Developing nations are working on a compromise which they hope can help break a deadlock in global trade talks, Indonesian Trade Minister Mari Pangestu said yesterday. 
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The global textile and garment market, is valued at around US $400 billion which is an impressive figure that attracts entrepreneurs from around the world to venture in the sphere. Unfortunately for the African sub-continent and for Nigeria in particular, the trade has not been very profiting.
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The textile and apparel industry of Colombia has been hit by rising peso and tough competition from the Asian countries. However, in first half of 2008, the high exports earning through shipment of innerwear, has once again revived the oscillating hope of entrepreneurs.
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A local developer will build a Tk 260 crore luxury resort in Savar mainly to accommodate readymade garment business travellers, an official of the company said.
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Ready-made garment (RMG) industry will require additional 1.4 million workers as the industry aims to export garment items worth $25 billion by 2013.
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The textile mill owners yesterday reiterated their plea for adequate supply of gas to their plants on priority basis to maintain production.
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Asean took more steps towards economic integration on Tuesday, when its economic ministers agreed to a comprehensive set of new measures that include the dismantling of non-tariff barriers and free-flow of talent.
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