Lengthy queues at Kapikule, on Turkey’s side of its frontier with Bulgaria offer a depressing lesson for Britain’s Brexit planners.
Foreign investment in Ethiopia declines in 2016. So Ethiopians recycle old textile investment stories
Foreign investment in Ethiopia looks likely to undershoot its target for 2016, after falling sharply in the second half of the year.
The dollar value of Chinese apparel exports to the UK fell 9.7% year on year in the six months after Britain’s June 23 referendum on EU membership, after increasing 2.8% in the previous six months
For the first time in years, strong reported export growth. Though, with total apparel exports, even with 2016’s 12% growth, just €2.1 bn, Portugal remains a relatively minor supplier to the rest of the EU.
In fairness, the actual story consists of:
Taiwan’s Makalot announced on February 9 a double-edged policy on the US in its 2017 “$5 bn – $10 bn” worldwide investment plans.
India’s programme of Textile Parks “has failed to meet its objectives”, a December study from consultants Wazir Associates now revealed in early February.
They claim Customs procedures will be bureaucracy-free and “risk-based.” But even their claims accept 10% of arrivals might be unnecessarily delayed. Who really believes government assurances on future IT projects? And no hint of how urgently Britain’s partners might respond to the challenges.
The report for Q3 2016 from the International Textile Manufacturers Federation (ITMF) shows 3.7% year on year increase in yarn production, and 0.6% increase in fabric production. Substantial declines were seen in Europe
Donald Trump announced on January 14 his abandonment of a central campaign pledge about China.
I think the biggest event of 2016 for our industry was the outright opposition to international trade on which America’s Republican Party campaigned successfully in the Congressional elections.
Taiwan’s Eclat Textile, the country’s largest apparel manufacturer, announced on December 8 it was closing its last Chinese production plant.
The Everest Textile subsidiary of Taiwan’s Far Eastern Group announced on December 6 it would invest $18.5 million in a new manufacturing plant in Forest City, North Carolina, creating 610 jobs over five years
While American voters were confounding practically all observers on November 8, on the other side of the Atlantic Britain’s Marks & Spencer unveiled a strategy that may be designed for a post-Brexit, post-Trump world.