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Asia Sourcing Update (South and West Asia, November 2017)

Bangladesh

  • Exports grow by 7.03% yoy in July – October
  • Government to relax rules on trade unions
  • Marks and Spencer to scale up sourcing from Bangladesh

India

  • Exports in October record the first contraction since August 2016
  • Leading textile and garment players Grasim and Arvind announce investment in Gujarat
  • India and the EU hold discussions on the long-stalled FTA

Pakistan

  • 2016-17 financial year records the highest GDP growth in a decade
  • Long-term plan of the China-Pakistan Economic Corridor approved
  • Skyrocketing domestic cotton yarn prices hit textile and garment sector

Turkey

  • Inflation jumps to nine-year peak in October
  • Lira slides to record low amid rising tensions with the US
  • Denim giant Taypa expands footprints in Algeria and Serbia

 

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Content provided by Fung Business Intelligence
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