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In response to a growing trend of deceptive bargaining practices by certain global garment buyers, the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) is stepping up its efforts to protect local exporters. Reports indicate an increasing number of incidents where buyers exploit exporters by demanding "illogical" discounts on clothing prices, prompting the BGMEA to consider blacklisting such entities.

 

As the year comes to a close, Japan's thriving apparel market is poised to achieve an impressive US $87 billion in sales for 2023, according to recent data. Projections indicate a continuous growth trajectory, with a Compound Annual Growth Rate (CAGR) of 2.42 percent anticipated from 2023 to 2027.

 

The textile sector, a vital contributor to Pakistan's economy, is grappling with challenges as the fluctuating prices of yarn create significant hurdles for small spinning mills. The impact is particularly pronounced on unit owners, both small and large, who are struggling to secure yarn at affordable rates amidst already escalating energy costs.

The industrial landscape in Indonesia, particularly the textile and textile products (TPT) sector, is grappling with an ongoing crisis marked by factory closures and a relentless wave of layoffs. The situation, exacerbated by various factors, including economic slowdowns in key export markets and the influx of imported products, has raised serious concerns about the well-being of workers and the sustainability of the industry.

  1. China's Cotton Production Faces 6.1% Decline in 2023 Amid Unfavorable Weather
  2. Jakarta's "Ghost Factory" Phenomenon Reflects Shifting Industrial Landscape
  3. Jokowi Takes Decisive Action Against Influx of Imported Clothes and Shoes
  4. Bangladeshi Textile Millers Seek Financial Relief Amid Economic Challenges