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Global Textiles & Apparels, Mumbai, 20 June 2018 CPTPP to open opportunities for Garment Textiles Sector
Vietnam: The Comprehensive and Progressive Agreement for Trans-Pacific Partnership( CPTPP) has been expected to come into force in early 2019, which will open up numerous opportunities for Vietnamese garment-textile sector.
According to the Vietnam Textile and Apparel Association( VTAA), the industry could access many markets with huge potential, including those with which Vietnam has yet to sign free trade agreements( FTA).
Under the CPTPP, import tariff on most products will reduce to zero over the course of seven years, which will help businesses achieve high economic efficiency and increase competitiveness.
Garment-textile firms will be also able to make use of raw material supply and learn about production technology and management skills from CPTPP member countries.
To realise an annual export growth of 10 percent, the sector needs to make best use of markets of member countries of the trade deal.
The pact will provide new
opportunities for businesses in both export and import. For example, currently Vietnamese apparel makers have to rely on materials imported from China, Japan and the Republic of Korea. With the CPTPP, enterprises could import material from other CPTPP countries such as wool from Australia.
In order to capitalize on opportunities presented by the CPTPP, enterprises will need strong support from State management agencies.
On their part, the enterprises must spare no effort to penetrate into the markets, first of all by studying thoroughly their target markets.
They should also invest in modern machines and sharpening skills for workers.
The original Trans-Pacific Partnership( TPP) was signed by 12 countries in February 2016 but US President Donald Trump pulled his country from the deal upon taking office in January 2017.
The remaining 11 countries, namely Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam,
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continued to sign the pact and renamed it the CPTPP in March 2018 in Chile.
The pact, which delivers a strong message against the protectionism in the world, is expected to boost economic growth, create more jobs, reduce poverty and improve the quality of life for people in member countries.
The deal will create one of the world’ s largest free trade blocs with a combined market of 499 million people and GDP of around 10.1 trillion USD, accounting for 13.5 percent of the global GDP.
More than 2,000 foreign businesses from 16 countries and territories worldwide had invested some 15.75 trillion USD in Vietnam’ s garment and textile sector so far, according to the VTAA.
The total textiles and garment import turnover of the CPTPP member countries exceeded 53 billion USD in 2017. Vietnam earned over 4.8 billion USD from exporting textiles and garments to the other CPTPP member nations in 2017, making up 9.07 percent of the market share.
Mumbai: India ' s biggest manufacturer of digital printing technologies, ColorJet India will be launching and showcasing live demonstrations on Reactive ink of the FABJET GRAND, a 3.2 metre
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03
Bruno Magli to open store in SoHo
USA: Bruno Magli will open a 2,000 square-foot concept store in the chic SoHo shopping district of New York City on September 1, 2018, at 120 Wooster Street.
Located in a prime location just steps away from designer fashion destinations Chanel, Gucci, Tiffany & Co. and more,
the boutique will showcase the latest styles of men’ s and women’ s footwear and watches, women’ s handbags and men’ s small leather goods, tailoring and socks.
It will also feature a variety of programming that plays into Bruno Magli’ s rich Italian tradition.
ColorJet launching FABJET GRAND a 3.2 metre width Digital Textile Printer
direct to fabric printer, which is the widest width printer, at Heimtextil which runs from June 27-29, 2018 at Pragati Maidan in New Delhi in hall no. 11, booth no. H-300.
Earlier, there were hardly any players manufacturing or marketing 3.2 metre digital printers. ColorJet has now opened up this segment by launching a 3.2 metre digital printer at an affordable price to make the technology accessible to fabric process houses and print service providers.
While, ColorJet has installed several FABJET GRAND printers which use either Disperse or Pigment inks to print on cotton and polyester fabrics, this is the first-time the company is showcasing the FABJET GRAND using Reactive inks, which are the best solution for direct printing on natural fabrics and provides the fabric with excellent brightness, wash and colour fastness.
The FABJET GRAND is especially targeted at the customised home furnishings textile segment, particularly for producers of home décor products like curtains, bed covers, table covers and sofa covers to directly print on cotton and polyester-based fabrics and uses environmental friendly aqueous based Pigment, Reactive or Disperse inks.
The FABJET GRAND is equipped with advanced colour management engine and colour processing tools, which ensure faster processing of files leading to saving time, increasing productivity and also has userfriendly and easy-to-use colour controls to manage colours.
ColorJet is the only manufacturer that offers and sells machines as a solution, along with RIP colour management, ink usage, ICC profile and training for application development or various applications so that a machine can be used across different markets.
Since ColorJet is a manufacturer based in India, the company offers always-ontime after-sales support and maintenance.
ColorJet digital textile printers have been installed at several textile fabrics process houses across India and the world and has gained the trust of the user community, due to the robustness of its printers and also the excellent after sales service and support within 24 working hours.
ColorJet ' s centralised customer care, team of engineers and well-maintained inventory levels of consumables or spares, with an all-India presence, ensures 100 % customer satisfaction.