The demand for non essentials products like fashionable garments, carpets, footwear and furniture has dropped drastically in Scotland this year. The shopkeepers are going through dull phase as there is recession in the market, resulting in the sharpest drop in sales of retail in past 20 years.

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China is a happening place today. First the largest textile event – ITMA ASIA starts today and next on the cards is the Beijing Olympics which is scheduled to start in the next few days and hosting it a pride for China.

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Nordic Investment Bank (NIB), an international financial institution, is intended to launch its operation in Bangladesh. 
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The European Commission yesterday adopted a new regulation on Generalised System of Preferences (GSP), which will come into effect from 1st January 2009 until the end of 2011.

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A month long textile and cottage industry fair began at Goalabazar in Balaganj upazila yesterday. 
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Speakers at a seminar yesterday urged the countries in the sub-continent to jointly protect their patent rights.

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China's commerce ministry remains optimistic about trade for the rest of the year and will maintain the policies adopted in the beginning of the year despite widespread concerns over the export slowdown, according to the vice-minister of commerce.

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The U.S. Embassy in Ulaanbaatar, Ministry of Industry and Trade of Mongolia & the Mongolian National Chamber of Commerce and Industry launched a Handicraft Agreement under the U.S. General System Preferences Program on July 7 at 11:00am.

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The United States and European Union took aim at emerging economies at crucial WTO trade talks in Geneva on Monday, warning them to open up their markets if the seven-year Doha Round is to succeed.

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Taiwanese entrepreneurs are relocating their shoe, furniture and tent fabric manufacturing units to Bangladesh from China and Vietnam as the US and EU imposed anti-dumping duties on the two Asian countries.

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