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Asia Sourcing Update (June 2017)

HIGHLIGHTS

BANGLADESH

▪ Exports rise 3.9% yoy in the first ten months of the 2016-17 fiscal year

▪ Local manufacturers gear up for opportunities in sportswear market

▪ Third TICFA meeting with the US ends without discussion on GSP reinstatement

INDIA

▪ Merchandise exports grow by 19.8% yoy in April

▪ Government sets lower export target for textiles and garments

▪ 17 states and union territories revise minimum wages upward so far

PAKISTAN

▪ Exports of textiles and garments drop 0.9% yoy in the first ten months of current fiscal year

▪ Nearly US$500 million deals signed with China ahead of Belt and Road Forum

▪ National Single Window in the works to improve ease of doing business

TURKEY

▪ Exports surge by 13.6% yoy in March

▪ Turkish companies show growing interest in investing in Serbia

▪ Referendum result puts an end to parliamentary democracy

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Content provided by Fung Business Intelligence
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