DS Printech China will no longer take place next month due to the developing COVID-19 pandemic situation in Shanghai. The international fair was earlier scheduled to take place from May 18-20, 2022, but will now commence later in the year. The organisers are working to secure new dates for the show and will announce these as soon as possible.
The government of western Indian state of Gujarat is trying hard to get approval from the Centre for setting up a textile park in the twin city of Surat-Navsari twin city, India’s minister of state for textile Darshana Jardosh has said. The state government has already sent a proposal for a 1,000-acre PM MITRA textile park, the minister added.
The world’s research effort into wastewater pollution caused by the textiles industry has increased threefold over the past five years, according to a new analysis released recently before the Earth Day on April 22. This rise correlates with the implementation in 2016 of the UN Sustainable Development Goals (SDGs) for 2030, particularly SD6, relating to clean water and sanitation for all.
European business confidence in Vietnam’s investment environment continued to rise at the start of 2022, says the business climate index (BCI) from the European Chamber of Commerce in Vietnam (EuroCham) conducted by YouGov. For the first quarter (Q1) of 2022, the index climbed to 73 points, once again reaching its highest point after the fourth wave of the pandemic.
The US Department of Agriculture (USDA) has forecast cotton production in Bangladesh for marketing year (MY) 2022-23 to be 155,000 bales--up by 2.6 per cent over MY 2021-22—and imports at 8.9 million bales. Cotton harvested area is projected at 46,000 hectares for this MY, up by 2.2 per cent over MY 2021-2022. Indian cotton took 29 per cent market share in 2021, followed by Brazil, Benin and the United States.
The first estimate for euro area export of goods to the rest of the world in February 2022 was €215.8 billion, an increase of 17 per cent compared with February 2021 (€184.5 billion). Imports from the rest of the world stood at €223.4 billion, a rise of 38.8 per cent compared with February 2021 (€161.0 billion), driven again, in particular, by a further increase in energy imports.
As of today, it is almost impossible to imagine working out a viable exchange rate bypassing the US dollar. However, the question of direct trade in local currency is being debated after the imposition of sanctions on Russia by the US and other Western nations. Recently, Russian President Vladimir Putin floated the idea of gold-based exchange rate.
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