Transportation costs for each TEU container by sea between Bangladesh and the US-Europe have shot up over US$ 200, or over100 percent, in the past one year in the wake of soaring oil prices on international markets. 
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The number of US firms among the Fortune 500 list of top global companies slipped to the lowest level in over a decade while Chinese, Indian and Mexican firms gained, the magazine reported Wednesday.
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Under the Comprehensive Economic Partnership Agreement (CEPA) between Sri Lanka and India, the Sir Lankan garment exporters will be given concession while shipping their products to India. This information was made public by The Export Development and International Trade Ministry of Sri Lanka.
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Planalytics Inc, the global leader in Business Weather Intelligence, released its June WeatherCall(SM) noting how the sixth warmest June in fifty years created a favorable sales environment for many retailers.
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The textile sector in Uganda has for some time been struggling due to the absence of a formal Government policy for the industry. However, last year, the country unveiled a new industrial policy, warranting the development of a cotton and textile sector for Uganda within the broader frame work of the present one.
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Financial crisis and shortage of labor have become the order of the day in Vietnam but despite these daunting circumstances, the textile and garment sector has set an export target of US $9.5 billion for this year.
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As the Wizard Blues head for a classic Origin decider in 2008, plans are already underway to revive a Classic look in the years ahead.
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Sportlifestyle company PUMA has extended a longterm licensing contract for socks by PUMA with Dutch company Dobotex, the current manufacturer of PUMA socks, as of January 1, 2009. The new licensing deal has a global reach, excluding the United States.
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Textile companies around the globe are adopting innovative ‘green’ fabric processing techniques to bring cotton’s environmental footprint inline with sustainability goals in the world market.
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