Bangladesh Will Cut Import Tariff Of Non-Woven Fabrics 20% In 2013-14

In order to greatly promote Bangladesh's clothing industry, Bangladesh finance minister Abu Abdul Mucht (AbulMaalAbdul) announced that the 2013-14 budget will be a href= "//www.sjfzxm.com/news/index_c.asp" > non-woven fabric < /a > import tariff reduced by 20%. "P"

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< p > however, the budget has not been allocated a new < a href= "//www.sjfzxm.com/news/index_c.asp" > capital < /a > for the re establishment of the garment industry in a more secure cluster.

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< p > more than 1100 people died due to the collapse of the forest frog square building. Therefore, the industry hopes that the minister will allocate a lot of money to solve the problem of workplace safety.

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Contrary to P, the minister gave only a guarantee that the government would take all possible steps together with the stakeholders.

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< p > > a href= "//www.sjfzxm.com/news/index_c.asp" > Bangladesh < /a > congressman Mucht said: "in order to prevent the recurrence of Rana frog square in the future, we promise to take all possible measures to improve the working conditions and safety standards of the factory with all stakeholders."

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In the financial year ending June 30th, Bangladesh's GDP growth rate is likely to be around 6%, down to the lowest level since 2009-10.

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< p > this budget aims to bring the growth rate of 2013-14 to 7.2%, and next year's expenditure will increase by 16% to 2 trillion and 220 billion Taka.

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< p > related links: < /p >

< p > Ecuador Textile Association said that Ecuador's domestic textile industry will lose money this year.

Last year, the output of Ecuador's textile industry increased by 9.9% compared with the same period last year, and its output value reached US $600 million.

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< p > the 3 main reasons for the fall in sales in the first 5 months of this year are: first, the reduction of government procurement; in the first quarter of this year, government procurement dropped from 10% of the total sales volume to 10%; second, the impact of low price import clothing; third, the Ecuador Customs announced that the package with a value less than 400 dollars or less than 4 kilograms had no need to pay customs duties, so the residents of the country used "sea scouring" to buy clothing.

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< p > for losses, Javier Diaz, chairman of the association, expressed optimism about the future growth of the industry. "Loss is conducive to optimizing the industrial structure and creating more competitive enterprises". At present, there are more than 500 textile companies registered in Ecuador.

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< p > recently, the Spanish textile and accessories chamber of Commerce (ACOTEX) said that Spain's textile industry will rebound after 7 years of recession because of its overall economic recovery.

The chamber called on the Spanish Ministry of finance to reduce the current 18% of value-added tax to promote further recovery of the industry.

Spanish media pointed out that since 2007, nearly 20% of Spain's clothing and home textiles stores closed, the turnover reduced by 30%.

Spain's apparel and home textile industry increased by 1.6% over the same period last year.

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< p > according to the annual report of the chamber of Commerce, the total sales volume of Spain's textile industry in 2013 was 15 billion 850 million euros, declining 3.78%, but it began to show growth in the second half of the year, although the growth rate was limited, but the industry generally agreed that Spain's economic crisis had bottomed out and will gradually improve.

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< p > 2013, there were 152 clothing and home textile shops closed, the total number of shops was less than 6, and the number of people employed in the textile industry decreased by 2.11% to 186 thousand.

Last year, the consumption expenditure of Spanish households in textile products decreased by 744 euros to 1109 euros compared with 2006, and the average consumption expenditure of individuals in textile products was 400 euros.

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