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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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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 .