Latest International Textile Industry Latest Inventory Summary (4.25)

< p > < strong > Twelfth Five Year Plan period, India technology < /strong > a target= "_blank" href= "http://www.91se91.com/" > strong > textile > /strong > < /a > < > > 20% will be increased.

< p > India joint Federal Minister of textile SujitGulati said on Saturday that with the steady growth of demand, India technology a href= "http://www.91se91.com/news/" > textile industry < /a > will grow at 18-20% annual growth rate during the Twelfth Five Year Plan period (2012-17).

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< p > textile Commissioner AB Joshi said that the annual output value of the technology textile industry is about 600 billion rupees, and the growth rate in the past five years is 11-12%.

About 30% of the domestic demand for technical textiles needs to be met through imports.

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Less than P, he said, technical textiles account for about 60% of the global textile industry, accounting for only 9-10% in India.

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< p > to 2016-17 years, < a href= "http://www.91se91.com/news/index_c.asp" > Technical Textiles < /a > product market is expected to exceed 15 million rupees.

Because of better profits and less competition, the technology textile industry has a strong attraction.

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Spain's textile exports increased by 14.8%, < p > strong > January, < /strong > < /p >

In January this year, Spain exported 711 million 159 thousand euros worth of textiles, up 14.8% compared to the same period last year, according to statistics released by the Spanish Foreign Trade Association (P).

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P > January, Catalonia Province, Spain, exported 266 million 973 thousand euros worth of textiles, followed by the export of 251 million 910 thousand euros in textiles in Galicia province. Madrid exported 64 million 62 thousand euro a href= "http://www.91se91.com" > textile < /a >, Aragon province exported 57 million 966 thousand euros, Valencia exported 25 million 293 thousand euro and Andalusia province exported 23 million 785 thousand euro.

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< p > in January this year, France became the largest importer of Spanish textiles, and France bought 104 million 571 thousand euros of textiles from Spain, according to the Spanish foreign trade association.

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< p > Portugal, Italy and Germany became the main destinations of Spain's "a href=" http://www.91se91.com "textile export < /a >, which imported 77 million 500 thousand euros, 67 million 972 thousand euros and 47 million 166 thousand euros of textiles from Spain respectively in January.

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< p > in January this year, Spain's textile imports also increased by 5.5% over the same period last year, reaching 1 million 42 thousand euros.

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< p > < strong > Japan is eager to increase the proportion of textile imports in India less than /strong > /p >

< p > because the comprehensive economic agreement will allow Japan to import India textiles without duty, therefore, Japanese buyers are eager to improve their India a target= "_blank" href= "http://www.91se91.com/" > clothing /a > purchase quantity.

Japan hopes that in the next 2-3 years, the proportion of India in its textile imports will increase from 0.9% to 3%.

Japan imports about 25 billion US dollars (1 trillion and 346 billion rupees) of textile products each year and is the third largest importer in the world.

China accounts for more than 85% of Japan's imports.

The import tariff of Chinese textile products is 10-11%.

Because of the huge tax gap, Japanese retailers may welcome India products.

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< p > because of the strict quality standard, Japan now purchases a small number of special products in India.

The quality parameters of Japan are much stricter than those of the United States and the European Union.

Some international brands purchased from India face a 40% refusal.

Japanese buyers also want India exporters to improve logistics and shorten delivery time.

It takes 3-4 months for India exporters to deliver their products to Japan, while China only needs a short month.

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< p > < strong > Israel will reform the import textile tax policy < /strong > /p >

< p > according to the Israeli "China Daily" report, with the decision of the parliamentary Finance Committee to reform the import textile tax policy, it will levy a unified import tax on all imported textiles including finished products and < a href= "http://www.91se91.com" > textile raw materials < /a >.

At the beginning of 2013, Israel abolished the import tax on textile products, such as clothing, and imposed a 12% import tax on textile materials.

Domestic textile manufacturers have pointed out that this discriminatory tax policy has harmed the interests of local manufacturers, and can not reduce the price of clothing and other products.

For the latest reform measures, importers believe that adverse market competition will lead to higher cost of living.

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