India Mills' Association (SIMA) has said that there is an urgent requirement for a policy for the textile industry to ensure access to global markets to enable it to have a level playing field in the face of a production glut.

    With textile exports continuing to decline, the Southern India Mills' Association (SIMA) has said that there is an urgent requirement for a policy for the textile industry to ensure access to global markets to enable it to have a level playing field in the face of a production glut.

  • Most SMEs expect to generate up to 50% of revenues internationally by 2019, says EIU report

    06 Feb 15 ,  Economy
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    EIU research highlights key issues that SMEs face as they expand internationally, including cultural barriers and inefficiency

  • Thailand's ranking up 6 places to 31st

    27 Sep 14 ,  Economy
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    Despite its prolonged political crisis, Thailand advances six places to 31st position among 144 economies included in the World Economic Forum's Global Competitiveness Report 2014-2015.

    Despite its prolonged political crisis, Thailand advances six places to 31st position among 144 economies included in the World Economic Forum's Global Competitiveness Report 2014-2015.

  • ACIMIT: Slow start for Italian textile machinery in 2014

    30 May 14 ,  Economy
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    Orders for Italian textile machinery in the first quarter of 2014 appear to be in a downturn, according to the Association of Italian Textile Machinery Manufacturers (ACIMIT).

    Orders for Italian textile machinery in the first quarter of 2014 appear to be in a downturn, according to the Association of Italian Textile Machinery Manufacturers (ACIMIT).

  • World Bank Report

    13 Mar 14 ,  Economy
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    Five years after the global financial crisis triggered the worst downturn since the Great Depression, the world economy may have finally turned the corner, at least according to the World Bank. Indeed, the World Bank has raised its forecast for global growth this year, its first upgrade in three years. Furthermore, the poverty-fighting institution also predicted a faster pace of expansion for both 2015 and 2016. With the International Monetary Fund also expected to revise its growth projections upwards, the Asia-Pacific region appears set to benefit.

    Five years after the global financial crisis triggered the worst downturn since the Great Depression, the world economy may have finally turned the corner, at least according to the World Bank. Indeed, the World Bank has raised its forecast for global growth this year, its first upgrade in three years. Furthermore, the poverty-fighting institution also predicted a faster pace of expansion for both 2015 and 2016. With the International Monetary Fund also expected to revise its growth projections upwards, the Asia-Pacific region appears set to benefit.

  • Italian textile machinery orders increased by 5% for 4th quarter 2013

    21 Feb 14 ,  Economy
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    Orders for textile machinery rose during the 4th quarter of 2013, with 5% increase compared with previous quarter, for an absolute value of 88.5 points (reference year 2010=100), according to the figures compiled by the economics department at the Association of Italian Textile Machinery Manufacturers (ACIMIT),

    Orders for textile machinery rose during the 4th quarter of 2013, with 5% increase compared with previous quarter, for an absolute value of 88.5 points (reference year 2010=100), according to the figures compiled by the economics department at the Association of Italian Textile Machinery Manufacturers (ACIMIT),

  • Sri Lanka reports 26.9% growth in textile and apparel exports in December 2013

    21 Feb 14 ,  Economy
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    Sri Lanka's exports in December 2013 increased to US$986 million due to higher earnings from industrial and agricultural exports. Industrial exports, which account for more than three quarters of total export earnings, increased by 15.2% on a year on year basis to US$741 million in December 2013 with continued growth in exports of textiles and garments.

    Sri Lanka's exports in December 2013 increased to US$986 million due to higher earnings from industrial and agricultural exports. Industrial exports, which account for more than three quarters of total export earnings, increased by 15.2% on a year on year basis to US$741 million in December 2013 with continued growth in exports of textiles and garments.

  • Vietnam’s garments and textiles exports to South Korea surge by 53.5%

    10 Feb 14 ,  Economy
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    The figures released by the General Department of Customs of Vietnam showed that the bilateral trade between the country and South Korea hit a record level of US$27.3 billion in 2013, a 29.5% increase over the previous year. Vietnamese exporters earned 18.9% more from the South Korean market, with garments and textiles (US$1.6 billion, up 53.5 %) as the biggest exports.
    The trade between the two countries has been rising since 2010, especially after Vietnam's admission to the World Trade Organisation and the signing of the ASEAN-Korea Free Trade Agreement, according to Viet Nam News’ report.
    Vietnam's trade deficit of US$4.9 billion in 2009 grew to US$14.1 billion last year with Vietnam's imports from South Korea posting a 33.3% increase to US$20.7 billion, and accounted for 15.7 % of the country's total imports, says the report.
    The main imports by Vietnam were computers, electric gadgets and spare parts at a total value of US$5.1 billion, which is 54.7% higher from the previous year and accounted for 24.6% of the total imports of these goods. In addition, Vietnam's imports of machinery and equipment, spare parts and telephones from South Korea have been high, accounting for half of the total imports of these goods.
    Meanwhile, Vietnamese exporters earned US$6.6 billion from the South Korean market, up 18.9% against the previous year, and accounting for 24.3% of the country's total exports by value. Major Vietnamese exports to South Korea included garments and textiles (US$1.6 billion, up 53.5 %), crude oil (US$724 million, down 9.3 %), and seafood (US$512 million).
    Vietnam has sustained an import surplus with South Korea for several years. Several Vietnamese businesses, in particular, importers, have been eager to invest in or explore opportunities in the South Korean market.
    Oh Jea Hack, South Korean Consul General, was quoted as saying by the Vietnam Economics Times newspaper that bilateral trade between the two nations in 1992 was valued at US$500 million. After 20 years of relations, that value has jumped to US$21 billion in 2012, representing a forty-fold increase from 1992.
    The two countries aim to raise the value of bilateral trade to US$70 billion by 2020, says Viet Nam News.

    The figures released by the General Department of Customs of Vietnam showed that the bilateral trade between the country and South Korea hit a record level of US$27.3 billion in 2013, a 29.5% increase over the previous year. Vietnamese exporters earned 18.9% more from the South Korean market, with garments and textiles (US$1.6 billion, up 53.5 %) as the biggest exports.